University students are potential customers of peer-to-peer (P2P) lending and pawnbroking services. However, the existing literature has primarily underestimated such borrowers' opinions of these services, especially from a comparative standpoint. In addition, previous studies have also neglected the implications for personal financial and…

This paper studies the patterns of individuals' student loan repayment for up to 12 years, tracking borrowers through the formative ages of the early 20s to the late 30s. Using social sequence and cluster analysis to understand these longitudinal repayment histories, we identify five archetypes of loan repayment that describe borrowers'…

The cost of post-secondary education (PE) continues to increase, which has contributed to elevating federal loan demand, and as of the fourth quarter of 2020, equaling a debt of $1.56 trillion in the US. The purpose of this research was to compare two post-secondary institutions for specific alignment with the local labor market, examine…

The student loan crisis has become a buzz topic that presidential candidates frequently discuss in debates and town halls. Today, accumulated student loan debt equals $1.6 trillion, exceeding total accumulated car loans and credit card debt. What makes this a crisis is the fact that approximately 22 percent of student loan borrowers default on…

A result of the last recession was the closure or merging of many higher education institutions (HEIs) throughout the New England region. In October 2019, the New England Board of Higher Education (NEBHE) in convened a group of economists and higher education leaders at the Federal Reserve Bank of Boston to talk about "The Future of Higher…

Data from the US Department of Education (2012) indicates that college education has become an expensive investment to the extent that an increasing number of students cannot pay for it, as they default on their loans. Student loan default rate have increased from 4.6% in 2005 to 9.1% in 2010.

Burgeoning student debt and the ability of programs to adequately prepare students for jobs that will allow them to repay that debt comprise a topic of great interest in the current higher education policy environment. A key accountability measure used by the Department of Education for more than two decades has been the student loan cohort…

Many studies conducted on the Higher Education Students Loans Board (HESLB) have mostly concentrated on its success, sustainability and effectiveness on loans issuance and repayment. None had focused on its performance towards human capital investment. This study sought to explain and analyze HESLB's performance in human capital investment, which…

The cost of students' loans defaulting has lead to a serious discussion among participants. Substantial attention has been made on the students' loans and its impact on higher education finances while researches on students' loans defaults have not been taken for more than a decade. Therefore this study examines the influence of student loans…

While most in the academic community know about the attempt to rein in the for-profits, few are aware of its collateral damage. In October, the Department of Education (DOE) issued its Program Integrity Rules, intended to protect federal funds especially from those for-profit institutions with high student loan default rates. Well-intentioned…

The growth over the last decade of the for-profit sector of higher education (also known as the proprietary sector) has been well documented. In 1999, for-profit colleges and universities enrolled approximately 629,000 students, or a little over 4 percent of the nation's 15.2 million students. By 2009, this sector had increased to 2.2 million…

Toxic mortgages are one of the causes of the current economic crisis. Where did they come from--apart from those spectacularly down-at-heel areas of American cities where loans for housing are peddled on a day-rate basis? One driver was the demutualisation of building societies, on the basis that, as banks, they would have access to the capital…

The end of the fiscal year usually isn't a momentous occasion for colleges. But this June 30 could be a day of reckoning many never expected. Colleges borrowed billions of dollars over the past decade to improve facilities and fulfill their ambitions. Now the consequences may be about to blow up in their finances. The author reports on how…

Typically, efforts made by colleges and universities to provide more accountability are linked to having institutions provide more information and make their processes more transparent to their various stakeholders. One way in which public institutions can reasonably be held accountable is to rely to a large extent on the relationship they have…

Reviews tips from financial aid programs aimed at reducing default on student loans. Tips include: know your students, target your efforts, help students stay in school, give students appropriate information during "learning moments," and make information easy to get and understand. Includes lists of other resources. (EV)