@TechReport{iza:izadps:dp4362,
            	author={Waddell, Glen R. and Singell, Larry D.},
            	title={Do No-Loan Policies Change the Matriculation Patterns of Low-Income Students?},
            	year={2009},
	month={Aug},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={4362},
            	url={https://www.iza.org/publications/dp4362},
	abstract={We empirically examine whether there is discernable variation in the matriculation patterns of low-income students at public flagship institutions in the United States around changes in institutional financial-aid policies that target resident, low-income students with need-based aid. While enrollment responses cannot be attributed to these programs, we do find that institutions that introduce income-targeted aid subsequently enroll financially needier and geographically more-distant students. These findings imply that "improved" access may actually displace some needy students in favor of others.},
	keywords={low income;financial aid;no loan;Pell},
            }