HAIL Scholarship program increased on-time bachelor's degree rates by 4% for low-income students
A study of one university found the HAIL Scholarship program increased on-time bachelor's degree attainment rates by 4% for low-income Michigan students. This result comes from a single study and the increase is modest. The earnings impact is projected rather than realized.
Why it matters
This offers evidence that targeted financial aid can improve graduation rates for low-income students.
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