The Effect of Changing Unemployment Rates on Student Loan Cohort Default Rates
In recent years, student loan cohort default rates have come under heightened scrutiny regarding the effectiveness of federal financial aid. In order to better inform policy makers of student loan measures, my study assesses the impact of changing unemployment rates on student loan cohort default rates using fixed effects regression analysis. Changes in unemployment rates are shown to have a statistically significant effect on cohort default rates.
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Scarbrough, Michele R. (Georgetown University, 2012)Student loan debt (SLD) enables the pursuit of higher education, as it allows borrowers to fund more education (or more expensive education) than they otherwise could consume. But SLD also may carry with it a cost, namely ...
Blagg, Kristin Elizabeth (Georgetown University, 2014)Several studies have demonstrated that a rise in unemployment rates is correlated with an increase in community college enrollment, but the effect of unemployment on community college completion rates has not been measured ...
Does Post-recessionary Student Loan Debt Negatively Impact the Likelihood of Homeownership More Than Pre-recessionary Student Loan Debt? Evidence from Comparative, Cross-sectional Analyses of the Survey of Consumer Finances Data from 2004 and 2013 Price, Eric William (Georgetown University, 2016)More students are taking on loan debt for the purpose of postsecondary educational expenses and the amount of debt that students are taking on continues to increase over time. Until recently, few researchers had investigated ...