Factors Associated with Parent and Student Debt of Bachelor's Degree Recipients
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| Title: | Factors Associated with Parent and Student Debt of Bachelor's Degree Recipients |
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| Language: | English |
| Authors: | Kelchen, Robert |
| Source: | Journal of Student Financial Aid. Oct 2021 50(3). |
| Availability: | Center for Economic Education at the University of Louisville. Porter Building, 1905 South 1st Street, Louisville, Ky, 40292. e-mail: jsfa@louisville.edu; Web site: https://ir.library.louisville.edu/jsfa/ |
| Peer Reviewed: | Y |
| Page Count: | 10 |
| Publication Date: | 2021 |
| Document Type: | Journal Articles Reports - Research |
| Education Level: | Higher Education Postsecondary Education |
| Descriptors: | Student Loan Programs, Debt (Financial), Loan Repayment, Federal Aid, Paying for College, Parent Financial Contribution, Student Characteristics, Institutional Characteristics, Bachelors Degrees, Gender Differences, Family Income, Selective Admission, Racial Differences, Ethnicity, Public Colleges, Private Colleges, Grants |
| Laws, Policies and Program Identifiers: | Federal Direct PLUS Loan Program, Pell Grant Program |
| ISSN: | 0884-9153 |
| Abstract: | Parent PLUS loans are a growing concern due to their limited income-driven repayment protections and their potential to maintain longstanding racial wealth gaps. Previous research has examined factors associated with student debt burdens of college graduates, but no research has examined factors related to parent borrowing for college. In this brief, I use newly-released College Scorecard data to explore student and institutional characteristics associated with federal student loans and Parent PLUS loans of two recent bachelor's degree cohorts. I find meaningful differences in how certain characteristics are associated with student and parent debt, particularly gender, family income, and institutional selectivity. |
| Abstractor: | As Provided |
| Entry Date: | 2022 |
| Accession Number: | EJ1344325 |
| Database: | ERIC |
| Abstract: | Parent PLUS loans are a growing concern due to their limited income-driven repayment protections and their potential to maintain longstanding racial wealth gaps. Previous research has examined factors associated with student debt burdens of college graduates, but no research has examined factors related to parent borrowing for college. In this brief, I use newly-released College Scorecard data to explore student and institutional characteristics associated with federal student loans and Parent PLUS loans of two recent bachelor's degree cohorts. I find meaningful differences in how certain characteristics are associated with student and parent debt, particularly gender, family income, and institutional selectivity. |
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| ISSN: | 0884-9153 |
