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ERIC Number: EJ797534
Record Type: Journal
Publication Date: 2008
Pages: 28
Abstractor: As Provided
Reference Count: 131
ISSN: ISSN-0034-6543
Dynamic Interactions and Intersubjectivity: Challenges to Causal Modeling in Studies of College Student Debt
Dowd, Alicia C.
Review of Educational Research, v78 n2 p232-259 2008
Loans are a central component of college finance, yet research has generated a dearth of strong evidence of their effect on student choices. This article examines challenges to causal modeling regarding the effects of borrowing and the prospects of indebtedness on students' college-going behaviors. Statistical estimates of causal effects are confounded by dynamic interactions between the decision to borrow and the characteristics of borrowers (endogeneity), their degree and earnings expectations (self-selection bias), and cumulative debt (temporal and threshold effects). Furthermore, interpretive research illustrates that college counseling is highly intersubjective, with application and financial aid advice predicated on perceptions of student socioeconomic class and degree prospects. These studies indicate the need for an interdisciplinary research agenda more inclusive of sociopsychological perspectives. (Contains 3 notes.)
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education
Audience: Researchers
Language: English
Sponsor: N/A
Authoring Institution: N/A