ERIC Number: EJ1115466
Record Type: Journal
Publication Date: 2016-Sep-19
Pages: N/A
Abstractor: ERIC
ISBN: N/A
ISSN: ISSN-1938-5978
EISSN: N/A
New England's Disadvantaged Populations Struggle the Most with Student Debt Repayment
Saas, Darcy Rollins
New England Journal of Higher Education, Sep 2016
Regularly reported statistics about high and growing student-loan debt levels, combined with increased rates of delinquency and default, have prompted calls to address the student-debt "crisis." For New England, with its highly educated population and large higher education industry, student-loan debt is an important economic policy issue. Over the past decade, all six of the New England states have established commissions, subcommittees or contracted studies focused on the subject. These efforts have yielded diverse recommendations. Unfortunately, such policy discussions often lack detailed information on trends in state and regional student-loan debt. Further, they may lack data on which populations struggle the most with repayment of loans--information important to crafting an effective policy response. A new report by Federal Reserve Bank of Boston's New England Public Policy Center--"Student-Loan Debt, Delinquency, and Default: A New England Perspective"--provides a more complete picture of the problem, finding among other things, that disadvantaged populations are most challenged with student-loan debt repayment. This brief article highlights the report's findings and recommendations.
Descriptors: Disadvantaged Youth, Student Loan Programs, Loan Repayment, Debt (Financial), Loan Default, At Risk Persons, Postsecondary Education, Paying for College
New England Board of Higher Education. 45 Temple Place, Boston, MA 02111. Tel: 617-357-9620; Fax: 617-338-1577; e-mail: info@nebhe.org; Web site: http://www.nebhe.org
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Postsecondary Education; Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A