For the Weekend: Stephen Vincent Benet: The Devil and Daniel Webster II

Should-Read: Jeffrey T. Denning: Born Under a Lucky Star: Financial Aid, College Completion, Labor Supply, and Credit Constraints: "Financial aid... effects on graduation can be driven either by marginal students induced to enroll by financial aid..."

...or by inframarginal students who would have enrolled anyway but received additional financial aid. This paper identifies the effect of financial aid on inframarginal students... by examining a change in financial aid that did not change enrollment. I find that additional financial aid accelerates graduation for university seniors and increases persistence for sophomores and juniors... positively affect[s] educational outcomes...