Do Additional Dollars Buy Engagement? Effects of Monetary Incentives on Attending Financial Aid Counseling for At-Risk Students

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The Wharton School::Wharton Pension Research Council::Wharton Pension Research Council Working Papers
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Discipline
Economics
Subject
financial literacy
Funder
TIAA Institute
Wharton School’s Pension Research Council/Boettner Center
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Copyright date
2024-04-01
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Author
Cox, James C.
Contributor
Kreisman, Daniel
Shore, Stephen
Abstract

During the COVID pandemic, many financially vulnerable students at Georgia State University (GSU) received money from the CARES Act Higher Education Emergency Relief Fund (HEERF). With this money depleted, GSU administrators were concerned that GSU HEERF recipients would be at risk of dropping out. They wanted these students to receive financial counseling advising students about their options to successfully fund their education. However, uptake for similar counseling had historically been low. In this context, GSU planned to email HEERF fund recipients inviting them to attend financial counseling.

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PRC WP2024-09
Publication date
2024-04-01
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Comments
The project described received funding from the TIAA Institute and Wharton School’s Pension Research Council/Boettner Center. The content is solely the responsibility of the author(s) and does not necessarily represent the official views of the TIAA Institute or Wharton School’s Pension Research Council/Boettner Center.
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