Informing Students about Financial Aid Eligibility and College Enrollment: Evidence from UTSA’s Bold Promise Program

Last registered on October 23, 2025

Pre-Trial

Trial Information

General Information

Title
Informing Students about Financial Aid Eligibility and College Enrollment: Evidence from UTSA’s Bold Promise Program
RCT ID
AEARCTR-0017019
Initial registration date
October 20, 2025

Initial registration date is when the trial was registered.

It corresponds to when the registration was submitted to the Registry to be reviewed for publication.

First published
October 23, 2025, 7:09 AM EDT

First published corresponds to when the trial was first made public on the Registry after being reviewed.

Locations

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Primary Investigator

Affiliation
University of Texas at Austin

Other Primary Investigator(s)

PI Affiliation
University of Texas at Austin
PI Affiliation
Boston College
PI Affiliation
University of Oregon

Additional Trial Information

Status
On going
Start date
2025-07-01
End date
2026-12-31
Secondary IDs
Prior work
This trial does not extend or rely on any prior RCTs.
Abstract
This study evaluates whether informing students about their eligibility for need-based financial aid influences their college enrollment and matriculation decisions. In partnership with the University of Texas at San Antonio (UTSA) and the San Antonio Independent School District (SAISD), the research team will conduct a randomized controlled trial to measure the causal impact of sending informational letters to students about the Bold Promise program, a tuition assistance initiative that covers tuition and fees for eligible Texas residents from families earning under $100,000 per year.

The study sample consists of San Antonio ISD high school students who have already applied to UTSA, are in the top 25% of their class, and are identified as having financial need based on eligibility for free or reduced-price lunch (FRPL). Half of these students will be randomly assigned to receive a letter (via mail or email) informing them that they are likely eligible for the Bold Promise program and explaining how the program works. The other half will receive no additional communication beyond UTSA’s standard outreach. The intervention does not alter students’ actual eligibility or award status; it merely provides information.

The experiment will estimate the intent-to-treat effect of receiving this informational letter on students’ college enrollment and matriculation at UTSA. Secondary analyses will examine impacts on FAFSA completion, financial aid receipt, and enrollment timing. Results will inform how proactive communication about aid eligibility can improve access to higher education for low-income, high-achieving students.
External Link(s)

Registration Citation

Citation
Barash, Jori et al. 2025. "Informing Students about Financial Aid Eligibility and College Enrollment: Evidence from UTSA’s Bold Promise Program." AEA RCT Registry. October 23. https://doi.org/10.1257/rct.17019-1.0
Sponsors & Partners

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Experimental Details

Interventions

Intervention(s)
The experiment uses a student-level randomized controlled trial. Eligible students are those from San Antonio ISD high schools who
(1) have applied to UTSA,
(2) are in the top 25% of their graduating class, and
(3) are identified as having financial need based on free or reduced-price lunch (FRPL) eligibility.

Students will be randomly assigned (50/50) to treatment or control conditions.

Treatment group: Receives an informational letter in English and Spanish stating that, based on UTSA’s records, they are likely eligible for the Bold Promise program, including a brief explanation of the program and a link to UTSA’s financial aid website.

Control group: Receives standard UTSA communications without the additional message about Bold Promise eligibility.

The intervention is purely informational and does not alter students’ actual eligibility or aid packages. The primary analysis will estimate intent-to-treat effects on enrollment and matriculation outcomes using logistic and linear probability models, with robustness checks for school and demographic covariates.
Intervention Start Date
2025-10-20
Intervention End Date
2026-10-01

Primary Outcomes

Primary Outcomes (end points)
Enrollment and matriculation at UTSA for the 2025–26 academic year,
Primary Outcomes (explanation)

Secondary Outcomes

Secondary Outcomes (end points)
Enrollment in other schools, FAFSA completion, Receipt of Bold Promise or other financial aid
Secondary Outcomes (explanation)

Experimental Design

Experimental Design
The experiment uses a student-level randomized controlled trial. Eligible students are those from San Antonio ISD high schools who
(1) have applied to UTSA,
(2) are in the top 25% of their graduating class, and
(3) are identified as having financial need based on free or reduced-price lunch (FRPL) eligibility.

The students will be randomly assigned (50/50) to treatment or control conditions.

Treatment group: Receives an informational letter in English and Spanish stating that, based on UTSA’s records, they are likely eligible for the Bold Promise program, including a brief explanation of the program and a link to UTSA’s financial aid website.

Control group: Receives standard UTSA communications without the additional message about Bold Promise eligibility.

The intervention is purely informational and does not alter students’ actual eligibility or aid packages. The primary analysis will estimate intent-to-treat effects on enrollment and matriculation outcomes using logistic and linear probability models, with robustness checks for school and demographic covariates.
Experimental Design Details
Not available
Randomization Method
Randomization done by the researchers using statistical packages
Randomization Unit
individual-level randomization
Was the treatment clustered?
No

Experiment Characteristics

Sample size: planned number of clusters
~15 public schools in the San Antonio ISD
Sample size: planned number of observations
~230 students
Sample size (or number of clusters) by treatment arms
~115 students in each of the treatment and control groups
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
IRB

Institutional Review Boards (IRBs)

IRB Name
University of Texas at Austin
IRB Approval Date
2023-07-24
IRB Approval Number
STUDY00004129