Papers and Proceedings
ISSN 2574-0768 (Print) | ISSN 2574-0776 (Online)
Targeting Social Assistance: The Evolution of College Financial Aid in Colombia
Papers and Proceedings
vol. 115,
May 2025
(pp. 340–44)
Abstract
College financial aid programs often target individuals based on a combination of academic merit and socioeconomic status. The design of these programs can also be influenced by social preferences and political factors. This paper analyzes the evolution of Colombia's flagship program, Ser Pilo Paga, later renamed Generacion E-Excelencia. It examines how the national government initially designed the program based on social objectives and budget constraints and subsequently modified it in response to student behavior, political pressures, and shifting priorities. Finally, the paper briefly discusses how these design changes might affect the program's impact on equity and efficiency.Citation
Londoño- Vélez, Juliana, Catherine Rodríguez, Fabio Sánchez, and Luis Esteban Álvarez- Arango. 2025. "Targeting Social Assistance: The Evolution of College Financial Aid in Colombia." Papers and Proceedings 115: 340–44. DOI: 10.1257/pandp.20251062Additional Materials
JEL Classification
- D72 Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- H23 Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
- H52 National Government Expenditures and Education
- I22 Educational Finance; Financial Aid
- I23 Higher Education; Research Institutions
- I28 Education: Government Policy
- O15 Economic Development: Human Resources; Human Development; Income Distribution; Migration