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Financial Aid Nudges: A National Experiment with Informational Interventions

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Title: Financial Aid Nudges: A National Experiment with Informational Interventions
Language: English
Authors: Page, Lindsay C. (ORCID 0000-0001-5932-6791), Sacerdote, Bruce I., Goldrick-Rab, Sara, Castleman, Benjamin L.
Source: Educational Evaluation and Policy Analysis. Jun 2023 45(2):195-219.
Availability: SAGE Publications. 2455 Teller Road, Thousand Oaks, CA 91320. Tel: 800-818-7243; Tel: 805-499-9774; Fax: 800-583-2665; e-mail: journals@sagepub.com; Web site: https://sagepub.com
Peer Reviewed: Y
Page Count: 25
Publication Date: 2023
Sponsoring Agency: Institute of Education Sciences (ED)
Contract Number: R305A160400
Document Type: Journal Articles
Reports - Research
Education Level: Higher Education
Postsecondary Education
Descriptors: College Applicants, Student Financial Aid, Financial Aid Applicants, Paying for College, Undergraduate Students, Intervention, Prompting, Computer Mediated Communication, Federal Aid, Academic Persistence, Graduation, Costs
DOI: 10.3102/01623737221111403
ISSN: 0162-3737
1935-1062
Abstract: Despite high prices, many college students do not re-file the Free Application for Federal Student Aid (FAFSA) or file late, making college less affordable. Low-cost technological interventions delivering personalized information and/or advising may improve refiling and academic outcomes, but questions remain regarding the efficacy of this approach at scale. This multi-pronged randomized experiment tested informational and framing text message interventions for a national sample of approximately 10,000 undergraduates. The text outreach caused earlier FAFSA re-filing for some students. However, gains in re-filing during the active intervention period were not sustained after the intervention concluded and did not translate into additional federal financial aid or improved postsecondary persistence or attainment. Implications for the scaling and targeting of nudging are discussed.
Abstractor: As Provided
IES Funded: Yes
Entry Date: 2023
Accession Number: EJ1375510
Database: ERIC
FullText Text:
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  Data: Financial Aid Nudges: A National Experiment with Informational Interventions
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  Data: <searchLink fieldCode="AR" term="%22Page%2C+Lindsay+C%2E%22">Page, Lindsay C.</searchLink> (ORCID <externalLink term="https://orcid.org/0000-0001-5932-6791">0000-0001-5932-6791</externalLink>)<br /><searchLink fieldCode="AR" term="%22Sacerdote%2C+Bruce+I%2E%22">Sacerdote, Bruce I.</searchLink><br /><searchLink fieldCode="AR" term="%22Goldrick-Rab%2C+Sara%22">Goldrick-Rab, Sara</searchLink><br /><searchLink fieldCode="AR" term="%22Castleman%2C+Benjamin+L%2E%22">Castleman, Benjamin L.</searchLink>
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  Data: <searchLink fieldCode="SO" term="%22Educational+Evaluation+and+Policy+Analysis%22"><i>Educational Evaluation and Policy Analysis</i></searchLink>. Jun 2023 45(2):195-219.
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  Data: SAGE Publications. 2455 Teller Road, Thousand Oaks, CA 91320. Tel: 800-818-7243; Tel: 805-499-9774; Fax: 800-583-2665; e-mail: journals@sagepub.com; Web site: https://sagepub.com
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  Data: 25
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  Data: 2023
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  Data: Institute of Education Sciences (ED)
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  Data: <searchLink fieldCode="EL" term="%22Higher+Education%22">Higher Education</searchLink><br /><searchLink fieldCode="EL" term="%22Postsecondary+Education%22">Postsecondary Education</searchLink>
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  Data: <searchLink fieldCode="DE" term="%22College+Applicants%22">College Applicants</searchLink><br /><searchLink fieldCode="DE" term="%22Student+Financial+Aid%22">Student Financial Aid</searchLink><br /><searchLink fieldCode="DE" term="%22Financial+Aid+Applicants%22">Financial Aid Applicants</searchLink><br /><searchLink fieldCode="DE" term="%22Paying+for+College%22">Paying for College</searchLink><br /><searchLink fieldCode="DE" term="%22Undergraduate+Students%22">Undergraduate Students</searchLink><br /><searchLink fieldCode="DE" term="%22Intervention%22">Intervention</searchLink><br /><searchLink fieldCode="DE" term="%22Prompting%22">Prompting</searchLink><br /><searchLink fieldCode="DE" term="%22Computer+Mediated+Communication%22">Computer Mediated Communication</searchLink><br /><searchLink fieldCode="DE" term="%22Federal+Aid%22">Federal Aid</searchLink><br /><searchLink fieldCode="DE" term="%22Academic+Persistence%22">Academic Persistence</searchLink><br /><searchLink fieldCode="DE" term="%22Graduation%22">Graduation</searchLink><br /><searchLink fieldCode="DE" term="%22Costs%22">Costs</searchLink>
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  Data: 10.3102/01623737221111403
– Name: ISSN
  Label: ISSN
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  Data: 0162-3737<br />1935-1062
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: Despite high prices, many college students do not re-file the Free Application for Federal Student Aid (FAFSA) or file late, making college less affordable. Low-cost technological interventions delivering personalized information and/or advising may improve refiling and academic outcomes, but questions remain regarding the efficacy of this approach at scale. This multi-pronged randomized experiment tested informational and framing text message interventions for a national sample of approximately 10,000 undergraduates. The text outreach caused earlier FAFSA re-filing for some students. However, gains in re-filing during the active intervention period were not sustained after the intervention concluded and did not translate into additional federal financial aid or improved postsecondary persistence or attainment. Implications for the scaling and targeting of nudging are discussed.
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  Data: 2023
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  Data: EJ1375510
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=eric&AN=EJ1375510
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        Value: 10.3102/01623737221111403
    Languages:
      – Text: English
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      Pagination:
        PageCount: 25
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      – SubjectFull: College Applicants
        Type: general
      – SubjectFull: Student Financial Aid
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      – SubjectFull: Financial Aid Applicants
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      – SubjectFull: Computer Mediated Communication
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      – SubjectFull: Federal Aid
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      – SubjectFull: Costs
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      – TitleFull: Financial Aid Nudges: A National Experiment with Informational Interventions
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