Study: Financial Aid Most Helpful To Students Unlikely To Succeed Without It

Sharon Rieger's picture

A first-of-its-kind study found that financial aid may be most helpful to the Wisconsin college students who are the least likely to otherwise succeed.

For the last three years, UW-Madison professors Sara Goldrick-Rab and Douglas Harris followed a group of students who received grant money from the Fund for Wisconsin Scholars program.

The program was created through a $175 million donation by John and Tashia Morgridge, providing a $3,500-a-year grant to some first-time, full-time students enrolled in the University of Wisconsin System.

In 2008, 600 students were chosen to receive the grant out of 3,000 eligible students. The students must be eligible for the federal Pell Grant. Pell Grants are awarded to a student based on his or her family’s income and assets, typically about $40,000 a year or less.

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