Education Economics Commons^™

Lower Tuition, Eliminate Debts, And Enjoy Your Education, Damon Dejesus

English Department: Research for Change - Wicked Problems in Our World

College students live in a world where financial struggles and hardships take away from a lot of their freedoms after graduation. The ongoing student debt issues have crippled many of their freedoms and put limitations on the various luxuries they should be able to enjoy after completing the long journey of getting a degree. Through a few simple yet effective methods I think that there are ways to combat this wicked problem, things such as lowering the price of tuition, distributing more financial aid to students, and reducing the rate of interest attached to loans that some students may be …

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 …

Graduate And Professional School Debt: How Much Students Borrow, Sandy Baum, Patricia Steele

Commissioned Research

There is wide variation in how students cover tuition and living expenses while they pursue graduate and professional degrees. Most research doctoral degree students attending public and private nonprofit schools benefit from generous institutional fellowships and assistant ships that cover a significant portion of their expenses. But master’s degree students in all sectors cover most of their expenses with earnings from employment and federal student loans. Borrowing is particularly important for professional degree students, most of whom have neither earnings from employment during the academic year nor grants and fellowships to cover tuition and living expenses while they are enrolled. …

Financing Graduate And Professional Education: How Students Pay, Sandy Baum, Patricia Steele

Commissioned Research

This brief examines how students finance their graduate and professional education. It summarizes the sources of funds used to cover the tuition and fees universities charge, as well as living expenses. Institutions set a “cost of attendance” (COA) for students, estimating the average budget for one academic year (fall through spring). COA includes tuition and fees, books and supplies, room and board, transportation, and other living expenses, and it establishes the maximum amount students can borrow in federal student loans to attend a particular school. These official budgets serve as the foundation for the discussion that follows about how graduate …

Graduate Student Financial Support : An Empirical Profile, Thomas Enderlein

Legacy Theses & Dissertations (2009 - 2024)

This study investigated how U.S. graduate students financed their Master’s and doctoral programs in 2011-2012. In particular, it focused on students who were eligible to receive Federal financial aid and loans during that year, using a sample of graduate students included in the restricted-use version of the National Postsecondary Student Aid Study. This study rests its analyses and situates extant literature largely against Human Capital Theory, with return on investment as an underlying rationale for the allocation and use of different forms of Non-family, Non-repayable support for graduate studies. The goal of the study was to sort out the extent …

Reconciling The Rhetoric And Reality Of Student Loan Debt, Elizabeth Akers

Brookings Scholar Lecture Series

Student loan debt has increased over the past three decades. This lecture will identify the factors that led to that increase in student loan debt what economic and social factors drove that increase. The talk will also consider the economic effects of increased or decreased earnings generated by individuals with student loan debt. This analysis will present data to assess the validity of several widely-held beliefs about the impact of student loan debt in the United States (e.g., increased student loan debt is depressing the housing market) and apply data-backed evidence to determine ways in which current and proposed policies …

Loan Counseling For Graduate And Professional Students, Patricia Steele, Chad Anderson

Commissioned Research

This report provides an overview of existing literature that examines loan counseling and financial literacy for graduate and professional students, and includes actionable recommendations for stakeholders to better support students in making optimal financial decisions about their loans and other aspects of their personal finances. The report was authored by Patricia Steele, Ph.D., and Chad Anderson with Higher Ed Insight.

Income-Driven Repayment And The Public Financing Of Higher Education, John R. Brooks

Georgetown Law Faculty Publications and Other Works

This article provides the first comprehensive analysis in the legal literature of the federal government’s new income-driven student loan repayment programs, known as Income-Based Repayment and Pay As You Earn. In a set of gradual and little-noticed statutory and regulatory moves, the federal government, through these programs, has dramatically reshaped higher education finance in ways that schools, students, and even the government itself are only beginning to understand.

Under IBR and PAYE, a student borrower pays no more than 10% of her discretionary income in loan service payments, and after a maximum of 20 years, the remaining debt is forgiven—for …

Process And Net Impact Evaluations Of The Focus:Hope Adult Training Programs And Student Loan Fund, Kevin M. Hollenbeck

Reports

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