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- Financial aid (8)
- Student loans (5)
- Student debt (4)
- Cohort default rates (2)
- Degree completion (2)
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- Institutional aid (2)
- Loan burden (2)
- Low-income students (2)
- 1992). (1)
- 1999). • Hispanic Serving Institution: The Higher Education Act (1)
- 20 USCA Section 1101a defines a Hispanic-serving institution as an institution of higher education that (a) is an eligible institution; (b) at the time of application (1)
- 2017). • Threshold of Debt: Represents the increasing amount of cumulative loan amounts which are categorized into three levels of debt: low debt (1)
- ADA (1)
- Accountability (1)
- Black students (1)
- Book review (1)
- CSS PROFILE (1)
- Characteristics of student loan default (1)
- College access (1)
- College affordability (1)
- College costs (1)
- College enrollment (1)
- College financial aid (1)
- College scholarship (1)
- Community colleges (1)
- Cost of attendance (1)
- Credit bureau data (1)
- Critical Race Theory (1)
- Delinquencies (1)
- Difference-in-difference (1)
Articles 1 - 29 of 29
Full-Text Articles in Higher Education
Institutional And State-Level Factors Related To Paying Back Student Loan Debt Among Public, Private, And For-Profit Colleges, Amy Y. Li, Robert Kelchen
Institutional And State-Level Factors Related To Paying Back Student Loan Debt Among Public, Private, And For-Profit Colleges, Amy Y. Li, Robert Kelchen
Journal of Student Financial Aid
In this study, we examine whether institutional-level characteristics, student demographics, and state conditions are associated with student loan repayment rates and cohort-level loan default rates. We separately explore these characteristics for each of four higher education sectors: public 2-year colleges, for-profit colleges, public 4-year colleges, and private 4-year colleges. We conduct a series of multiple linear regressions on a sample of 2,375 colleges. Estimates suggest that across all sectors except at for-profits, colleges enrolling a higher percentage of historically underrepresented students, including first-generation and African American/Black students, report lower repayment rates. Additionally, a higher percentage of students enrolled who file …
The Influence Of Stafford Load Debtload On Persistence Among Historically Underserved Populations At A Hispanic Serving Institution, Mari Ysela Noopila, Henrietta Williams Pichon
The Influence Of Stafford Load Debtload On Persistence Among Historically Underserved Populations At A Hispanic Serving Institution, Mari Ysela Noopila, Henrietta Williams Pichon
Journal of Student Financial Aid
This study presents a mixed methods explanatory analysis of the influence of Stafford loan debtload on persistence among underserved populations attending a Hispanic Serving Institution in the Southwest of the United States. Using data from cohort 2010, fall to fall persistence was examined to assess if debtload was related to persistence for all full-time, first-time undergraduate students based on demographic characteristics. Additionally, in-depth interviews were conducted on undergraduate students during fall 2017 to gain a better understanding of their experiences with debtload and if it played into their persistence decisions. Results of the study revealed statistically significant relationships between debtload …
Start To Finish: Examining The Impact Of The El Dorado Promise Program On Postsecondary Outcomes, Elise Swanson, Gary Ritter
Start To Finish: Examining The Impact Of The El Dorado Promise Program On Postsecondary Outcomes, Elise Swanson, Gary Ritter
Journal of Student Financial Aid
The El Dorado Promise program is a universal, first dollar Promise program that guarantees a full tuition scholarship to students who attend the El Dorado School District from grades K-12, and a partial scholarship for those enrolled for at least 9th through 12th grade. We use a difference-in-differences framework to examine the impact of the El Dorado Promise program on college enrollment and bachelor’s degree completion. We find that, overall, the Promise was associated with a 14.0 percentage point increase in postsecondary enrollment, no change in associate’s degree completion, and an 8.8 percentage point increase in bachelor’s degree …
Study Abroad For Low-Income Students: The Relationship Between Need-Based Grant Aid And Access To Education Abroad, Melissa Whatley, Ashley B. Clayton
Study Abroad For Low-Income Students: The Relationship Between Need-Based Grant Aid And Access To Education Abroad, Melissa Whatley, Ashley B. Clayton
Journal of Student Financial Aid
