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ERIC Number: ED564589
Record Type: Non-Journal
Publication Date: 2014-Jun-24
Pages: 8
Abstractor: ERIC
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Important Insights on College Choice and the Burden of Student-Loan Debt
Baylor, Elizabeth; Murray, Olivia
Center for American Progress
Completing higher education after high school continues to be the most reliable way for Americans to expand their economic opportunity. Students gain skills that not only let them achieve a secure economic future, but also allow them to experience fulfilling professional opportunities. For many students and families, this means taking on debt to pay for a degree at a college, university, or technical training center. The people most suited to provide insight into a discussion about the impact of student-loan debt are those who are working hard to pay off student loans. Therefore, as members of the Higher Ed, Not Debt campaign, the Center for American Progress (CAP) and its youth-advocacy team, Generation Progress, conducted a survey of former students with loans and asked them questions about whether they thought about debt when choosing a college. The survey asked these students how likely they would be now, after experiencing loan repayment, to consider debt important to their college choice. A total of 27,686 former students answered the four survey questions examined for this analysis. The survey sought information about how borrowers evaluated the impact of debt after leaving the postsecondary education system in order to see if it is possible to better direct the choices of incoming students so they can minimize their student-loan debt. This issue brief examines the survey results across four key topics: level of education, the amount of debt owed, the factors considered upon college enrollment, and the factors most important after leaving school and entering loan repayment. It organizes this information based on the amount of debt students had when they left school and the level of degree they attained. The brief also compares this information to the respondents' answers about their top factors for choosing a school at the time of enrollment versus their top factors now. In particular, it examines if borrowers included net price as one of their top five factors for selecting a college at either point.
Center for American Progress. 1333 H Street NW 10th Floor, Washington, DC 20005. Tel: 202-682-1611; Web site: http://www.americanprogress.org
Publication Type: Reports - Evaluative
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Center for American Progress