Student Loan Research Articles

An Exploratory Study on the Implementation of Student Loans in Alleviating Poverty and Its Contribution to Human Capital Development in Sierra Leone

An Exploratory Study on the Implementation of Student Loans in Alleviating Poverty and Its Contribution to Human Capital Development in Sierra Leone

Debt Moratoria: Evidence from Student Loan Forbearance

Debt Moratoria: Evidence from Student Loan Forbearance

Insurance versus Moral Hazard in Income-Contingent Student Loan Repayment

Insurance versus Moral Hazard in Income-Contingent Student Loan Repayment

An Exploratory Study on the Implementation of Student Loans in Alleviating Poverty and Its Contribution to Human Capital Development in Sierra Leone

An Exploratory Study on the Implementation of Student Loans in Alleviating Poverty and Its Contribution to Human Capital Development in Sierra Leone

Leaving Them Hanging: Student Loan Forbearance, Distressed Borrowers, and Their Lenders

Leaving Them Hanging: Student Loan Forbearance, Distressed Borrowers, and Their Lenders

Debt Moratoria: Evidence from Student Loan Forbearance

Debt Moratoria: Evidence from Student Loan Forbearance

Taking it to the Limit: Effects of Increased Student Loan Availability on Attainment, Earnings, and Financial Well-Being

Taking it to the Limit: Effects of Increased Student Loan Availability on Attainment, Earnings, and Financial Well-Being

Saving and Consumption Responses to Student Loan Forbearance

Saving and Consumption Responses to Student Loan Forbearance

An empirical analysis of student’s experience towards educational loan service offered by banks

An empirical analysis of student’s experience towards educational loan service offered by banks

Differences In Debt Among Postgraduate Medical Residents By Self-Designated Race And Ethnicity, 2014-19.

The US physician workforce does not reflect the racial and ethnic makeup of the country's population, despite efforts to promote diversity. Becoming a physician requires significant time and financial investment, and populations that are underrepresented in medicine have also been excluded from building wealth. Understanding the differential burden of debt by race and ethnicity may inform strategies to improve workforce diversity. We used 2014-19 data on postgraduate resident trainees from the Association of American Medical Colleges to examine the association between race and ethnicity and debt independent of other demographics and residency characteristics. Black trainees were significantly more likely to have every type of debt than the overall sample and all other racial and ethnic groups (96percent of Black trainees had any debt versus 83percent overall; 60percent had premedical education loans versus 35percent overall, and 50percent had consumer debt versus 25percent overall). American Indian/Alaska Native, Hispanic, and Native Hawaiian/Pacific Islander trainees were more likely to have debt compared with White and Asian trainees. Overall, debt prevalence decreased over time and varied by specialty; however, for Black trainees, debt decreased minimally over time and was stable across specialties. Scholarships, debt relief, and financial guidance should be explored to improve diversity and inclusion in medicine across specialties.

FACTORS INFLUENCING GRADUATE'S INTENTION TO REPAY EDUCATIONAL DEBT

This study examines the relationships between graduates' intention to repay educational debt and their attitude, parental influence, financial literacy, and financial behaviours. This study employs quantitative methods, and data was collected using a Google Form. The self-administered online survey received 258 responses in total. According to the findings, attitude, parental influence, and financial literacy all have a significant positive relationship with the intention to repay the loan. The financial behaviour has no discernible relationship to repaying the educational loan. According to the findings, the Theory of Reasoned Action was significantly associated with loan repayment. The study has limitations, and more research is needed to fully understand this phenomenon.

Student loans: Credit constraints and higher education in South Africa

The empirical evidence that enrollment in higher education is constrained by access to credit is limited and usually indirect. We use a regression discontinuity design based on the fact that student loans are granted according to a score threshold at a South African credit institution (Eduloan) providing short-term loans at market conditions: we find that the credit constraint is substantial, as it reduces enrollment by more than 40 percentage points in a population of mostly middle-class applicants. However, this effect is entirely concentrated on women, and women granted a loan catch up with men’s enrollment levels. This heterogeneity is not explained by lower incomes in the sample of women. It implies that women have lower access to credit, or that their options for managing without a credit are more limited than men’s.

