This paper examines the total, direct, and indirect effects of receiving any financial aid, as well as the amounts, types, and combinations of different types of financial aid received, on persistence to bachelor's degree completion among a subsample from the Beginning Postsecondary Student survey of 1989 freshmen. The analyses show that, although simply receiving financial aid is unrelated to persistence, the effects of financial aid on persistence appear to depend on the type and package of aid received.
Perna, Laura Walter
"The Contribution of Financial Aid to Undergraduate Persistence,"
Journal of Student Financial Aid: Vol. 28
, Article 2.
Available at: https://publications.nasfaa.org/jsfa/vol28/iss3/2