In this article, we investigate the schooling and labor market impacts of Bolivia's Bono Juancito Pinto (BJP), a cash transfer program launched by the Bolivian government with the explicit objective of improving enrollment, retention, and completion rates of pupils in public schools. Unlike other cash transfer programs in Latin America, BJP does not follow a strict poverty‐targeting mechanism; instead, it is nearly universal in its coverage, as it covers 90 percent of school‐age children who are enrolled in public schools.