RT Journal Article
SR Electronic
T1 The Effects of Need-Based Financial Aid on Employment and Earnings
JF Journal of Human Resources
FD University of Wisconsin Press
SP 327
OP 370
DO 10.3368/jhr.0121-11458R1
VO 60
IS 2
A1 Carlson, Deven
A1 Schmidt, Alex
A1 Souders, Sarah
A1 Wolfe, Barbara
YR 2025
UL http://jhr.uwpress.org/content/60/2/327.abstract
AB We experimentally estimate the effects of a need-based financial aid offer on students’ annual in-state employment and earnings up to eight years after the initial offer. For students in four-year universities, we show the aid offer to reduce employment and earnings throughout the period we study but provide evidence of increased effort on coursework during students, in-college years. We examine the role of outstate migration and reduced loan debt in generating the negative effects in students’ post-college years. We find no significant effects of the aid offer on the labor market outcomes of individuals in two-year institutions.