US education debt and cost debate will rise pre-2020

2019 ◽  
Keyword(s):  
Tertiary Education ◽  
Student Loan ◽  
Election Campaign ◽  
Student Debt ◽  
Loan Repayment ◽  
Content Type ◽  
Form Part ◽  
Education Costs ◽  
Education Debt ◽  
Debt Levels

Subject The debate around US college fees and debt reduction. Significance The Democratic Party’s nominee for US president will be picked in 2020, but pre-campaigning by the current 22 contenders for the nomination is well underway. Two issues of inter-generational importance that all candidates are starting to talk about in hustings and public appearances is university tuition and student debt. Reducing student debt levels and tertiary education fees will form part of the 2020 election campaign. Impacts The Trump administration’s 2020 budget measures to alleviate education costs could fall prey to inter-party fighting. If universities are to lower charges, they will likely reduce services to plug the gap, potentially hitting education provision. Lowering university costs would also see universities seeking more outside investment, which could affect strategy decisions. Reducing student costs would help students avoid taking on new debt post-college: fees are not waived due to bankruptcy. Some candidates suggest fixed student loan repayment rates, which would reduce lenders’ profits.

Social Capital’s Impact on College Graduation Rates, Debt, and Student Loan Defaults

2020 ◽  
pp. 152102512091887
Author(s):  
Steve Joanis ◽  
James Burnley ◽  
J. D. Mohundro
Keyword(s):  
Social Capital ◽  
Graduation Rates ◽  
Student Loan ◽  
Theory And Practice ◽  
College Graduation ◽  
Student Debt ◽  
Loan Default ◽  
College Graduation Rates ◽  
Default Rates ◽  
Debt Levels

This study extends the literature on education economics and student retention by examining social capital as a predictor of college graduation rates, student debt levels, and student loan default rates. Coleman’s social capital theory is employed to understand how social influences can impact students through external social support (i.e., social capital). The study uses school-level data from the U.S. Department of Education’s Integrated Postsecondary Education Data System and two social capital measures. Results suggest that social capital, at both the state and the community level, significantly influences graduation rates, student debt levels, and loan default rates. Implications for theory and practice are discussed.

High US student debt aids GDP overall but raises risks

2019 ◽  
Keyword(s):  
Credit Card ◽  
Home Ownership ◽  
Student Loan ◽  
Drop Out ◽  
Household Formation ◽  
Student Debt ◽  
Older Students ◽  
Consumer Debt ◽  
Student Loan Debt ◽  
Content Type

Subject Economics implications of US student debt. Significance Student loan debt is the largest category of outstanding US consumer debt after mortgages, totaling almost 1.5 trillion dollars -- nearly twice the amount of credit card debt -- and it weighs on the minds and bank accounts of many US citizens. Anecdotal evidence abounds that hefty student debts are crushing the millennial generation (born between the early 1980s and mid-1990s) by preventing them from accumulating wealth and causing them to delay milestones including marriage and home ownership. Impacts Student debt repayments do not seem to crowd out consumption but may encourage indebtedness if people take on more debt to sustain spending. As well as delaying household formation, student debt may delay young adults' saving for retirement, signposting problems decades ahead. Lifelong learning is key to tech and ageing trends, but older students may drop out or default on debt more, multiplying the challenges.

An Examination Of Business Students Student Loan Debt And Total Debt

2010 ◽  
Vol 3 (4) ◽  
pp. 71-78 ◽  
Author(s):  
Ann T. Kuzma ◽  
John R. Kuzma ◽  
Harold F. Thiewes
Keyword(s):  
Business Students ◽  
Student Loan ◽  
Debt Management ◽  
University Education ◽  
Economic Downturn ◽  
Student Debt ◽  
State University ◽  
Family Assistance ◽  
College Of Business ◽  
Debt Levels

Under the current economic environment and its high levels of unemployment, many people are turning to university education to attain higher education or simply to upgrade their skills and avoid continued unemployment.  This paper examines student workloads, debt levels, and the debt perceptions of junior- and senior-level College of Business students at a Midwestern state university during the current economic downturn.  The paper also examines factors that influence the level of student debt such as semester credit load taken, employment and family assistance.  Overall, the students felt confident in securing employment upon graduation and in managing their debt load.  Results of regression analyses indicated that expected salary was significantly influenced by this confidence.  Additionally, students’ confidence in their employment prospects and debt management abilities, and their belief that debt would impact their future lifestyles, were significantly related to student debt levels.

scholarly journals Influence of student debt on health career location and specialty

2018 ◽  
Vol 10 (1) ◽  
pp. 54 ◽  
Author(s):  
Steven Ling ◽  
Robert Jacobs ◽  
Rhys Ponton ◽  
Julia Slark ◽  
Antonia Verstappen ◽  
...  
Keyword(s):  
Primary Care ◽  
New Zealand ◽  
Medical Students ◽  
Rural Areas ◽  
Student Loan ◽  
Rural Practice ◽  
Pharmacy Students ◽  
Student Debt ◽  
Optometry Students ◽  
Debt Levels

