ERIC Number: EJ1045526
Record Type: Journal
Publication Date: 2010
Abstractor: As Provided
Reference Count: 65
Student Loan Default: Do Characteristics of Four-Year Institutions Contribute to the Puzzle?
Webber, Karen L.; Rogers, Sharon L.
Journal of Student Financial Aid, v44 n2 Article 2 2014
College student debt and loan default are growing concerns in the United States. For each U.S. institution, the federal government is now reporting a cohort default rate, which is the percent of students who defaulted on their loan, averaged over a three-year period. Previous studies have amply shown that student characteristics are strongly associated with educational debt and one's ability to repay student loans; however, few studies have deeply examined the relationship between institutional characteristics and student loan default. This study examined characteristics of 1,399 four-year not-for- profit U.S. institutions and found significant differences in the 2010 federal student loan default rate by some important institutional variables, including admissions yield, geographic region, percent of minority students, institution control (private versus public), endowment, and expenditures for student services. Findings related to institutional characteristics can illuminate our understanding of the student loan default puzzle, and have implications for student success, academic policy, and resource allocation decisions.
Descriptors: College Students, Debt (Financial), Loan Default, Student Loan Programs, Student Characteristics, Institutional Characteristics, Predictor Variables, Geographic Regions, Minority Group Students, Racial Composition, Private Colleges, Public Colleges, Endowment Funds, Expenditures, Cohort Analysis, Money Management, Knowledge Level, Correlation, Regression (Statistics), Student Financial Aid Officers, Student Financial Aid
National Association of Student Financial Aid Administrators. 1101 Connecticut Avenue NW Suite 1100, Washington, DC 20036. Tel: 202-785-0453; Fax: 202-785-1487; e-mail: email@example.com; Web site: http://www.nasfaa.org
Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Authoring Institution: N/A