Paying for Grades: Impact of Merit-Based Financial Aid on Educational Quality
In: Journal of policy analysis and management: the journal of the Association for Public Policy Analysis and Management, Band 21, Heft 1, S. 93-109
ISSN: 0276-8739
In contrast to education reform efforts that target teachers & schools, merit-based financial aid for college increases the incentives for high school students & their families to directly affect the quality of education by investing more time & effort in schoolwork. Large-scale merit-based aid programs, such as Georgia's HOPE Scholarship, seek to improve education by encouraging students to meet higher standards, in this case by obtaining a 3.0 grade point average in high school & college. Since the HOPE program began in 1993, the number of high school graduates qualifying for the aid has steadily increased to more than 38,000 graduates in the class of 1998, or 59.5 percent of the graduating class. At the same time, the relationship between grades & achievement has remained consistent or, in some cases, improved since HOPE began. In fact, African-American males & females with a 3.1 high school core course grade point average have increased their average Scholastic Assessment Test (SAT) scores by more than 20 points. This indicates that merit-based aid has improved the quality of K-12 education in Georgia & reduced racial performance disparities by motivating students & their families to commit greater effort to schooling. 4 Tables, 4 Figures, 39 References. [Copyright 2002 John Wiley and Sons, Ltd.]