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Need-Based Promise Programs, Performance Funding Bonuses, and the Enrollment of Low-Income Students

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Title: Need-Based Promise Programs, Performance Funding Bonuses, and the Enrollment of Low-Income Students
Language: English
Authors: Amy Y. Li (ORCID 0000-0002-9266-4204), Yimeng Liu (ORCID 0000-0003-3708-1345)
Source: Educational Policy. 2025 39(6):1171-1208.
Availability: SAGE Publications. 2455 Teller Road, Thousand Oaks, CA 91320. Tel: 800-818-7243; Tel: 805-499-9774; Fax: 800-583-2665; e-mail: journals@sagepub.com; Web site: https://sagepub.com
Peer Reviewed: Y
Page Count: 38
Publication Date: 2025
Document Type: Journal Articles
Reports - Research
Education Level: Higher Education
Postsecondary Education
Descriptors: Student Financial Aid, Need Analysis (Student Financial Aid), College Programs, Performance Based Assessment, Educational Finance, Enrollment, Low Income Students, College Students, Financial Needs, Federal Aid, Grants, Accountability, Access to Education
Geographic Terms: Louisiana, New York, Washington
Laws, Policies and Program Identifiers: Pell Grant Program
DOI: 10.1177/08959048241287410
ISSN: 0895-9048
1552-3896
Abstract: Certain statewide promise programs require students to demonstrate financial need, while state performance funding policies sometimes incorporate a financial bonus that incentivizes colleges to enroll or graduate low-income students. We use data on public, 4-year colleges from 2007-2008 to 2019-2020, and incorporate difference-in-differences analyses and event studies. We find that colleges affected by promise programs in Louisiana, New York, and Washington observed no changes to the number and percent of first-time, full-time (FTFT) Pell grant recipients. Colleges in states subject to a performance funding bonus experienced no changes to the number and percent of FTFT Pell grants recipients, and colleges in Louisiana subject to both policies experienced no changes to either outcome.
Abstractor: As Provided
Entry Date: 2025
Accession Number: EJ1477053
Database: ERIC
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  Data: Need-Based Promise Programs, Performance Funding Bonuses, and the Enrollment of Low-Income Students
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  Data: <searchLink fieldCode="AR" term="%22Amy+Y%2E+Li%22">Amy Y. Li</searchLink> (ORCID <externalLink term="https://orcid.org/0000-0002-9266-4204">0000-0002-9266-4204</externalLink>)<br /><searchLink fieldCode="AR" term="%22Yimeng+Liu%22">Yimeng Liu</searchLink> (ORCID <externalLink term="https://orcid.org/0000-0003-3708-1345">0000-0003-3708-1345</externalLink>)
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  Data: SAGE Publications. 2455 Teller Road, Thousand Oaks, CA 91320. Tel: 800-818-7243; Tel: 805-499-9774; Fax: 800-583-2665; e-mail: journals@sagepub.com; Web site: https://sagepub.com
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  Data: 38
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  Data: <searchLink fieldCode="DE" term="%22Student+Financial+Aid%22">Student Financial Aid</searchLink><br /><searchLink fieldCode="DE" term="%22Need+Analysis+%28Student+Financial+Aid%29%22">Need Analysis (Student Financial Aid)</searchLink><br /><searchLink fieldCode="DE" term="%22College+Programs%22">College Programs</searchLink><br /><searchLink fieldCode="DE" term="%22Performance+Based+Assessment%22">Performance Based Assessment</searchLink><br /><searchLink fieldCode="DE" term="%22Educational+Finance%22">Educational Finance</searchLink><br /><searchLink fieldCode="DE" term="%22Enrollment%22">Enrollment</searchLink><br /><searchLink fieldCode="DE" term="%22Low+Income+Students%22">Low Income Students</searchLink><br /><searchLink fieldCode="DE" term="%22College+Students%22">College Students</searchLink><br /><searchLink fieldCode="DE" term="%22Financial+Needs%22">Financial Needs</searchLink><br /><searchLink fieldCode="DE" term="%22Federal+Aid%22">Federal Aid</searchLink><br /><searchLink fieldCode="DE" term="%22Grants%22">Grants</searchLink><br /><searchLink fieldCode="DE" term="%22Accountability%22">Accountability</searchLink><br /><searchLink fieldCode="DE" term="%22Access+to+Education%22">Access to Education</searchLink>
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  Label: Geographic Terms
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22Louisiana%22">Louisiana</searchLink><br /><searchLink fieldCode="DE" term="%22New+York%22">New York</searchLink><br /><searchLink fieldCode="DE" term="%22Washington%22">Washington</searchLink>
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  Label: Laws, Policies and Program Identifiers
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  Data: <searchLink fieldCode="SU" term="%22Pell+Grant+Program%22">Pell Grant Program</searchLink>
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  Data: 10.1177/08959048241287410
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– Name: Abstract
  Label: Abstract
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  Data: Certain statewide promise programs require students to demonstrate financial need, while state performance funding policies sometimes incorporate a financial bonus that incentivizes colleges to enroll or graduate low-income students. We use data on public, 4-year colleges from 2007-2008 to 2019-2020, and incorporate difference-in-differences analyses and event studies. We find that colleges affected by promise programs in Louisiana, New York, and Washington observed no changes to the number and percent of first-time, full-time (FTFT) Pell grant recipients. Colleges in states subject to a performance funding bonus experienced no changes to the number and percent of FTFT Pell grants recipients, and colleges in Louisiana subject to both policies experienced no changes to either outcome.
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  Data: 2025
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  Data: EJ1477053
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        Value: 10.1177/08959048241287410
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      – Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 38
        StartPage: 1171
    Subjects:
      – SubjectFull: Student Financial Aid
        Type: general
      – SubjectFull: Need Analysis (Student Financial Aid)
        Type: general
      – SubjectFull: College Programs
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      – SubjectFull: Performance Based Assessment
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      – SubjectFull: Educational Finance
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      – SubjectFull: Enrollment
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      – SubjectFull: Low Income Students
        Type: general
      – SubjectFull: College Students
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      – SubjectFull: Financial Needs
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      – SubjectFull: Federal Aid
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      – SubjectFull: Grants
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      – SubjectFull: Accountability
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      – SubjectFull: Access to Education
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      – SubjectFull: Louisiana
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      – SubjectFull: New York
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      – SubjectFull: Washington
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      – SubjectFull: Pell Grant Program
        Type: general
    Titles:
      – TitleFull: Need-Based Promise Programs, Performance Funding Bonuses, and the Enrollment of Low-Income Students
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