Religion as a barrier to the use of student loans for higher education: A community‐based participatory study with Somalis living in England

AbstractThe unwillingness of the Somali community to finance higher education has largely gone unnoticed within the academic literature and government policy documents. This study explores the role of religion and the influence of Shari'ah scholars on the use of interest‐bearing student loans within the Somali community. In the absence of any theoretical framework on this topic, we explore the multiple socioeconomic factors that may influence the attitude, perception of need, motivation and action of using student loans for higher education, by proposing the UK Somali Muslims Acceptance of Interest‐bearing Student Loan Model. This is also a community‐based participatory study that actively involved Somali community members in exploring and interpreting the results. This was achieved through regular consultations with the sampled Somali Muslim communities within the UK. Our results contribute to the broader debate on the effect of cultural, religious and social values of marginalised communities on inclusion and widening access policies for higher education. The findings reemphasise that people sharing the same location do not necessarily share the same level of opportunities for higher education because of the intersectionality of race, religion, gender and class. The results also show the complexity of the issue of exclusion and the atheoretical nature of student loans as a financial instrument for improving financial inclusion and widening access to higher education among Somali residents in England.

Efficacy of Peer-to-Peer Education for Emergency Medicine Resident Financial Literacy: Curriculum Development Study.

Early career physicians are under enormous stress from rigorous academic demands and financial insecurity due to increasingly large loan burdens and stagnant income. There are no institutionally required training programs to educate professionals on financial pitfalls or strategies for overcoming these burdens. Fiscal ignorance leaves them in a vulnerable position to be taken advantage of often, at great personal cost. Using a cross-sectional, convenience sample of emergency medicine residents at a single center, we evaluated the benefit of a six-month curriculum on financial education. Focusing on topics that were most pertinent early in medical careers, we assessed the utility of a six-lecture series totaling three hours of educationon fundamental financial literacy. Lectures were given by a single educatorwith no formal financial background in the following areas: general principles, student loans, retirement accounts, basic taxes, real estate, and insurance. Using pre-test and post-test information on 55 residents, financial literacy, as assessed by a 24-question multiple-choice survey, increased from 50% to 62% (p=<.001). Subgroup analysis was also performed within each financial category as well as by postgraduate year (PGY) of training. Raw data of individual percentages achieving specific financial milestones demonstrated an objective increase in the number of residents contributing to retirement accounts, creating an emergency fund,and establishing student loan repayment plans after the curriculum. Programs can institute sufficient financial literacy education for trainees that covers financial foundations. These programs can be taught without financial professional expertise or long hours of didactics.

Poverty: As an Impediment to Girl-Child Education in Akoko Ondo State

In recent times, attention has been focused on girl-child education globally and particularly in developing countries. Female-child education is very crucial for the development of any society such that any deliberate neglect of their education could cause danger for the entire society. This is so because female education has been found to have a more significant impact on poverty reduction, reduction of HIV/AIDs and provision of sustainable development. Unfortunately, many factors have been impeding girl-child education in Nigeria. The paper, therefore examined poverty as an impediment to girl-child education in Akoko, Ondo State.The paper was qualitative research. Data were obtained from 200 respondents who are mostly parents using a structured questionnaire developed by the researcher. The questionnaire was duly validated and inferential method was used to analyze the data collected. Results from the study revealed indices of poverty such as low earning of some parents, poor parental educational attainment, some parents being poor and having too many children as issues impeding girl-child education in Akoko, Ondo State that need to be addressed. It was concluded that children, respective of their gender be given equal access and opportunities of qualitative education to enable them reach their full potentials and contribute meaningfully to the development of their communities. Based on the findings of the study, it was recommended that government should make education compulsory, free and affordable to all children especially the girl-child, provision of employment opportunities to citizens to empower them to be financially stable to cater for their family need, sensitization of members of public on the number of children they could have and provision of interest free student loans especially to the girl children.&#x0D;

How to help your students get the most out of college

College is where students forge their identities, find their communities, chart the course of their careers, and learn the knowledge and skills to succeed. With tuition rising and student loan debt looming, the pandemic brought the question of the value of higher education to the forefront for students, parents, and institutions.