This study explores factors related to low-income students’ decisions to participate in study abroad while focusing specifically on the role of need-based grant aid in this decision-making process. Estimates account for systematic differences between students receiving and not receiving need-based grant aid using propensity score modeling (PSM) before disaggregating models by need-based grant aid status. Results indicate that need-based grant aid significantly increases a student’s probability of participating in study abroad. Additionally, disaggregated models show that the study abroad decisions of students receiving need-based grant aid differ significantly from those not receiving this aid, particularly when considering other forms of …
Clicking In The Dark: Are Student Financial Aid Websites Accessible For Students With Disabilities?, Zachary W. Taylor
Clicking In The Dark: Are Student Financial Aid Websites Accessible For Students With Disabilities?, Zachary W. Taylor
Journal of Student Financial Aid
The United States (U.S.) Access Board, a branch of the federal government responsible for advancing the inclusion of people with disabilities into U.S. society, recently amended Section 508 of the Americans with Disabilities Act (ADA). On January 18th, 2018, the final Section 508 amendment required all Title IV institutions of higher education in the United States to conform to Web Content Accessibility Guidelines 2.0 (WCAG) at the Level-A and Level-AA thresholds. As students with disabilities are often minoritized from the U.S. higher education system, this study explored the web accessibility of institutional .edu financial aid websites (n=450) to learn if …
Experiencing Financial Aid At A Historically White Institution: A Critical Race Analysis, Liane I. Hypolite, Antar A. Tichavakunda
Experiencing Financial Aid At A Historically White Institution: A Critical Race Analysis, Liane I. Hypolite, Antar A. Tichavakunda
Journal of Student Financial Aid
While scholars have looked at the intersection of financial aid and various identities, little work has examined how, if at all, race and racism are imbued into financial aid in higher education using qualitative inquiry. This paper begins that work by using a Critical Race Theory lens to analyze how, in the seemingly colorblind structure and process of financial aid, race matters. Using interview data collected from 35 Black juniors and seniors at a selective, historically White institution (HWI), the authors examine how race has informed students’ perceptions of themselves, their families, and their futures through their experiences with financial …
Do High Cohort Default Rates Affect Student Living Allowances And Debt Burdens? An Empirical Analysis, Robert Kelchen
Do High Cohort Default Rates Affect Student Living Allowances And Debt Burdens? An Empirical Analysis, Robert Kelchen
Journal of Student Financial Aid
The federal government holds colleges accountable for their students’ cohort default rates (CDRs), with colleges facing the potential loss of all federal financial aid dollars if their CDRs are too high for three consecutive years. Yet a sizable portion of student borrowing is for non-tuition living expenses—funds that the college does not get to keep. In this paper, I examine whether colleges at risk of federal sanctions due to high CDRs respond by reducing living allowances in an effort to limit borrowing and if student debt burdens decrease after a college receives a high default rate. Using data from public …
Social Dimensions Of Student Debt: A Data Mining Analysis, Dirk Witteveen, Paul Attewell
Social Dimensions Of Student Debt: A Data Mining Analysis, Dirk Witteveen, Paul Attewell
Journal of Student Financial Aid
Media commentary on undergraduates' loan debt portrays a crisis in which many students are unable to pay back their loans, having borrowed large sums and lacking sufficient post-college income to repay. Several scholars have questioned the media accounts, noting that indebtedness is highest among students from high income families, while defaults predominate among low debt students. Using a data mining technique known as CART, we analyze national data on the indebtedness of recent baccalaureate graduates, to uncover combinations of social characteristics that are associated with loan pressure: the ratio of indebtedness to post-college earnings. We find that students from lower …
Achieving The Promise Of Educational Opportunity: Graduate Student Debt For Stem Vs. Non-Stem Students, 2012, Rachel Burns, Karen L. Webber
Achieving The Promise Of Educational Opportunity: Graduate Student Debt For Stem Vs. Non-Stem Students, 2012, Rachel Burns, Karen L. Webber
Journal of Student Financial Aid
