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- Student loans (3)
- Higher education (2)
- Student debt (2)
- Cohort default rate (1)
- College Access and Choice (1)
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- Debt attitudes (1)
- Degree completion (1)
- Equity and Efficiency in Education (1)
- Federal Aid Policy (1)
- Federal student aid (1)
- HBCUs (1)
- Higher Education Finance (1)
- Loan burden (1)
- Loan repayment (1)
- Low-income students (1)
- Parental financial support; Expectations; Willingness to pay for college; Co-residency (1)
- Qualitative (1)
- Reflexive thematic analysis (1)
- Repayment (1)
- Social inequality (1)
- Student loan default (1)
- Unsubsidized loans (1)
- Value of education (1)
Articles 1 - 8 of 8
Full-Text Articles in Education Economics
Understanding Undergraduate Student Borrowing In China: A Qualitative Analysis, Hanwen Zhang
Understanding Undergraduate Student Borrowing In China: A Qualitative Analysis, Hanwen Zhang
Journal of Student Financial Aid
As China moved from elite to mass higher education, student borrowers as the product of state intervention have surged. Yet little attention has been paid to their voices. This study conducts reflexive thematic analysis with a qualitative inquiry into lived experiences of 41 current borrowers. A five-factor typology of debt attitudes yields a dynamic explanation of debt and repayment complexities. Students perceive borrowing as an investment in human and social capital. They are, however, cautious of consumer credit. Far from being a deterrent or added burden, educational indebtedness grants them a measure of freedom and autonomy in college. And they …
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. …
Expectations And Incentives: Parental Financial Support For College During The Transition To Young Adulthood, Allyson Flaster
Expectations And Incentives: Parental Financial Support For College During The Transition To Young Adulthood, Allyson Flaster
Journal of Student Financial Aid
This study provides new insight into enrollment disparities by examining how the financial support adolescents expect to receive from parents as they transition to young adulthood differs by parent and family characteristics and whether they attend college. I do this by estimating expectations of cash and in-kind co-residency support in the year after high school completion using data from the National Longitudinal Survey of Youth. The results indicate that children whose parents are highly educated, who have high solidarity with their parents, and whose parents hold norms of adolescent financial dependency have particularly large financial incentives to attend college—particularly a …
Social Dimensions Of Student Debt: A Data Mining Analysis, Dirk Witteveen, Paul Attewell
Social Dimensions Of Student Debt: A Data Mining Analysis, Dirk Witteveen, Paul Attewell
Journal of Student Financial Aid
Media commentary on undergraduates' loan debt portrays a crisis in which many students are unable to pay back their loans, having borrowed large sums and lacking sufficient post-college income to repay. Several scholars have questioned the media accounts, noting that indebtedness is highest among students from high income families, while defaults predominate among low debt students. Using a data mining technique known as CART, we analyze national data on the indebtedness of recent baccalaureate graduates, to uncover combinations of social characteristics that are associated with loan pressure: the ratio of indebtedness to post-college earnings. We find that students from lower …
Take It, Or Leave It? Analyzing How Unsubsidized Federal Loans Affect Six-Year Degree Attainment Across Income Groups, Ray Franke
Journal of Student Financial Aid
This study examined the effects of unsubsidized federal Stafford loans on six-year degree attainment at 4-year colleges and universities in the U.S., and how these differentially impact students across income groups. For this, nationally representative data from the Beginning Postsecondary Students (BPS:04/09) and the Integrated Postsecondary Education Data System (IPEDS) was merged to analyze N=6,561 students attending n=651 four-year institutions. To account for possible selection bias in loan borrowing and the nested data structure, this study employs a propensity score matching, multilevel modeling approach. In addition to financial aid measures, the analytic model draws from the heterogeneous research approach and …
A Case Study Of Undergraduate Debt, Repayment Plans, And Postbaccalaureate Decision-Making Among Black Students At Hbcus, Dominique J. Baker
A Case Study Of Undergraduate Debt, Repayment Plans, And Postbaccalaureate Decision-Making Among Black Students At Hbcus, Dominique J. Baker
Journal of Student Financial Aid
High payments and default on undergraduate debt have consequences; they are of national concern if aversion to debt deters students from making optimal postbaccalaureate decisions on postbaccalaureate educational aspirations, enrollment, and early-career occupation. I conducted two semi-structured interviews, near graduation and six months later, with six recent graduates of an HBCU who borrowed at some point in their undergraduate career and were required to complete federal exit counseling. I found that the relationship between undergraduate debt and postbaccalaureate decision-making is partially explained by the themes of timing and structure of information, family as a source of knowledge, comfort with the …
Reassessing The Role Of Federal Aid Policy In Financing 21st Century Higher Education For Underserved Groups: Recent Trends, Contemporary Problems, And New Proposals, Gabriel R. Serna
Journal of Student Financial Aid
This review explores the expanding role of federal aid policy considered from a contemporary and social justice perspective. It highlights recent trends in aid policy as well as difficulties that arise from the current system. Next, the review takes up an analysis of current aid policy that carefully considers equity and efficiency as primary criteria for funding public higher education. Through a meticulous review of the most up-to-date literature and data it then moves on to new proposals to increase equity, efficiency, and effectiveness with an eye toward increasing access and attainment. Indeed, a general takeaway from this review is …
Book Review: The Student Loan Mess: How Good Intentions Created A Trillion-Dollar Problem, Justin Chase Brown
Book Review: The Student Loan Mess: How Good Intentions Created A Trillion-Dollar Problem, Justin Chase Brown
Journal of Student Financial Aid
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