Given the prevalence of transfer activity, education stakeholders must understand how transfer may be associated with student outcomes. Such knowledge is critical, as the COVID-19 pandemic and economic downturn have impacted college enrollment and student transfer behavior. Relying on a sample of 6510 undergraduate students from BPS:12/17 data, we…

The number of individuals with student loan debt who do not earn their degrees is on the rise; nevertheless, there is little research that demonstrates their current circumstances and future aspirations. We address this knowledge gap by comparing the financial distresses and re-enrollment aspirations of student debt-holders who started college but…

Federal financial aid policies for higher education may be classified based on their "for-purchase" and "post-purchase" natures. The former include grants, loans, and workstudy and intend to help students finance or afford college attendance, persistence, and graduation. Post-purchase policies are designed to minimize financial…

As college tuition rises nationwide, policy efforts to reduce these costs are increasingly focused at the 2-year level. However, it is not fully known whether increased access to college increases degree attainment. Compared to observationally equivalent peers who enroll in 4-year institutions, 2-year enrollees may face a decreased likelihood of…

This study estimates the short- and long-term effects of undergraduate educational debt on students' decisions to apply and to enroll in graduate school after completing requirements for a baccalaureate degree, using marginal mean weighting through stratification method (MMW-S) to analyze data from the National Center for Education Statistics…

Policymakers have been debating the Bennett Hypothesis--whether colleges increase tuition after the federal government increases access to student loans--for decades. Yet most of the prior research has focused on studying small changes to loan limits or Pell Grants for undergraduate students. In this study, I examine whether business schools (the…

With enrollments rising in recent years, more than half of all graduate level students in US institutions take on educational loans. Using data from the National Postsecondary Student Aid Study (NPSAS), this study examined educational debt for graduate and professional students in 2000 and 2016 and explored whether significant predictors of debt…

The study of student loan debt remains a timely and relevant higher education finance research and policy-oriented topic, especially when considering the alarming growth rates of student loan debt balances. The Quarterly Report on Household Debt and Credit released in May of 2018 shows that among all debt balances, student loans remain the only…

The current studies test the hypothesis that the financial burden of college can initiate a psychological process that has a negative influence on academic performance for students at selective colleges and universities. Prior studies linking high college costs and student loans to academic outcomes have not been grounded within relevant social…

We use nationally representative survey data from three cohorts of bachelor's degree recipients to examine military veterans' student loan debt at graduation and their employment and earnings 1, 4, and 10 years after graduation, relative to observably similar graduates. We also examine whether the effects of veteran status depend on college…

More community college students are taking out loans than ever before and their median debt levels are increasing. This trend is disconcerting because community college borrowers are overrepresented among loan defaulters and those who dropout without having earned a degree. While not without criticism, a growing number of community colleges are…

Many students enroll in less selective colleges than they are qualified to attend, despite low graduation rates at these institutions. Some scholars have argued that qualified students should enroll in the most selective colleges because they have greater resources to support student success. However, selective college attendance is endogenous, so…

This study employs the 2007-2008 National Postsecondary Student Aid Study and the National Research Center's survey data, "A Data-Based Assessment of Research-Doctorate Programs in the United States," to investigate the (1) the effects of debt in relation to tuition and fees paid and (2) the effects of teaching assistantships,…

Although the use of loans to finance postsecondary educational expenses seems commonplace, the emphasis of the U.S. financial aid system on loans may limit college opportunity for individuals who are unwilling or unable to incur this type of debt. This study uses data from descriptive case studies of 15 high schools to examine four guiding…

Examined the mix of first-year earnings and college-related indebtedness in the context of institutional quality, academic performance, and major, using a multilevel earnings model that incorporated demographic, family background, education, and labor market variables. Findings suggest distinct patterns in graduates' earnings and debt-to-earnings…