Susan DeAngelis


The 1993 National Postsecondary Student Aid Study {NPSAS:93) was used to develop a new logical model of graduate and professional student within-year persistence. Using this model, three alternative models for examining the impact of financial aid on the probability of within-year persistence of graduate and professional students were compared. This article describes conclusions drawn from the research: 1) the receipt of financial aid significantly and positively influences within-year persistence; 2) comprehensive financial aid packages, including grants, loans, and assistantships, have the greatest influence in promoting persistence; 3) long-term investment in graduate and professional education may be more important in promoting persistence than sticker price; and 4) financial aid appears to be effective in meeting the financial demands of graduate and professional education. This research was supported by a grant from the American Educational Research Association which received funds for its "AERA Grants Program" from the National Science Foundation (NSF) and the National Center for Educational Statistics (U.S. Department of Education) under NSF Grant #RED-9452861; the National Association of Student Financial Aid Administrators; and the American Association of Dental Schools. Opinions reflect those of the author and do not necessarily reflect those of the granting agencies.