The impact of financial aid on student departure and graduation: propensity score matching

The purpose of the study was to evaluate the impact of the financial aid programme aimed at discounting tuition fees at one of Venezuela's first private universities on early and late student departure, both from the degree programme and the institution, as well as on graduation. The propensity...

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Bibliographic Details
Published in:Quality in higher education 2023-05, Vol.29 (2), p.227-241
Main Authors: Hernández-Medina, Patricia, Ramírez-Torres, Gabriel
Format: Article
Language:English
Subjects:
College graduates
College Students
Dropouts
Educational tests & measurements
Financial aid
Foreign Countries
graduation
Graduation Rate
impact evaluation
Private Colleges
Program Evaluation
propensity score matching
quality
Quality of education
Regression (Statistics)
School Holding Power
student departure
Student Financial Aid
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Summary:The purpose of the study was to evaluate the impact of the financial aid programme aimed at discounting tuition fees at one of Venezuela's first private universities on early and late student departure, both from the degree programme and the institution, as well as on graduation. The propensity score matching was used by calculating the average treatment effect estimator under parametric and non-parametric methodologies such as nearest neighbours, Kernel, or local linear regression. The results indicate that although there is evidence of the programme exerting a positive impact on early student departure to a greater extent (reductions between 8% and 15%), the impact tends to be considerably less when it comes to reducing late student departure (between 1% and 5%), and it had no impact on graduation.
ISSN:1353-8322
1470-1081
DOI:10.1080/13538322.2022.2054077