The 2011 Budget Control Act eliminated the in-school interest subsidy for graduate and professional students borrowing under the Stafford Loan Program. As a result, starting on July 1, 2012, graduate and professional students borrowing Stafford Loans became responsible for the interest accruing during their in-school deferment period. This study…

The rising cost of higher education has led to increased tuition costs for students and their families, forcing more students to secure larger amounts of debt to finance their educational pursuits. Although scholars have explored how student loan debt accumulation influences higher education persistence and graduation, an unexplored area of higher…

The Office of Career, Technical, and Adult Education (OCTAE) administers and coordinates programs that support adult education and family literacy, career and technical education, correctional education, and community colleges. These programs span basic, secondary, and postsecondary education and provide pathways for individuals to obtain lifelong…

Previous scholars investigating the effects of student loan debt have conducted survey analyses involving large samples to examine the relationships among debt forgiveness, loan repayment behavior, income earnings, and returning home. Fewer works have explored the outcomes of student loan elimination in a qualitative study. In 2019, Robert Smith…

Since 2012, many Title IV institutions of higher education have sent their students debt letters to inform them of their outstanding loan amounts, estimated or real monthly payments, and other loan-related information. However, no extant research has analyzed whether these letters are written at an appropriate level for college students, nor has…

This paper uses new administrative data with detailed borrower information and lengthy repayment histories from the Canada Student Loans Program (CSLP) to measure rates of return on undergraduate student loans. We document substantial heterogeneity in returns based on information available at the time loans were disbursed, including province of…

The economic value students derive from postsecondary education relies on both earnings and wealth outcomes. And while sufficient earnings can create economic stability, wealth--which is the total value of assets (what one owns) minus total value of liabilities or debts (what one owes)--is key to the security necessary to withstand life's…

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…

This paper studies the patterns of individuals' student loan repayment for up to 12 years, tracking borrowers through the formative ages of the early 20s to the late 30s. Using social sequence and cluster analysis to understand these longitudinal repayment histories, we identify five archetypes of loan repayment that describe borrowers'…

This mixed research study focused on the selection criterion and guidelines used by the Higher Education Students Financing Board (HESFB) in granting students loan scheme to University Students in Uganda with a sample from Makerere University. Findings revealed that the majority of the loan beneficiaries are aware of these guidelines and one to…

Over the last three decades, the Direct Loan program has grown in size and complexity, with almost $1.4 trillion in outstanding federal student loans. The Direct Loan program provides financial assistance to students and their parents to help pay for postsecondary education. The US Government Accountability Office (GAO) was asked to review changes…

Outstanding federal student loan debt exceeds $1.6 trillion and is owed by approximately 45 million borrowers. Thus, a policy to broadly cancel federal student loan debt would directly apply to a discrete segment of the U.S. population. Cancelling some amount of federal student loan debt would alleviate loan repayment burdens for qualifying…

The SNAAP survey includes questions for alumni to rate both how important the skills they learned in school have been for their careers (perceived importance), and how well their alma maters helped them develop these same skills (perceived preparedness). Survey results and previous SNAAP Data Briefs [see ED612788] suggest a gap between alumni's…

In this report, the National Association of Student Financial Aid Administrators (NASFAA) seeks to fill the gaps in the conversation by providing thoughtful, systemic, and targeted policy solutions to address underlying flaws in the student loan repayment and servicing systems that lead borrowers into financial hardship. The report outlines…

This article presents the results of two projects exploring the experiences of working-class students in elite colleges. The first project is a nation-wide study that included 19 focus groups with 183 program participants of a condonable loan program, and additional interviews and focus groups with non-scholarship students, professors and…