Using NPSAS 2012 data, this study examines graduate student debt for STEM versus non-STEM students who were enrolled in a master’s or doctoral degree program in 2012. Findings showed significantly higher debt for those in non-STEM programs as well as differences by amount of undergraduate debt, race, and full- or part-time enrollment status. These differences may encourage more STEM participation, but may restrict some students from enrolling in graduate-level programs, particularly in non-STEM fields. The loss of a new generation of citizens with graduate level training may affect our national economy and productivity, and urges institution officials to consider means …
Take It, Or Leave It? Analyzing How Unsubsidized Federal Loans Affect Six-Year Degree Attainment Across Income Groups, Ray Franke
Journal of Student Financial Aid
This study examined the effects of unsubsidized federal Stafford loans on six-year degree attainment at 4-year colleges and universities in the U.S., and how these differentially impact students across income groups. For this, nationally representative data from the Beginning Postsecondary Students (BPS:04/09) and the Integrated Postsecondary Education Data System (IPEDS) was merged to analyze N=6,561 students attending n=651 four-year institutions. To account for possible selection bias in loan borrowing and the nested data structure, this study employs a propensity score matching, multilevel modeling approach. In addition to financial aid measures, the analytic model draws from the heterogeneous research approach and …
A Case Study Of Undergraduate Debt, Repayment Plans, And Postbaccalaureate Decision-Making Among Black Students At Hbcus, Dominique J. Baker
A Case Study Of Undergraduate Debt, Repayment Plans, And Postbaccalaureate Decision-Making Among Black Students At Hbcus, Dominique J. Baker
Journal of Student Financial Aid
High payments and default on undergraduate debt have consequences; they are of national concern if aversion to debt deters students from making optimal postbaccalaureate decisions on postbaccalaureate educational aspirations, enrollment, and early-career occupation. I conducted two semi-structured interviews, near graduation and six months later, with six recent graduates of an HBCU who borrowed at some point in their undergraduate career and were required to complete federal exit counseling. I found that the relationship between undergraduate debt and postbaccalaureate decision-making is partially explained by the themes of timing and structure of information, family as a source of knowledge, comfort with the …
Changes In Hbcu Financial Aid And Student Enrollment After The Tightening Of Plus Credit Standards, Matthew T. Johnson, Julie Bruch, Brian Gill
Changes In Hbcu Financial Aid And Student Enrollment After The Tightening Of Plus Credit Standards, Matthew T. Johnson, Julie Bruch, Brian Gill
Journal of Student Financial Aid
We analyze changes in financial aid and student enrollment at historically Black colleges and universities (HBCUs) that occurred after the U.S. Department of Education increased the credit history requirements necessary to obtain Parent Loans for Undergraduate Students (PLUS). We use institution-level data to examine financial aid and enrollment changes in the first two academic years affected by the new credit standards (2012-13 and 2013-14). The results show that PLUS loans declined substantially at HBCUs in 2012-13, and the decreases were not fully replaced by other types of federal financial aid. HBCUs also experienced larger declines in enrollment than other institutions …
Institutional Variation In Enrollment Of Low-Income Students, James Monks
Institutional Variation In Enrollment Of Low-Income Students, James Monks
Journal of Student Financial Aid
Socioeconomic diversity in tertiary education has come under heightened scrutiny in the past few years. This paper estimates the relationship between prices (both sticker price and net price), financial aid policies, and selectivity on the variation of low-income students across postsecondary institutions. All three factors are significant in identifying variation across postsecondary institutions in the representation of Pell Grant recipients as a percentage of an institution’s entering class. A focus on net price alone ignores the correlation between sticker price, selectivity, and financial aid policies on low-income students’ enrollment outcomes.
The Importance Of Partnerships In State Financial Aid Research, Sarah Pingel, Dustin Weeden
The Importance Of Partnerships In State Financial Aid Research, Sarah Pingel, Dustin Weeden
Journal of Student Financial Aid
In this essay, we explore the importance of state financial aid programs for both states and the students they serve. Effective state financial aid policy benefits from rigorous research that engages partners from a variety of roles, such as state agencies, legislative staff, and intermediary organizations. It also benefits from the engagement of financial aid professionals. This essay supports the key role played by each of these stakeholders in the execution and dissemination of research projects related to state aid programs.
