This thesis will analyze the effect of the 2015 reform, which restructured the Dutch student financial aid structure, on students’ reported effort, motivation, and satisfaction. From September 2015...Show moreThis thesis will analyze the effect of the 2015 reform, which restructured the Dutch student financial aid structure, on students’ reported effort, motivation, and satisfaction. From September 2015 onwards, new Dutch students were not automatically eligible for a so-called basic grant. Instead, these students were now only able to loan this money. Prior research has shown how this has increased parental contributions to students and lowered student expenditure (Broeders, Been & Knoef, 2020). But since criticism in Dutch society rose due to unfulfilled promises of extra investments into the higher education system and reports stating that students are experiencing more stress due to stricter finances (NOS, 2019; ISO, 2019), it also seems appropriate to research if this reform affected students’ effort and motivation and satisfaction. The findings of this study are mainly in line with our expectations. This study finds that the 2015 reform positively affects reported effort and motivation. We also find a decrease in reported satisfaction, but this result is not statistically significant. The coefficients of the effects are small, and therefore there are no major effects visible on reported effort and motivation.Show less
