Application of the statistical techniques of survival analysis and credit scoring to private education loans extended to law students found a pronounced seasoning effect for such loans and the robust predictive power of credit bureau scoring of borrowers. Other predictors of default included school-of-attendance, school's geographic location, and…

A recent Education Department report reveals the nation's student loan default rate was the lowest ever in 1994, at less than half the rate of 1990. New enforcement power, improved collections, and an improving economy are credited with the change. However, high default rates threaten the right of over 300 colleges and universities to participate…

This article describes the operation of the student loan program in Nigeria, including its past problems and current attempts of the Nigerian Students Loans Board to improve efficiency of loan collection. It proposes the establishment of a new Education Bank to finance student loans and other forms of investment in higher education. (Author/DB)

State low-interest college loans programs for middle-class families have emerged in response to restrictions on federally subsidized Stafford Loans. The key difference between federal and state programs is that most state programs require student borrowers and cosigners to prove good credit risks, reducing loan default and making the programs…

The student loan default rate was 9.6% in 1996, a decline of 12.8% since the 1990 peak, saving the federal government $3 billion over six years. Since 1993 the Department of Education has barred 1065 institutions, mostly for-profit trade schools, from participating in federal student loan programs; institutions with a 40% default rate can lose…

Examined the influence of student debt load on college persistence using data from the National Postsecondary Aid Survey of 1992-93 and a model of student persistence that includes either total accumulated debt or threshold of accumulated debt. Findings indicated threshold of accumulated debt was a more effective method of examining student debt…

The use of Cohort Default Rate (CDR) as the primary measure of student loan defaults among undergraduates was investigated. The study used data extracted from the National Student Loan Data System (NSLDS), quantitative analysis of Likert-scale survey responses from 153 student financial aid professionals on proposed changes to present metrics and…

Data from three national databases were used to investigate the relationship between college student characteristics and college characteristics and patterns in loan repayment and default. Analysis suggested that repayment/default behavior can be predicted by precollege, college, and postcollege characteristics of individual borrowers but not by…

This article examines a 1993 decision by the District of Columbia Circuit Court of Appeals, which upheld the right of the Atlanta College of Medical and Dental Careers, Inc., to appeal the U.S. Department of Education's decision to eliminate it from the federal student loan program because of high loan default rates. (MDM)

Presents statistical evidence of the progress of African Americans in institutions of higher education in the United States. Statistics measure educational equality, doctoral degree awards, student loan eligibility, numbers of blacks from African nations enrolled in U.S. colleges and universities, and liberal arts degree awards. (GR)

Data on National Direct Student Loan Program borrowers at the University of North Carolina illustrate the use of a discriminant function analysis model and an alternative model identifying characteristics of borrowers who repay and borrowers who default. The alternative model--the Tobit technique--includes data on the magnitude of the default.…

Historical data concerning the federal Guaranteed Student Loan Program/Stafford Student Loan Program/Family Education Loan Program are presented, tracing default rates since 1980 and the population distributions for borrowers by institution type (overall, collegiate, noncollegiate, public or private, two- or four-year, proprietary). Individual…

After describing characteristics associated with student loan defaulters, the author provides supporting information from a qualitative survey that elicited perceptions about loan defaulters from 12 students, faculty and staff at a two-year college. Finds that student background characteristics play as great a role in loan default behavior as…

A discussion of debt burden, particularly for college students and graduates, looks at recent research, discusses borrower perceptions of debt burdens and excessive debt, analyzes debt-to-income ratios, and synthesizes these ideas into a universal model. Data from a 1990 state survey of borrowers by the Iowa College Student Aid Commission.…

This paper examines the use of student loans, a capitalist form of educational financing, in a socialist country, the People's Republic of China. Details of the program, including eligibility, loan amounts, interest charges, administration, and repayment terms, are summarized. The paper suggests that major problems may be encountered in securing…