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Exploring Idr: A Comparison Of Financial Situations And Behaviors Between Those In Traditional Student Loan Repayment And Those In Income-Driven Repayment, Daniel A. Collier
Exploring Idr: A Comparison Of Financial Situations And Behaviors Between Those In Traditional Student Loan Repayment And Those In Income-Driven Repayment, Daniel A. Collier
Journal of Student Financial Aid
This quantitative, exploratory study (N=266) examines: (1) financial differences between those enrolled in student-loan based Traditional and Income-Driven Repayment (IDR) schemes, (2) factors that link to IDR enrollment, and (3) whether IDR correlates to the likelihood of reporting to save zero dollars in savings and retirement and in being a homeowner. Descriptive tests indicated differences in loan and earnings-related measurements, and other financial differences, favoring those in traditional repayment. Logistic regression reporting Marginal Effects suggested enrollment in IDR correlated with student loan debt starting at $60,000 and upward (ME=0.41-0.59) and income (ME=0.52-0.36) - with lower-middle to middle-income earners being most …