Keeping Needy Students in College Hinges More on Academic Success Than Financial Aid, Study Finds

Colleges that assume they can improve undergraduate retention rates by giving low-income students more financial aid may be wrong, according to a working paper by Serge Herzog, director of institutional analysis at the University of Nevada at Reno.

In his paper, Mr. Herzog also concludes that students from higher-income families are more likely to persist in college when given grants or scholarships than are their counterparts from lower-income families when given those forms

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