Loan burdens and educational outcomes
Economics of Education Review Volume 20, Number 6 ISSN 0272-7757 Publisher: Elsevier Ltd
There is widespread concern among educators, policy makers, and students that the current generation of college graduates is being unduly burdened with debt. This study examines the impact of debt on the educational outcomes of recent graduating seniors from a set of private, expensive, highly selective colleges and universities. In particular, I investigate the relationship between borrowing levels and the likelihood of pursuing a graduate degree, a professional degree, and the career plans of the college class of 1998. The central conclusion drawn from this analysis is that students do not appear to be significantly influenced by their debt.
Monks, J. Loan burdens and educational outcomes. Economics of Education Review, 20(6), 545-550. Elsevier Ltd.