A HOPE for Study Abroad: Evidence From Tennessee on the Impact of Merit-Aid Policy Adoption on Study Abroad Participation

Abstract

Two distinct literature bases exist documenting the benefits of study aboard participation and state-adopted merit-aid policies. However, few, to date, have estimated the impact of merit-aid adoption on study abroad participation. Results from our study demonstrate the potential positive externality merit-aid policy adoption has on study abroad participation. In addition, we find that increases in study abroad participation is concentrated primarily within public doctoral/research institutions and institutions with students from more affluent families.

Keywords

student financial aid merit-based aid educational policy

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