Nudging Students Beyond The Fafsa: The Impact Of University Outreach On Financial Aid Behaviors And Outcomes, Benjamin L. Castleman, Katharine E. Meyer, Zachary Sullivan, William D. Hartog, Scott Miller
Nudging Students Beyond The Fafsa: The Impact Of University Outreach On Financial Aid Behaviors And Outcomes, Benjamin L. Castleman, Katharine E. Meyer, Zachary Sullivan, William D. Hartog, Scott Miller
Journal of Student Financial Aid
A growing body of research indicates that proactive outreach from high schools and college access organizations about college preparation tasks, and specifically focusing on completing the Free Application for Federal Student Aid (FAFSA), results in increased college enrollment. Comparatively less attention has been paid to the role of colleges and universities in this outreach and outreach relating to additional financial aid barriers that students face while applying to college, such as the CSS PROFILE form. In this article we investigated, through an inter-university collaboration, the effect of sending targeted, semi-personalized text messages to students during the college application process about …
Federal Pell Grant Eligibility And Receipt: Explaining Nonreceipt And Changes To Efc Using National And Institutional Data, Brent J. Evans, Tuan D. Nguyen, Brent B. Tener, Chanell L. Thomas
Federal Pell Grant Eligibility And Receipt: Explaining Nonreceipt And Changes To Efc Using National And Institutional Data, Brent J. Evans, Tuan D. Nguyen, Brent B. Tener, Chanell L. Thomas
Journal of Student Financial Aid
In examining national data on Federal Pell Grant eligibility in the National Postsecondary Student Aid Study (NPSAS), we were puzzled to discover that many students who appear to have eligible Expected Family Contributions (EFCs) do not receive the award. We use institutional data from a large public university to understand and enumerate changes from initial Free Application for Student Financial Aid (FAFSA) EFC to final Pell Grant EFC and explore why EFC changes occur. We determine that the nonreceipt of Pell Grant observed in NPSAS is likely due to NPSAS not reporting final Pell Grant EFCs. We examine how the …
Arizona Uncertainty: Arbitrary Barriers In Accessing Institutional Need-Based Financial Aid, Dee Hill-Zuganelli, Nolan L. Cabrera, Jeffrey F. Milem
Arizona Uncertainty: Arbitrary Barriers In Accessing Institutional Need-Based Financial Aid, Dee Hill-Zuganelli, Nolan L. Cabrera, Jeffrey F. Milem
Journal of Student Financial Aid
Established in 2008, the Arizona Assurance Scholars Program (AASP) channeled institutional need-based aid to in-state, low-income students. Rapidly growing costs prompted three changes to the AASP eligibility requirements in 2011. We examined how these new requirements—a 3.0 or higher high school grade point average and the submission of the Free Application of Federal Student Aid (FAFSA) and admission paperwork by March 1—would affect the gender, racial, and socioeconomic composition of the program’s first three cohorts if they were in effect. Results revealed disproportionate impacts on racial and ethnic minorities and widened gender gaps. Male, Latina/o, and Native American students would …
The Impact Of Employer-Sponsored Educational Assistance Benefits On Community College Student Outcomes, Henry Tran, Douglas Smith
The Impact Of Employer-Sponsored Educational Assistance Benefits On Community College Student Outcomes, Henry Tran, Douglas Smith
Journal of Student Financial Aid
Studies of community college finance often focus on revenue sources from the state and local government, private foundations, and tuition. While these resources are important, an often-neglected source of revenue is employer-sponsored educational assistance benefits for students. Given the dearth of literature on the benefits of this funding source, especially for community college students, our study shines light on the topic. Specifically, this study reports on the impacts of Section 127 of the Internal Revenue Code, employer-sponsored educational assistance benefits, on degree-seeking public community college student outcomes based on a propensity score matching analytic strategy. Our results suggest that the …
The Distributional And Cost Implications Of Negative Expected Family Contributions, Robert Kelchen
The Distributional And Cost Implications Of Negative Expected Family Contributions, Robert Kelchen
