ERIC Number: EJ1035361
Record Type: Journal
Publication Date: 2014
Reference Count: 29
Student Loans: Are We Getting Our Money's Worth?
Change: The Magazine of Higher Learning, v46 n4 p26-33 2014
Given the increasing expectation that students should bear most of the college-cost burden, loans have been the largest form of financial aid since 1982, a shift that has been particularly hard on needy students. Loan-aversion has contributed to the access problem for these students, while facilitating more privileged students' ability to attend more expensive four-year colleges then they could otherwise afford. As the debt load of matriculated poor and minority students rises, so too do their dropout rates. The student-loan program prevents loan-burdened four-year-college graduates from reaping equal returns on their education as classmates who graduate debt free--not simply because of loan payments but because of a differential capacity for capital accumulation.
Descriptors: Student Financial Aid, Student Loan Programs, College Students, Debt (Financial), Outcomes of Education, Minority Group Students, Economically Disadvantaged, Dropouts, Dropout Rate
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Authoring Institution: N/A