The impact of a promise: A loan replacement grant, low-income students, and college graduation

Susan Gershenfeld, Min Zhan, Denice Ward Hood

Research output: Contribution to journalArticle

Abstract

This study examines the impact of Illinois Promise, a loan replacement grant for low-income students, on college graduation within five years. A quasi-experimental design using propensity score matching is employed for first-time, full-time students enrolled as freshman from fall, 2007 through fall, 2009. Eligibility criteria are used to construct the comparison group of one-to-one matches for a total of 414 students. Results show the odds ratio of graduating within five years is 2.4 times more likely for I-Promise students in relation to the low-income comparison group. Policy and practice implications are discussed.

Original languageEnglish (US)
Pages (from-to)1073-1100
Number of pages28
JournalReview of Higher Education
Volume42
Issue number3
DOIs
StatePublished - Mar 1 2019

Keywords

  • Graduation
  • Loan replacement grant
  • Low-income students

ASJC Scopus subject areas

  • Education

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