Journal of Student Financial Aid
Eligibility for many federal, state, and institutional financial aid programs is determined by the expected family contribution (EFC) from the Free Application for Federal Student Aid (FAFSA), which functions as a tool to ration scarce aid dollars. The lowest possible EFC under current rules is zero, but this obscures a wider distribution of family resources that would be partially uncovered if the EFC formula were not truncated at zero and negative values were allowed. In this paper, I estimate negative EFCs using student-level data from nine colleges and universities between the 2007-08 and 2011-12 academic year. I find a large …
Which U.S. Households Use Education Loans?, Chungwen Hsu, Patti J. Fisher
Which U.S. Households Use Education Loans?, Chungwen Hsu, Patti J. Fisher
Journal of Student Financial Aid
This empirical study uses the 2013 Survey of Consumer Finances (SCF) to investigate the characteristics of households that hold at least one loan for educational expenses. The benefit of using household-level data is that a single household may have education loans for multiple people in the household, including the household head, spouse/partner, and children. In studies of the education loan debt of individuals, the true effect on households may be overlooked. The present results show that the respondent’s age, respondent’s marital status, having at least one dependent child under the age of 18, net worth, home ownership, stock ownership, being …
A Trillion-Dollar Question: What Predicts Student Loan Delinquencies?, Alvaro Mezza, Kamila Sommer
A Trillion-Dollar Question: What Predicts Student Loan Delinquencies?, Alvaro Mezza, Kamila Sommer
Journal of Student Financial Aid
The recent significant increase in student loan delinquencies has generated interest in understanding the key factors predicting the non-performance of these loans. However, despite the large size of the student loan market, existing analyses have been limited by lack of data. This paper studies predictors of student loan delinquencies using a nationally representative panel data set that anonymously combines individual credit bureau records with Federal Pell Grant and federal student loan recipient information, records on college enrollment, graduation and major, and school characteristics. We show that borrower-level credit characteristics are important predictors of student loan delinquencies. In particular, credit scores …
In The Right Ballpark? Assessing The Accuracy Of Net Price Calculators, Aaron M. Anthony, Lindsay C. Page, Abigail Seldin
In The Right Ballpark? Assessing The Accuracy Of Net Price Calculators, Aaron M. Anthony, Lindsay C. Page, Abigail Seldin
Journal of Student Financial Aid
Large differences often exist between a college’s sticker price and net price after accounting for financial aid. Net price calculators (NPCs) were designed to help students more accurately estimate their actual costs to attend a given college. This study assesses the accuracy of information provided by net price calculators. Specifically, we compare NPC estimates of financial aid to actual aid packages for a sample of low-income, first-time college students at seven postsecondary institutions which all utilize the federal template NPC. We find that NPC estimates of grant aid correlate highly with actual grant aid on average, but variation in individual …
Does Federal Financial Aid Policy Influence The Institutional Aid Policies Of Four-Year Colleges And Universities? An Exploratory Analysis, Don Hossler, Jihye Kwon
Does Federal Financial Aid Policy Influence The Institutional Aid Policies Of Four-Year Colleges And Universities? An Exploratory Analysis, Don Hossler, Jihye Kwon
Journal of Student Financial Aid
There is a dearth of empirical work that examines the relationships between federal financial aid policy and institutional financial aid priorities and expenditures. This study uses Resource Dependency Theory to explore whether changes the amount of financial aid awarded by colleges and universities during the last fifty years are best explained by changes in federal financial aid policy or by demographic and economic shifts. The results suggest that shifts in federal financial aid policy and in the economy have influenced the amount of institutional financial aid, but indicate that more research is needed on this important topic.
