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Full-Text Articles in Education
Student Repayment Crisis And The Value Of Higher Education And The Economy In California’S Kern County, Elisa P. Queenan, Brian D. Street
Student Repayment Crisis And The Value Of Higher Education And The Economy In California’S Kern County, Elisa P. Queenan, Brian D. Street
Journal of Student Financial Aid
The cost of post-secondary education (PE) continues to increase, which has contributed to elevating federal loan demand, and as of the fourth quarter of 2020, equaling a debt of $1.56 trillion in the US. The purpose of this research was to compare two post-secondary institutions for specific alignment with the local labor market, examine institutional economic benefits and costs, and impact of loan default. Bakersfield College (BC) and California State University, Bakersfield (CSUB) are both public, Hispanic Serving Institutions, in central California. Despite similarities, loan default rates of each institution differ; six-year mean rates, 24.6% at BC, 7.7% at CSUB. …