Psychological Distress During the Coronavirus Disease 2019 Pandemic and Associated Factors Among Undergraduate Students in Japan.

This cross-sectional study aimed to examine factors potentially associated with psychological distress among undergraduate students during the coronavirus disease 2019 pandemic in Japan. We analyzed data of 958 undergraduates (median age 20 y; 56.8% women) from a Web-based, self-administered questionnaire survey conducted from August to September 2020. Prevalence ratios (PRs) for psychological distress defined as 5 points or over of the Kessler Psychological Distress Scale (K6) were calculated by Poisson regression models. The proportion of psychological distress was 40.0%. In the mutually-adjusted model, the following were significantly associated with psychological distress: decreases in household income to 50-99% of the prepandemic amount compared with no change (PR = 1.48), newly experiencing unpaid wages compared with no experience (PR = 1.44), insufficient money to buy necessities compared with no shortage (PR = 1.45), receiving a student loan or scholarship compared with none (PR = 1.27), and communication 1 to 3 times a month compared with at least once a week (PR = 1.22). In contrast, school closure during the pandemic compared with no closure was inversely associated with psychological distress (PR = 0.78). Among undergraduate students in Japan, economic difficulties significantly predicted psychological distress.

The association between student loan debt and perceived socioeconomic status and problematic drinking and mental health symptoms: A preliminary investigation

U.S. young adults face the largest student loan burden in history, rising income inequality, and economic uncertainty. Personal debt and other financial stressors have been associated with problematic drinking and mental health symptoms. In this paper, we investigated whether student loan debt was more strongly linked to problem drinking and mental health symptoms among those in lower positions of socioeconomic status (SES) and those who perceived greater [in]stability in their SES (SES-instability). Using data from a larger study of college graduates, we investigated SES, SES-instability, student debt, and their 2-way interactions on problematic drinking and mental health symptoms. College graduates (N = 331), who were two years post-graduation, completed measures assessing student debt, perceived SES, SES-instability, problematic drinking, and mental health symptoms (depression, anxiety, and stress). The hypotheses and data analysis plan were registered prior to conducting analyses. The expected unique, positive associations of SES-instability with problematic drinking and mental health symptoms were supported. SES was uniquely linked with problematic drinking only and in the opposite direction as predicted. Student debt was uniquely and positively linked to stress only. The expected interactions were largely supported for SES-instability and student debt—i.e., the associations of student debt with problematic drinking, anxiety, and stress were stronger (more positive) for those with greater SES-instability. The expected interactions for SES and student debt were null. Though data are cross-sectional and come from an educationally-privileged group, study findings provide preliminary evidence of links between young adult student loan debt, greater SES-instability, and their drinking/mental health.

Development of educational loan programs

Within the framework of the presented article, the author examines the features of lending programs. Special attention is paid to educational loans and the history of their appearance and development in Russia. The author focuses on the fact that in Russia, unlike other countries, this type of loan appeared not so long ago, but is already in demand, since obtaining higher education acts as one of the main goals of every person. However, as you know, not everyone can apply for higher education on a budget basis, and not everyone can afford to study on a commercial basis. In addition, education is becoming more and more expensive every year, and this burden often falls on the shoulders of parents. In this regard, an educational loan acts as one of the optimal ways to solve this problem. At the same time, it should be noted that the funds received by the borrower as part of an educational loan can only be used to pay for tuition at both a higher educational institution and an educational institution where secondary vocational education can be obtained. Of course, there are some requirements for obtaining an educational loan, as with other types of lending. The article contains a list of mandatory conditions for obtaining a loan. Special attention in the article is paid to the analysis of the history of the development of educational lending in Russia and the most significant lending program. The author emphasizes that Sberbank made a special contribution to the development of educational loan programs, which adjusted the loan conditions several times. The final part of the article is devoted to highlighting the positive and negative aspects of educational lending programs, on the basis of which the author formulates conclusions regarding possible ways of developing this type of loan.

Ship of Darkness: Jazz and/as Affect in the Global Cruise Industry

Ship of Darkness: Jazz and/as Affect in the Global Cruise Industry