Document Tag: STEM

ABSTRACT
Increasing the number of science, technology, engineering, and mathematics (STEM) degrees is a national priority and one way to promote the socioeconomic mobility of students from low-income families. Prior research examining why students do not complete STEM majors often points to students’ lack of academic preparation, preferences for non-STEM majors, or lack of information about the value of STEM. This paper uses a randomized experiment to investigate an alternative explanation, that some students lack the financial resources to succeed in demanding majors. In a control group of university students from low-income families, 18.6% of students had declared a STEM major by their third year of college. In a treatment group who were offered additional need-based grant aid upon entering college, 26.5% of students declared a STEM major. Among students who had graduated within six years after entering college, 12.2% of control group graduates had earned a STEM degree compared to 20.2% of treatment group students. Need-based grants thus appear to have the potential to increase the share of low-income students studying and earning degrees in STEM.

This study investigates whether financial grants, allocated based on need rather than major, improves odds that economically vulnerable students will pursue science, technology, engineering, and/or mathematics (STEM) degrees. We implemented a privately-funded financial aid program in Wisconsin and conducted a randomized experiment of its effects for low and moderate-income students at 10 two-year and four-year colleges and universities. The additional financial support greatly increased the probability that students would persist in pursuing a STEM major and/or switch to a STEM major by the third year of school. However, it did not change the odds that students would remain enrolled. Implications for educational opportunity, practice, and policy are discussed.