Borrowing has become increasingly central to U.S. students' college financing choices. However, concerns about indebtedness may serve as a barrier to attaining a college degree for many students, particularly women and Black and Hispanic students. This study explores the determinants and heterogeneous impacts of debt aversion, or aversion to…

Lackluster BA completion rates have made it clear that improving postsecondary outcomes in the U.S. is not simply a matter of raising college enrollment rates. In addition to increasing the number of people who attend college, it is also important to increase the number of people who graduate. Over the years, scholars have identified many factors…