Table 2

SMART Grant Receipt

SMART AmountSMART AmountEver SMARTEver SMART
2006–2007 to 2010–20112008–2009 to 2010–20112006–2007 to 2010–20112008–2009 to 2010–2011
Texas
Discontinuity534.6***2.589589.0***−3.7460.121***0.0007090.129***−0.00144
(97.96)(8.129)(120.2)(10.76)(0.0285)(0.00282)(0.0357)(0.00382)
School FEYesYesYesYesYesYesYesYes
CovariatesYesYesYesYesYesYesYesYes
SMART majorYesNoYesNoYesNoYesNo
Observations5,78024,3383,49114,4363,18013,7091,9208,122
BYU
Discontinuity1467.9***−71.151772.8***−2.9880.418***0.002960.542***0.0164
(313.1)(76.74)(381.3)(102.8)(0.0761)(0.0217)(0.0958)(0.0302)
CovariatesYesYesYesYesYesYesYesYes
SMART majorYesNoYesNoYesNoYesNo
Observations1,2733,4587501,8486541,678380917
  • These regressions estimate the discontinuity in amount of SMART Grants disbursed or probability of ever receiving a SMART Grant as a result of the EFC-eligibility discontinuity. The estimation is performed separately for SMART Majors and non-SMART Majors in their junior year. Standard errors are in parenthesis and *** p < 0.01, ** p < 0.05, and * p < 0.1