Purpose: This study investigates how students' propensity towards indebtedness affects their savings behaviour. Additionally, the study examines the moderating role of financial literacy in the relationship between propensity towards indebtedness and savings behaviour. Design/methodology/approach: Questionnaires were administered to undergraduate…

Student loan debt is at record levels in the United States. The negative psychological and financial effects for borrowers are well-documented. This article turns to the individual-level political effects of student loan debt. Rooted in the policy feedback literature, we examine whether the rise in student loan debt is associated with negative…

Beginning in March 2020 and ultimately continuing to September 2023, most student loan borrowers had their required payments on federal student loans paused. For student loan borrowers with limited access to credit, the payment pause provided additional cash-on-hand that may have allowed them to reduce their work hours. Using survey data capturing…

In 2020-2021, 94% of undergraduates in England took out government-backed loans to fund their higher education. The growing and widespread use of student loans in England, mounting student debt, and governments' increasing dependence on tuition fees underwritten by loans to finance public higher education raise important questions which this paper…

This article explored the state of the industry of graduate theological education using three key measures: accessibility, affordability, and financial sustainability. Access was analyzed with respect to educational modality (i.e., in-person, distance) and student populations (i.e., by demographic category). Affordability was investigated by…

As student debt continues to climb, outstripping all other forms of personal debt and topping off at $1.7 trillion nationally, previous research has shown that the amount of anticipated debt has an impact on graduate student career choices. However, there is a dearth of information that shows if student debt is impacting student's choices before…

Ensuring postsecondary education is affordable for Kentuckians is a top priority of the Council on Postsecondary Education (CPE) and higher education institutions. Maintaining access to life-changing postsecondary credentials benefits both individuals and the state alike. This inaugural report on undergraduate student debt demonstrates that…

For workers employed in the public and nonprofit sectors, the Public Service Loan Forgiveness (PSLF) program offers the potential for full forgiveness of federal student loans for those with 10 years of full-time work experience. A year-long waiver issued by the Department of Education in 2021 to address administrative problems in program access…

Transfer pathways are commonly associated with cost savings to students within the policy world. However, few have ventured to empirically examine whether traveling transfer pathways result in savings for students. Through this article, we report on analyses of this topic drawing on a custom linkage between Toronto District School Board,…

The Master's Loan Scheme in England was initially designed to support widening access to postgraduate education. However, the general increase in the average fees has posed a risk of reducing these schemes' effectiveness in promoting social mobility, especially for debt adverse students. We use a multidisciplinary framework to build a model of…

This chapter presents findings from eight interviews with college and university chief financial officers about institutional borrowing practices during periods of uncertainty and crisis.

This report provides findings from the evaluation of the pilot year of the Ohio College Comeback Compact, an institutional debt cancellation program being implemented at eight public institutions in northeast Ohio. The Compact provides up to $5,000 in debt cancellation for stopped-out students meeting certain requirements. As part of the…

Financial literacy skillsets may be lacking in the first-year college student population, which may contribute to lower first-year college student retention rates. Because financial literacy is a skillset that may need to be taught to college students, this study attempted to understand and explore the link between financial literacy levels and…

This paper analyses potential links between extreme optimism and student loan debt. Prior work finds extreme optimism to be associated with imprudent household savings and investment decisions. This paper explores whether these findings are relevant to student loan decisions. Using the most recent administration of the Survey of Consumer Finances…

Outstanding Higher Education Act (HEA) Title IV federal student loan debt exceeds $1.6 trillion and is owed by about 45 million borrowers. In August 2022, the Biden Administration announced it would invoke the Higher Education Relief Opportunities for Students Act of 2003 (HEROES Act) to cancel, on a one-time basis, up to $20,000 in qualifying…