Document Type
Article
Abstract
Having gained popularity over the past two decades, promise programs are a relatively new policy tool aimed at increasing the number of people who earn two-year and four-year postsecondary educational degrees by providing partial or full financial aid. In contrast to other forms of financial aid for postsecondary education, promise programs guarantee funding to students of a specified geographic area, which is sometimes accompanied by merit or need-based requirements. Promise programs differ in design, vary in result, and potentially cause substitution and migration effects. By analyzing several mature promise programs, I identify three fundamental design decisions that policymakers must consider when creating promise programs.
Publication Date
Spring 2021
Journal Title
Major Themes in Economics
Volume
23
Issue
1
First Page
35
Last Page
50
Copyright
©2021 by Major Themes in Economics
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Language
en
File Format
application/pdf
Recommended Citation
Slifka, Shay
(2021)
"Designing Promise Programs: Decisions and Effects,"
Major Themes in Economics, 23, 35-50.
Available at:
https://scholarworks.uni.edu/mtie/vol23/iss1/4