We conduct a survey-based experiment with 2,776 students at a non-profit university to analyze income insurance demand in education financing. We offered students a hypothetical choice: either a federal loan with income-driven repayment or an income-share agreement (ISA), with randomized framing of downside protections. Emphasizing income…

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…

In recent years, the Public Service Loan Forgiveness program has garnered more attention among student loan borrowers in the United States as a potential source of loan relief. However--at least prior to the PSLF Program Overhaul introduced in October 2021--arduous eligibility criteria, opaque communication on the part of the U.S. Department of…

As of 2023, 43.6 million borrowers owe more than $1.7 trillion in student loan debt. However, there is another, often overlooked, institutional debt that students may owe their former institutions after stopping out. It is estimated that 6.6 million students owe $15 billion in unpaid balances to their institutions. This institutional debt stems…

In August 2022, the Department of Education announced that, to address the heightened risk of delinquency and default caused by the COVID-19 pandemic, it would provide up to $20,000 of student loan debt relief to borrowers who met certain income thresholds. Borrowers eligible for this relief were to receive up to the full $20,000 in relief if they…

Student debt was specifically addressed in the federal government's response to the COVID-19 pandemic through forbearance polices. However, not all individuals were eligible for forbearance, and it is possible that forbearance would leave some feeling further behind. Yet, little is known about student loan debt over the course of the pandemic,…

Each year, NASSGAP completes a survey regarding state-funded expenditures for postsecondary student financial aid. This report, the 54th annual survey, represents data from academic year 2022-23. Data Highlights include: (1) In the 2022-23 academic year, the states awarded almost $16.6 billion in total state funded student financial aid, an…

Levels of student loan debt in the United States are increasing exponentially every year, directly affecting the ability of millions to live a comfortable life. Student loan debt levels are an acute issue for borrowers of color, as they more often need federal loans to attend institutions of higher education in comparison to their White peers.…

Student debt has exploded over the past several decades, rising to over $1.7 trillion. Federal student loans represent over 90% of student loan balances, with private financing making up the remainder. Research has shown that the negative impact of student debt has not been distributed equally across different demographics, with Black borrowers…

The 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…

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…

Income-driven repayment (IDR) plans are a subset of student loan repayment plans that cap a borrower's monthly payment at a percentage of their discretionary income, which is defined as a portion of a borrower's adjusted gross income (AGI) that exceeds a specified multiple of the federal poverty line (FPL) for the borrower's family size. A…

Purpose: To identify the financial stress and associate factors of tertiary level student. Design/methodology/approach: To identify the financial stress and associate factors, a structured questionnaire was developed to collect data from 571 students of different universities of Bangladesh through Google form. Chi square and Cramer's "V"…