ABSTRACT INTRODUCTION In New Zealand (NZ), there are shortages of health professionals in rural areas and in primary care. AIM This study aims to examine the association of student debt levels of medical, nursing, pharmacy and optometry students with: (1) preferred geographical location of practice, specifically preference to work in urban vs. rural areas; and (2) preferred career specialties, specifically interest in primary health care. METHODS Medical, nursing, pharmacy and optometry students completed a questionnaire at graduation that included questions about levels of New Zealand Government Student Loan debt and preferences regarding location of practice and career specialty. In an additional survey, medical students were asked to self-rate the effect of financial factors on their career choices. RESULTS Debt patterns varied across programmes. Medical and pharmacy students with high debt were significantly more likely than students with low debt to prefer rural over urban practice (P = 0.003). There was no difference in level of interest in a primary care specialty by debt level for any programme. Medical students reported little influence of debt on career choice, although students with high debt levels were less concerned over career financial prospects than students with lower levels of debt. DISCUSSION Current levels of student debt do not deter students from planning a career in rural or primary care settings. Somewhat surprisingly, higher levels of debt are associated with greater rural practice intentions for medical and pharmacy students, although the underlying reasons are uncertain.

Understanding Student Debt: Implications for Federal Policy and Future Research

2017 ◽  
Vol 671 (1) ◽  
pp. 270-286 ◽  
Author(s):  
Laura W. Perna ◽  
James Kvaal ◽  
Roman Ruiz
Keyword(s):  
Degree Completion ◽  
Student Outcomes ◽  
Federal Policy ◽  
Student Loan ◽  
Future Research ◽  
Student Debt ◽  
Loan Repayment

This article reflects on the major themes that emerge in the studies presented in this volume, concentrating on implications for federal policy and future research. We emphasize that for future federal policy to be successful, it will need to be revamped in ways that are relatively nuanced, encouraging (among other things) enrollment and persistence to degree completion among students who might not otherwise take loans or go to college, protecting taxpayers and students against investments in low-performing colleges, making federal loan programs more understandable to students who need them, and reducing the risks of student loan nonrepayment. For future research we make numerous recommendations, including calls for attention to debt aversion, income-based loan repayment, and the effects of borrowing on a broad range of student outcomes.

Determinant Factors of Student's Perception Toward Educational Loan Repayment

2018 ◽  
Vol 15 (1) ◽  
pp. 73-83
Author(s):  
Siti Zulaika Zolkeplee ◽  
Abu Bakar Hamed ◽  
Ahamad Faosiy Ogunbado
Keyword(s):  
Parental Influence ◽  
Student Loan ◽  
Influential Factors ◽  
Ministry Of Education ◽  
Loan Repayment ◽  
Education Fund ◽  
Relationship Of ◽  
The Relationship ◽  
Universiti Utara Malaysia ◽  
Survey Approach

The issue of unpayable educational loan that lead to student’s defaults has become a worrying trend all over the world. This research aims to examine the relationship of anxiety, parental influence, media awareness, and religiosity on student’s perception on educational loan repayment. A survey approach has been adopted to investigate student’s perception on educational loan repayment in Universiti Utara Malaysia. The data for this study were collected via structured questionnaires which were completed by 359 undergraduate Muslim’s students who acquire their financial loan from National Higher Education Fund Corporation (NHEFC). The data were then quantitatively analyzed using SPSS program. The findings of Pearson’s correlation showed a positive correlation between student’s perception towards educational loan repayment and religiosity, parental influence, media awareness, and anxiety. Further analysis using a multiple regression indicated that all independent variables explained 32.9 per cent of student’s perception on educational loan repayment. The result again indicated that religiosity and parent’s influence are most influential factors on student’s perception towards educational loan repayment. Whilst, media awareness slightly contributed to student’s perception towards educational loan repayment and anxiety gave no impact. The result implied that the Ministry of Education may design the syllabus in school and university curricular by adding the value of responsibility in loan repayment especially in religious and moral subjects. Besides, the Ministry Education of Malaysia are also urged to use media to disseminate the information regarding the importance for students to make loan repayment to parents as well as students. The collection of student loan then can be used for the next generation in financing their study which could result the prosperity of nation.

