ERIC Number: EJ1284992
Record Type: Journal
Publication Date: 2021-Jan
Pages: 21
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-0951-5224
EISSN: N/A
Paying Back Student Loans: Demographic, Human Capital and Other Correlates of Default and Repayment Difficulty
Pizarro Milian, Roger; Zarifa, David; Seward, Brad
Higher Education Quarterly, v75 n1 p77-97 Jan 2021
Government-sponsored student loans have emerged over the decades as a primary method of financing post-secondary education across most North American jurisdictions. Despite this, the empirical literature examining the correlates of repayment difficulty and default in Canada has remained stagnant in recent years. This study taps into an underutilised data source--the 2013 National Graduates Survey--to examine the relationship between demographics, human capital, borrowing behaviour and other known predictors and repayment difficulty. Our logistic regression models demonstrate that disability status, geographic region and borrowing behaviour are correlated with loan default and repayment difficulty, while failing to verify the existence of other demographic effects routinely found in the existing literature. We discuss the implications of these findings, along with multiple avenues for further empirical work on this topic within Canada.
Descriptors: Student Loan Programs, Loan Repayment, Loan Default, Foreign Countries, Human Capital, Predictor Variables, Disabilities, Geographic Regions, Demography, Postsecondary Education, Correlation
Wiley. Available from: John Wiley & Sons, Inc. 111 River Street, Hoboken, NJ 07030. Tel: 800-835-6770; e-mail: cs-journals@wiley.com; Web site: https://bibliotheek.ehb.be:2191/en-us
Publication Type: Journal Articles; Reports - Research
Education Level: Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Canada
Grant or Contract Numbers: N/A