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Furquim, Fernando; Deane, K. C.; McCall, Brian P.; DesJardins, Stephen L. – AERA Open, 2022
This paper studies the patterns of individuals' student loan repayment for up to 12 years, tracking borrowers through the formative ages of the early 20s to the late 30s. Using social sequence and cluster analysis to understand these longitudinal repayment histories, we identify five archetypes of loan repayment that describe borrowers'…
Descriptors: Student Loan Programs, Loan Repayment, Loan Default, Racial Differences