Student loan debt and first-time home buying in USA

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Robert H. Scott III ◽  
Steven Bloom
Keyword(s):  
College Graduates ◽  
Student Loans ◽  
Student Loan ◽  
Home Equity ◽  
Student Loan Debt ◽  
Content Type ◽  
Loan Debt ◽  
The Usa ◽  
First Time ◽  
Home Buying

Purpose This paper aims to examine the relationship between student loan debt and first-time home buying among college graduates aged 23 to 40 years old in the USA. Design/methodology/approach The authors use the Federal Reserve’s 2019 Survey of Consumer Finances data on American households to present descriptive statistics and run logistic regressions that measure the effects of student loan debt on first-time home buying. The authors also present original survey data of mortgage lenders that provides an industry-level perspective. Findings The authors find that having student loan debt does not by itself prohibit first-time home buyers. On the contrary, having student loan debt increases the likelihood of homeownership by 15.1%. People with student loan debt, however, buy homes that are 39.2% less expensive and have 58% less home equity compared to first-time home buyers without student loans. In addition, it is found that the amount of student loan debt is important. People with student loan debt above the median amount among people with student loan debt ($35,000) are 27% less likely to be first-time home buyers. Practical implications This paper provides public policy analysts and other researchers a different perspective on the correlation between student loan debt and home buying. This study focuses narrowly on first-time home buyers who are college graduates between 23 and 40 years. Thus, capturing the youngest cohort of first-time home buyers and examine the primary factors that influence their home buying decisions. Originality/value First-time homebuyers are historically the largest segment of home buyers making them an important subcategory to study. The rise in student loan debt is posited to explain declining homeownership among younger people. The current literature on student loan debt and home buying often studies samples that are too heterogeneous resulting in mixed findings. This paper adds to the existing literature by filtering the sample to study the effects of student loan debt and first-time home buying among people with at least a college degree who are between 23 and 40 years.

Assessing design buildability through virtual reality from the perspective of construction students

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Don Amila Sajeevan Samarasinghe ◽  
Imelda Saran Piri
Keyword(s):  
Virtual Reality ◽  
Tertiary Education ◽  
Building Design ◽  
Assessment Process ◽  
Online Questionnaire ◽  
Sustainable Building ◽  
Content Type ◽  
Building Information ◽  
2D Drawing ◽  
The Impact

PurposeThe purpose of this paper is to evaluate the impact of visual models on the ability of construction students to assess design buildability.Design/methodology/approachThe study engaged 45 construction students from one selected tertiary education institute in New Zealand. The data collection process involved meeting the students face-to-face and demonstrating the VR model to them, after which the students completed an online questionnaire and assessed design buildability using both 2D drawing and virtual reality (VR) models. To make this assessment, the participants considered a residential earth building modelled to promote sustainable building features. The assessment process required the participants to evaluate the design buildability of the same building design using a 2D drawing and a 3D VR model.FindingsThe study found that VR models have significant advantages for assessing design buildability. Students measured 16.80% higher average buildability with the 3D VR model compared to the 2D drawing. The participants in the evaluation felt that the visual model significantly improved the comprehensibility of complex designs, which helped identify and manage design buildability (overall, 83% of participants strongly supported this).Originality/valueThe paper showed construction digitisation such as VR, augmented reality and building information modelling is highly cooperative as it can easily be made available for online learning. Thus, the findings support construction educators use online-based VR learning to promote efficient teaching of design buildability to students.

An evaluation of public policy student placements: outcomes of a Malta-based study

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Anne Marie Thake
Keyword(s):  
Public Policy ◽  
Tertiary Education ◽  
Real Life ◽  
Added Value ◽  
Academic Disciplines ◽  
Online Questionnaire ◽  
Content Type ◽  
Course Content ◽  
Mandatory Requirement ◽  
Practical Implications

PurposeThe purpose of this paper is to evaluate short-term, unpaid placements offered to students reading for a degree in public policy. They provide added value to their tertiary education experience. Elective placements were offered in 2012 and became a mandatory requirement for students reading for a three-year bachelor of commerce degree in public policy in 2018. To date, no research has been carried out on these placements and this may serve as a model for a post-evaluation assessment.Design/methodology/approachData were collected from students who undertook placements, embedded in the public policy undergraduate programme. A document analysis of selected student and placement provider's reports was carried out to complement the students' responses to an online questionnaire.FindingsPlacements are of value to students as they served as an introduction to the working world. They enable students to establish connections with the course content and carry out research. They were exposed to real-life situations, developing their knowledge, acquiring soft skills and learning new tools, sought after by employers. These placements were valued as a route to graduate employment tailor-made to the degree's requirements. Students were able to embark on a soul-searching, introspective discovery and journey which made them mature and shed light in the direction of future work prospects.Research limitations/implicationsPlacements give students the opportunity to gain insights into real-work environments and are able to link theories learnt in the class-room with real-life situations. Placements have positive implications on students adjusting to their work life easily after graduation. The limitations are that the sample size was small and that the reflective reports which were randomly selected may not have necessarily been representative of the full complement.Practical implicationsThe practical implications are that the placements system and process can easily be implemented and replicated in other academic disciplines and universities as a compulsory component of their studies.Social implicationsPlacements gave students the opportunity to reflect on their learning, develop non-technical skills and enhance their confidence levels. They were also able to network and communicate with different employees.Originality/valuePlacements provided exposure to relevant organisations and personal enrichment in terms of acquiring skills, autonomy and independence. Students with placement experience are also more likely to secure future employment, relevant to their undergraduate degree.

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