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Emergency Loan Need Among Graduate Students Signals Debt Trends In Higher Education May Influence The Expansion Of The U.S. Economy Long-Term, Efosa C. Idemudia, Ralph Ferguson
Emergency Loan Need Among Graduate Students Signals Debt Trends In Higher Education May Influence The Expansion Of The U.S. Economy Long-Term, Efosa C. Idemudia, Ralph Ferguson
Faculty Publications -School of Business
This article proposes that the rising cost of graduate education and debt may suppress interest of domestic and international students in advanced education and impact the market economy. There are three challenges indicated through emergency loan need increases that deter students from graduate education. First, intellectual and skills growth has been a path to wealth building with the cost of education modest and not a potential lifetime debt. Second, Responsibility Centered Management (RCM), galvanized due to reduction of state and federal funds to support education, may have the detrimental effect of exponentially increasing tuition and fees to maintain programs, staff, …
An Empirical Analysis That Forecast A High Likelihood Of Emergency Loan Need Between Ages 27 To 41 Among Graduate Students For Policy Decisions, Efosa C. Idemudia, Ralph Ferguson
An Empirical Analysis That Forecast A High Likelihood Of Emergency Loan Need Between Ages 27 To 41 Among Graduate Students For Policy Decisions, Efosa C. Idemudia, Ralph Ferguson
Faculty Publications -School of Business
The increase in graduate schools’ enrollments due to the global recession poses a complex challenge for graduate school deans and policy decisions. The data indicate that between the ages 27 to 41 emergency loan need is high among graduate students. As more non-traditional students seek admission into graduate school, there may be a prescribed role for the emergency loan in order to reduce the level of borrowing necessary among traditional as well as non-traditional graduate students for effective policy decision making. Analysis of emergency loan recipients provides insight for future researchers to investigate other critical factors that influence emergency loan …