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New research from the Federal Reserve Bank of Philadelphia analyzes the impact of a financial aid program offered by Rutgers University-Camden that grants mostly lower-income first-year undergraduate students from New Jersey a full or partial tuition discount after all need-based federal, state, and institutional grants are applied. The study says the program substantially boosted enrollment of lower-income New Jersey students at the university, with students reporting less financial stress, reduced reliance on student loan debt, and the ability to work fewer hours at jobs.