This study assesses the impact of cash transfers to lowincome female Thai students on improving upper secondary school outcomes, as measured by grade point average (GPA) and transition to tertiary education. Utilizing official records from a charity organization providing substantial cash transfers to secondary students and student records from participating schools, we find the transfers have no effect on improving recipients' GPAs compared to nonrecipients. However, the scholarship recipients are 22% more likely to transition to university education than nonrecipients and the presence of scholarship recipients in the classroom increases the likelihood of female nonrecipients to attend university.