Using A Merit-Based Scholarship Program To Increase Rates Of College Enrollment In An Urban School District: The Case Of The Pittsburgh Promise, Robert Bozick, Gabriella Gonzalez, John Engberg
Using A Merit-Based Scholarship Program To Increase Rates Of College Enrollment In An Urban School District: The Case Of The Pittsburgh Promise, Robert Bozick, Gabriella Gonzalez, John Engberg
Journal of Student Financial Aid
The Pittsburgh Promise is a scholarship program that provides $5,000 per year toward college tuition for public high school graduates in Pittsburgh, Pennsylvania who earned a 2.5 GPA and a 90% attendance record. This study used a difference-in-difference design to assess whether the introduction of the Promise scholarship program directly influenced changes in rates of college enrollment among students graduating from Pittsburgh public high schools in years immediately following the launch of the program. Becker’s (1964) standard human capital investment model, which predicts that youth make cost-benefit calculations to guide their college enrollment decisions, provides the framework for the analysis. …
Non-Borrowing Students’ Perceptions Of Student Loans And Strategies Of Paying For College, Mo Xue, Xia Chao
Non-Borrowing Students’ Perceptions Of Student Loans And Strategies Of Paying For College, Mo Xue, Xia Chao
Journal of Student Financial Aid
With the notable shift from grants to loans over the past several decades, many researchers have argued the positive impact of financial aid on student college choice, enrollment, and persistence. However, literature indicates that students from economically disadvantaged backgrounds are less likely to take loans to finance postsecondary education than those from affluent conditions. Qualitative research on the reasons for non-borrowers’ aversion to loans and strategies for college payment is rather scant. This study explores 30 lower- or lower-middle-class non-borrowing students’ lived experiences surrounding student loans from a qualitative phenomenological research lens. Data are collected from semi-structured interviews. Data analysis …
Financial Need And Aid Volatility Among Students With Zero Expected Family Contribution, Robert Kelchen
Financial Need And Aid Volatility Among Students With Zero Expected Family Contribution, Robert Kelchen
Journal of Student Financial Aid
Students with a zero expected family contribution (EFC) are those with the greatest financial need and least ability to pay for college and now make up more than one in three American undergraduate students. Yet little is known about the year-to-year financial aid volatility of these students, or whether it varies by how the zero EFC was determined. I use nationally-representative data to examine trends in zero EFC receipt over time and then use student-level data from nine colleges and universities to examine zero EFC stability over multiple years by zero EFC status. The results indicate overall stability in zero …
Student Loan Default: Do Characteristics Of Four-Year Institutions Contribute To The Puzzle?, Karen L. Webber, Sharon L. Rogers
Student Loan Default: Do Characteristics Of Four-Year Institutions Contribute To The Puzzle?, Karen L. Webber, Sharon L. Rogers
Journal of Student Financial Aid
College student debt and loan default are growing concerns in the United States. For each U.S. institution, the federal government is now reporting a cohort default rate, which is the percent of students who defaulted on their loan, averaged over a three-year period. Previous studies have amply shown that student characteristics are strongly associated with educational debt and one’s ability to repay student loans; however, few studies have deeply examined the relationship between institutional characteristics and student loan default. This study examined characteristics of 1,399 four-year notfor-profit U.S. institutions and found significant differences in the 2010 federal student loan default …
Changes To The Student Loan Experience: Psychological Predictors And Outcomes, Thomas Mueller
Changes To The Student Loan Experience: Psychological Predictors And Outcomes, Thomas Mueller
Journal of Student Financial Aid
This study builds on the work of scholars who have explored psychological perceptions of the student loan experience. Survey analysis (N = 175) revealed a multidimensional model was developed through factor analysis and testing, which revealed four latent variables: Duress, Mandatory, Financial, and Success. Duress and Mandatory were found to be independent unique predictors of the student loan process. Though perceptions were not differentiated among groups, a predominant segment of respondents did not recall their loan interest rates or terms of repayment. Respondents acknowledged the availability of loans but did not correlate availability to the value of university degrees and …
Book Review: The College Cost Disease: Higher Cost And Lower Quality, Stefan Amrine
Book Review: The College Cost Disease: Higher Cost And Lower Quality, Stefan Amrine
Journal of Student Financial Aid
No abstract provided.