Non-Completion, Student Debt, and Financial Well-Being: Evidence from the Survey of Household Economics and Decisionmaking

Abstract

As the price of college and student loan debt has grown relative to inflation in recent decades, many have questioned the return on investment offered by a college degree. Recent research tends to highlight the importance of risk when examining the question of "is college worth the investment?" (Hendricks and Leukhina, 2018; Akers, 2021).