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Full-Text Articles in Education
Borrowing And Repaying Student Loans, Nicholas W. Hillman
Borrowing And Repaying Student Loans, Nicholas W. Hillman
Journal of Student Financial Aid
This essay synthesizes the most recent and rigorous research on student loan debt. It focuses on basic questions about who borrows, how much, and whether debt affects behaviors. Answers to these questions are necessary for informing federal student loan policymaking, yet the research findings are surprisingly mixed because of poor data quality, research design challenges, and the growing heterogeneity of borrowers. This ambiguity makes federal policymaking difficult when questions about the benefits and burdens of student loan debt are left unanswered. By synthesizing the current research, this essay helps answer some of these questions while calling attention to others.
Addressing Information Gaps: Disparities In Financial Awareness And Preparedness On The Road To College, Casey George-Jackson, Melanie Jones Gast
Addressing Information Gaps: Disparities In Financial Awareness And Preparedness On The Road To College, Casey George-Jackson, Melanie Jones Gast
Journal of Student Financial Aid
The rising cost of higher education and questions of affordability are concerns for many families in the United States, but particularly for those from traditionally underrepresented backgrounds. The knowledge of, information about, and perceptions related to how to pay for college can impact preparatory actions taken by families to prepare to pay for college. This commentary reviews literature published on pre-college financial awareness and preparation between 2000 and 2013 to examine what we know about the topic and to highlight existing disparities by race, ethnicity, and socioeconomic status. Implications are offered for programs and policies seeking to address these inequities, …