Despite having been the largest source of financial aid to low-income college students in the United States, the traditional Pell Grant had one major limitation: If students enrolled in two semesters full-time, they would not have had any tuition support for the summer term of the same academic year. The year-round Pell (YRP) was implemented in the academic years 2009–10 and 2010–11 to provide a second Pell Grant to students who enrolled in more than twenty-four credits prior to the third semester and in at least six credits during the summer term. Using a state administrative dataset from a community college system, this paper uses a difference-in-differences approach to examine the credit, credential completion, and labor market outcomes resulting from the YRP. The study finds that for each $1,000 of additional YRP grant funding, summer enrollment increases by 28 percentage points, diploma completion rates increase by 1.6 percentage points, and third-year earnings from college entry increase by $200. For YRP-eligible students who started in a short-term program, the gains are a 2 percentage point higher certificate attainment rate, 3.6 percentage point increase in associate degree completion, and no effect on four-year transfer rates.

中文翻译：

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暑假要放学吗？全年佩尔助学金对社区大学生学习和就业成果的影响

传统的佩尔助学金虽然是美国低收入大学生的最大经济资助来源，但其主要局限性在于：如果学生全日制学习两个学期，他们将不会在夏季获得任何学费支持同一学年的学期。全年Pell（YRP）于2009-10和2010-11学年实施，目的是向在第三学期之前修读超过24个学分并且在第二学期至少修读6个学分的学生提供第二个Pell助学金。夏季学期。利用社区大学系统中的州行政数据集，本文使用差异法检查了YRP产生的信用，凭证完成和劳动力市场成果。研究发现，每增加$ 1,000的YRP赠款，夏季入学率提高了28个百分点，文凭完成率提高了1.6个百分点，大学入学的第三年收入增加了200美元。对于参加短期计划的符合YRP资格的学生，其证书获得率提高了2个百分点，副学士学位完成率提高了3.6个百分点，并且对四年制转学率没有影响。