State-Funded Merit Scholarships Shown to Improve College Completion Rates

States that offer broad-based merit scholarships appear to raise their residents' college-completion rates significantly, an economist has reported in a working paper.

Previous studies have demonstrated that such programs can increase a state's college-attendance rate, but this appears to be the first study that measures the actual completion of degrees.

Susan M. Dynarski, an associate professor of public policy at Harvard University's John F. Kennedy School of Government, used

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