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Federal student aid and college pricing: Do Pell Grants supplement or supplant institutional grant aid?

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Free and open to the public. From the speaker's abstract: The federal Pell Grant Program provides billions of dollars in subsidies to low-income college students to increase affordability and access to higher education. In her recent research, Lesley Turner tests whether colleges respond to the Pell Grant program by altering institutional aid provided to Pell Grant recipients. Turner's findings show that, overall, 16 percent of all Pell Grant aid is passed-through to schools in the form of higher effective prices.

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