This paper exploits uniquely detailed data and cross-institution variation in aid for three large public universities to identify the effects of aid on the probability of college graduation. The results indicate that need-based and merit-based aid both increase graduation rates at large public...

A university education should enable and improve students' cognitive abilities. An effective curriculum can help achieve this objective. Teaching that economics is more than just neoclassicism, for example, could aid the transition to higher stages of cognition. That said, even erstwhile...