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"…

This study examines the effects of financial advice on college-saving decisions using data sets from the 2009 and 2012 U.S. National Financial Capability Study. After controlling for self-selection bias through propensity score matching, the findings show that receiving financial advice is associated positively with the likelihood of saving for…

With the costs of higher education increasing, the need to search for alternative ways to fund these expenses has also increased. While grants, scholarships, personal savings, and financial assistance from parents, may be effective for some, this is not the case for all students as some are inclined to use student loans to fund their higher…

For students with a significant amount of student loan debt, the excitement of graduating from college can be overshadowed by feelings of anxiety and fear. Debt perception is about more than the cost of a college degree, the amount of financial aid received, or the value families place on education. In this article, the author tells a story about…

This document records testimony from a hearing before the Committee on Education and the Workforce that was held to examine the implications of Biden's student loan policies for students and taxpayers. Member statements were provided by: (1) Honorable Burgess Owens, Chairman, Subcommittee on Higher Education and Workforce Development; and (2)…

University students and university personnel are important contributors to the economy of the United States regarding excessive student loan debt. As such, a lack of financial literacy is a significant problem. The purpose of this single descriptive qualitative case study was to describe the experiences of certain individual university students…

Although research has explored what college students struggle to understand about financial aid, no research has investigated how at-risk students on financial aid probation articulate their financial aid knowledge and the gaps in that knowledge. As a result, this content analysis investigates online discussion board posts from a credit-bearing…

Purpose and Method of Study: This study focused on the relationship between the cost of undergraduate education (COUE) and graduation rates in four-year institutions in Oklahoma. The purpose of this study was to examine the relationship between the cost of undergraduate education (COUE) and graduation rates at four-year higher education…

As federal policymakers consider changes to income-driven repayment (IDR) schemes, research examining the characteristics and financial behaviors of student loan borrowers participating in IDR is necessary. Using the nationally representative Survey of Consumer Finances, we examined the demographics of IDR enrollment. Counter to expectations,…

Obtaining a college degree is positively correlated with gains in socioeconomic mobility. However, college is expensive. Given the importance of college in increasing social mobility, lawmakers have proposed eliminating student debt. Joe Biden, for example, has incorporated eliminating student debt into his presidential campaign promise. While…

According to public discourse, one of the most critical college access and affordability issues is the nation's rising student loan debt. Public concern over the rising cost of college and the use of education loans has incited a great debate on if a student loan debt crisis exists, and if so, for who? Researchers have found that, among federal…

West Virginia's three state-funded medical schools enroll more medical students per capita than any other state in the country. Due to its large number of medical student slots, the state typically can offer all qualified West Virginians the opportunity to complete their medical education in the state. In the academic year of 2023-2024, 27 percent…

This study uses secondary data to explore the relationship between the percentage of Latinos enrolled in a postsecondary institution and two educational outcomes: graduating within six years and total amount in student loan debt. Research on the concentration of Latino students in higher education have mostly focused on Hispanic Serving…

The "Student FAFSA Completion Report" (2024) is submitted pursuant to Education Article § 7-212, Annotated Code of Maryland, which requires the Maryland Longitudinal Data System (MLDS) Center to annually produce an annual report, on or before December 15th of each year, beginning in 2023 and ending in 2028, on the submission and…