Is School is Out for the summer?

[Pages:45]COMMUNITY COLLEGE RESEARCH CENTER

Impact of Year-round Pell Grants / February 15, 2019 Feb 15, 2019

Is School is Out for the summer?

The Impact of Year-round Pell Grants on Academic and Employment Outcomes for Community college Students

Vivian Yuen Ting Liu

Post Doctoral Research Associate

CUNY Seminar Series February 15, 2019

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Overview

? The YRP ? Literature Review ? Conceptual Framework ? Method ? Data and summary statistics ? Results & Validity Checks ? Conclusion & Policy implication ? Q & A

Impact of Year-round Pell Grants / FebruFaerby 15, 2019

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COMMUNITY COLLEGE RESEARCH CENTER

Impact of Year-round Pell Grants / FebruFaerby 15, 2019

The Year-round Pell: What is it and Why?

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COMMUNITY COLLEGE RESEARCH CENTER

Impact of Year-round Pell Grants / February 15, 2019

Total Pell Expenditures (Billions) Number of Recipients (Millions)

$40

$36

$34

$34 $33

$31

$29 $27 $28

$20

$16 $17 $17 $16 $15 $17

$14 $11 3.9 4.3

4.8

5.1

5.3

5.2

5.2

5.5

6.2

8.1

9.3

9.4

9.0

8.7

8.3

7.7

7.2

7.0

Source: U.S. Department of Education, Federal Pell Grant Program End-of-Year Report, 1977-78 through 2016-17; U.S. Department of

Education, Federal Student Aid Data Center, Title IV Program Volume Reports and Aid Recipients Summary; calculations by the authors. 5

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Impact of Year-round Pell Grants / February 15, 2019

The Pell Grant

? Pell ? Potential limitations

? No support for summer enrollment for full time students ? Disproportionally affects the highest need students

? 1st round of Year-round Pell (YRP) ? 2009-10 and 2010-11 ? Goal: degree acceleration ? Eligibility: Already enrolled for 24 credits and 6 credits in the YRP award term

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Impact of Year-round Pell Grants / February 15, 2019

The Year-round Pell Grant

? Implementation ? Delay implementation

? Signed into law in 08 and established final regulation by 09

? Total award for the year up to 200% of schedule grant ? Estimated 1.2 million individuals benefited ($1,700 on average) ? Cost: $2 billion, 6% of the total Pell Grant disbursement in the AY 09-10

? Elimination ? July 1, 2011 ? "lack of evidence" of its effectiveness and the cost was twice as expected ? Meet the $11.2 billion funding shortage in the Pell program

? $18.2 billion to $35.6 billion between 08-09 and 10-11

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COMMUNITY COLLEGE RESEARCH CENTER

Impact of Year-round Pell Grants / February 15, 2019

Total Pell Expenditures (Billions) Number of Recipients (Millions)

$40

$36

$34

$34 $33

YRP 2nd

$31

$29 $27 $28

YRP 1st

$20

$16 $17 $17 $16 $15 $17

$14 $11 3.9 4.3

4.8

5.1

5.3

5.2

5.2

5.5

6.2

8.1

9.3

9.4

9.0

8.7

8.3

7.7

7.2

7.0

Source: U.S. Department of Education, Federal Pell Grant Program End-of-Year Report, 1977-78 through 2016-17; U.S. Department of

Education, Federal Student Aid Data Center, Title IV Program Volume Reports and Aid Recipients Summary; calculations by the authors. 12

COMMUNITY COLLEGE RESEARCH CENTER

Impact of Year-round Pell Grants / February 15, 2019

The Year-round Pell Grant (old & new)

? Reinstatement the YRP ? Effective 2017-2018 award year ? Up to 150% of schedule Pell grant

Yearly award

Eligibility: Credits requirement

Eligibility: Credits requirement for award term

Old (2009-2012)

New (2017+)

200%

150%

24 or FTE equivalent None enrolled by the award term

6 credits or ? time 6 credits or ? time

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