ERIC Number: ED501960
Record Type: Non-Journal
Publication Date: 2007-Aug
Abstractor: As Provided
Reference Count: 0
The Effect of Credit Constraints on the College Drop-Out Decision: A Direct Approach Using a New Panel Study. NBER Working Paper No. 13340
Stinebrickner, Todd R.; Stinebrickner, Ralph
National Bureau of Economic Research
A serious difficulty in determining the importance of credit constraints in education arises because standard data sources do not provide a direct way of identifying which students are credit constrained. This has forced researchers to adopt a variety of indirect approaches. This paper differentiates itself from previous work by taking a direct approach for providing evidence about this issue which is made possible by unique longitudinal data that have been collected specifically for this type of purpose. Our results suggest that, while credit constraints likely play an important role in the drop-out decisions of some students, the large majority of attrition of students from low income families should be primarily attributed to reasons other than credit constraints.
Descriptors: Low Income, Family Financial Resources, Longitudinal Studies, College Students, Credit (Finance), Paying for College, Dropout Characteristics, Dropouts, Dropout Research, Withdrawal (Education), Financial Problems
National Bureau of Economic Research. 1050 Massachusetts Avenue, Cambridge, MA 02138-5398. Tel: 617-588-0343; Web site: http://www.nber.org/cgi-bin/get_bars.pl?bar=pub
Publication Type: Reports - Evaluative
Education Level: Higher Education; Postsecondary Education
Authoring Institution: National Bureau of Economic Research, Cambridge, MA.