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Full-Text Articles in Education Economics
A Framework For Thinking About Law School Affordability, Sandy Baum, Accesslex Institute
A Framework For Thinking About Law School Affordability, Sandy Baum, Accesslex Institute
Commissioned Research
This research report, authored by Sandy Baum, Ph.D., explores the most constructive ways to think about the affordability of legal education in the context of trends in law school enrollment, prices, debt and employment. However, the report cautions that law school affordability cannot be evaluated through simple metrics; it must be measured by taking into account the lifetime value of the investment. The report was commissioned by AccessLex Institute to add to the public discourse about what makes law schools affordable for students in different circumstances.
Graduate And Professional School Debt: How Much Students Borrow, Sandy Baum, Patricia Steele
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
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 …
Loan Counseling For Graduate And Professional Students, Patricia Steele, Chad Anderson
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.