Initial Evaluation of Indiana Financial Aid Reforms Finds Positive Effect of Incentives to Complete 30 Credit Hours
The Indiana Commission for Higher Education hired Postsecondary Analytics to evaluate the effect of reforms to the state’s primary financial aid programs. The reforms, implemented in 2013, required students to complete 30 credit hours per year to receive the maximum award, with reduced aid levels for students who completed 24 hours. Using a quasi-experimental “difference-in-differences” approach, …