"A new study being released today examines the impact that a government's significant infusion of need-based aid had on college enrollment, persistence and graduation of citizens from low-income families. It suggests that the money bolstered access to college and improved students' persistence, but did not increase the proportion of students who graduated within four years," Inside Higher Ed reports. "The study, released by the Measuring the Effectiveness of Student Aid Project, focuses not on the United States but on Canada's Quebec province, which drastically revamped its financial aid formulas in 2001-2 so that students from low-income families were required to contribute less to their educations and eligible in turn for significantly more grant aid in place of loan funds."