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An Economic Analysis Of Student Loan Default, Arianna Castonguay
An Economic Analysis Of Student Loan Default, Arianna Castonguay
Electronic Theses and Dissertations
Cumulative student loan debt in the United States has now surpassed $1.5 trillion. Moreover, since the turn of the century, cohort default rates of these loans have steadily risen across all types of institutions. The latest data from the U.S. Department of Education shows 10.8 percent of borrowers who entered repayment in fiscal year 2015 have defaulted within three years. In turn, the first chapter of this paper summarizes student loan policies as well as trends in debt and default. Furthermore, it highlights the consequences of high student debt and default for individual borrowers and the economy. Results show evidence …
Background Report On College Affordability In Maine, Philip A. Trostel
Background Report On College Affordability In Maine, Philip A. Trostel
Economic Development
The National Center for Public Policy and Higher Education gave Maine an “F” grade for affordability of higher education in both Measuring Up 2000 and Measuring Up 2002. In the 2000 report, Maine’s affordability score (54 on a 100-point scale) was 3rd worst in the nation (ahead of RI and NH). In the 2002 report, Maine’s affordability score (56) was in a three-way tie (with NY and VT) for 7th worst in the country (ahead of NH, RI, MT, OR, DE, OH). Although there are legitimate criticisms of the methodology for constructing these scores, it seems pretty clear that college …