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PEDAR: Executive Summary  Institutional Aid to Full-Time Undergraduates Attending 4-Year Colleges and Universities
Trends in Institutional Aid: 1992-93 to 1999-2000
Academic Merit, Financial Need, and Institutional Grant Aid Among First-Year Students
Students with High Academic Merit
Institutional Grant Aid and Retention at Awarding Institution
One Year Later
Six Years Later
Research Methodology
Full Report (PDF)
Executive Summary (PDF)
 One Year Later

Some groups of students who received institutional grant aid in their first year were more likely than their unaided counterparts to re-enroll in their second year and less likely to transfer to another institution. But findings differed by sector and selectivity of institutions. In particular, differences in 1-year retention rates were observed for middle-merit students in less selective institutions, both public and private not-for-profit. Specifically, among middle-merit students, 87 percent of aided students in less selective public institutions returned in their second year, compared with 75 percent of unaided students; similarly, in less selective private not-for-profit institutions, 87 percent of aided students returned, compared with 70 percent of unaided students. A difference was also observed for high-merit students in very selective public institutions, where 97 percent of aided students returned, compared with 90 percent of unaided students. Due in part to small sample sizes and uniformly high retention rates, 1-year retention rate differences could not be detected for any merit group in very selective private not-for-profit institutions.8

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