Mostly Positive Effects of a 'Last-Dollar' Scholarship

By Paul Fain. New research from the Federal Reserve Bank of Philadelphia analyzes the impact of a scholarship offered by Rutgers University-Camden. The Bridging the Gap scholarship is a "last-dollar" financial aid program that grants mostly lower-income first-year undergraduate students from New Jersey a full or partial tuition discount after all need-based federal, state and institutional grants are applied. More...