IS HIGHER EDUCATION STILL A WISE INVESTMENT? EVIDENCE ON RISING STUDENT LOAN DEBT IN THE U.S.
IS HIGHER EDUCATION STILL A WISE INVESTMENT? EVIDENCE ON RISING STUDENT LOAN DEBT IN THE U.S.
Author(s): Elvira Nica, Catalina-Oana Mirica (Dumitrescu)Subject(s): Higher Education , State/Government and Education, Financial Markets
Published by: Addleton Academic Publishers
Keywords: higher education; student loan debt; United States; private market;
Summary/Abstract: Our paper adds to the rich literature on the considerably raised use of private loans in the United States as an additional supply of finance for households’ college investment. The results of the current study converge with prior research on the implications of growing debt for community college individuals. The paper generates insights about the increasing relevance of the private market for student loans in paying for higher education.
Journal: Psychosociological Issues in Human Resource Management
- Issue Year: 5/2017
- Issue No: 1
- Page Range: 235-241
- Page Count: 7
- Language: English
- Content File-PDF