An Epistemological and Pattern Analysis of Empirical Data that Influences Emergency Loan Need Among Graduate Students

Efosa Ci Ralph F

doi:10.4172/2375-4389.1000143

Abstract

This analysis studies closely education affordability through the epistemology of emergency loan need that signals economic challenges on the horizon for domestic and international students seeking a post graduate credential at any cost. Prior studies have been very helpful; however, to the best of our knowledge there is not a comprehensive study that has investigated the comparison of small vs. large emergency student loans taken out by graduate students. Also, to the best of our knowledge and to date there are no studies that have investigated the patterns and relationships among ethnicity, gender, marital status, degree type, and college awarded for both small vs. large emergency loans. To fill the gaps in the literature, we conducted our research by collecting datasets from 335 graduate students enrolled in a large public university located in North America. Our data analysis provides strong indicators and evidence that both small and large emergency loan needs exist in a diverse spectrum of colleges, degree types, ethnicities, genders, ages, and marital statuses. Also, the regression analysis indicates that there is not a significant relationship between GPA and emergency loan needs for both small and large loans. We also, used data mining technique to investigate patters and relationships among ethnicity, gender, marital status, degree type, and college awarded for both small vs. large emergency loans. Our study contains vast research and managerial implications for both academia and top managements.

Highlights

Emergency loan need signal that domestic and international students may suffer sufficient economic distress due to shifts in the global economy and prohibitive historical social factors
The problem of a high default rate exceeding 15% in India curtails the willingness of banks to make education loans. This challenge may stagnate the expansion of the Indian economy, whereas, China may not be subject to the risk of economic stagnation due to the increased capacity of their universities to train post-secondary graduate students in-country
The web graph (Figure 2) shows that graduate male students have more links to college awarded, degree type, ethnicity, gender, and marital status compared to female graduate students

Summary

Introduction

Emergency loan need signal that domestic and international students may suffer sufficient economic distress due to shifts in the global economy and prohibitive historical social factors. The problem of a high default rate exceeding 15% in India curtails the willingness of banks to make education loans Long term, this challenge may stagnate the expansion of the Indian economy, whereas, China may not be subject to the risk of economic stagnation due to the increased capacity of their universities to train post-secondary graduate students in-country. Though an excellent financial climate for the U.S, emerging economies’ students have a different perspective when they consider the affordability of an education in an American university These students carefully assess three cost factors: 1) out of state tuition; 2) living expenses; and 3) health insurance. Emergency loan need signals that a reversal to dampen rising cost in education must be a part of future planning, so that domestic and international middle income students are not shut out of institutions due to affordability

Methodology

Findings

Conclusion