Researchers disagree on the impact of financial aid on student persistence. This paper describes the development and testing of an econometric model that allows any institution to study the effect of aid and other variables on within-year persistence. Among the five conclusions reached are that both the total amount of aid, and the amounts of grants and loans are significant in promoting persistence.
Somers, Patricia A.
"The Effect of Price on Within-Year Persistence,"
Journal of Student Financial Aid: Vol. 24
, Article 3.
Available at: https://ir.library.louisville.edu/jsfa/vol24/iss1/3