Student Loans and the Dynamics of Debt by Brad HershbeinCall Number: ebook
ISBN: 0880994878
Publication Date: 2015-01-01
"The papers included in this volume represent the most current research and knowledge available about student loans and repayment. It serves as a valuable reference for researchers and policymakers who seek a deeper understanding of how, why, and which students borrow for their postsecondary education; how this borrowing may affect later decisions; and what measures can help borrowers repay their loans successfully."-- Provided by publisher
Title page -- Copyright page -- Dedication -- Contents -- Acknowledgments -- 1 -- Introduction, by Brad Hershbein and Kevin M. Hollenbeck -- 2 -- The Evolution of Student Debt in the United States, by Sandy Baum -- 3 -- Measuring Student Debt and Its Performance, by Meta Brown, Andrew Haughwout, Donghooh Lee, Joelle Scally, and Wilbert van der Klaauw -- 4 -- The Distribution of College Graduate Debt, 1990-2008: A Decomposition Approach, by Brad Hershbein and Kevin M. Hollenbeck
5 -- Understanding Changes in the Distribution of Student Loan Debt over Time, by Elizabeth Akers, Matthew M. Chingos, and Alice M. Henriques6 -- College Costs and Financial Constraints: Student Borrowing at For-Profit Institutions, by Stephanie Riegg Cellini and Rajeev Darolia -- 7 -- Private Student Loans and Bankruptcy: Did Four-Year Undergraduates Benefit from the Increased Collectability of Student Loans?, by Xiaoling Ang and Dalie Jimenez -- 8 -- Default and Repayment among Baccalaureate Degree Earners, by Lance J. Lochner and Alexander Monge-Naranjo
9 -- The Effects of Student Loans on Long-Term Household Financial Stability, by Dora Gircheva and Jeffrey Thompson10 -- Making Sense of Loan Aversion: Evidence form Wisconsin, by Sara Goldrick-Rab and Robert Kelchen -- 11 -- Federal Student Loan Policy: Improving Loan Design, Repayment, and Consumer Protections, by Lauren Asher, Debbie Cochrane, Pauline Abernathy, Diane Cheng, Joseph Mais, and Jessica Thompson -- 12 -- Loans for Educational Opportunity: Making Borrowing Work for Today's Students, by Susan Dynarski and Daniel Kreisman
13 -- Measuring the Benefits of Income-Based Repayment for Graduate and Professional Students, by Jason Delisle, Alex Holt, and Kristin BlaggAuthors -- Discussants -- Index -- About the Institute
Indentured Students by Call Number: ebookISBN: 0674269799Publication Date: 2021-08-03The untold history of how America's student-loan program turned the pursuit of higher education into a pathway to poverty. It didn't always take thirty years to pay off the cost of a bachelor's degree. Elizabeth Tandy Shermer untangles the history that brought us here and discovers that the story of skyrocketing college debt is not merely one of good intentions gone wrong. In fact, the federal student loan program was never supposed to make college affordable. The earliest federal proposals for college affordability sought to replace tuition with taxpayer funding of institutions. But Southern whites feared that lower costs would undermine segregation, Catholic colleges objected to state support of secular institutions, professors worried that federal dollars would come with regulations hindering academic freedom, and elite-university presidents recoiled at the idea of mass higher education. Cold War congressional fights eventually made access more important than affordability. Rather than freeing colleges from their dependence on tuition, the government created a loan instrument that made college accessible in the short term but even costlier in the long term by charging an interest penalty only to needy students. In the mid-1960s, as bankers wavered over the prospect of uncollected debt, Congress backstopped the loans, provoking runaway inflation in college tuition and resulting in immense lender profits. Today 45 million Americans owe more than $1.5 trillion in college debt, with the burdens falling disproportionately on borrowers of color, particularly women. Reformers, meanwhile, have been frustrated by colleges and lenders too rich and powerful to contain. Indentured Students makes clear that these are not unforeseen consequences. The federal student loan system is working as designed.