Student debt and hardship: Evidence from a large sample of low- and moderate-income households.
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| Title: | Student debt and hardship: Evidence from a large sample of low- and moderate-income households. |
|---|---|
| Authors: | Despard, Mathieu R.1 mdespard@umich.edu, Perantie, Dana2 dperantie@wustl.edu, Taylor, Samuel2 samuel.taylor@wustl.edu, Grinstein-Weiss, Michal2 michalgw@wustl.edu, Friedline, Terri3 tfriedline@ku.edu, Raghavan, Ramesh2 ramesh.raghavan@rutgers.edu |
| Source: | Children & Youth Services Review. Nov2016, Vol. 70, p8-18. 11p. |
| Subject Terms: | *College students, *Endowments, *Health services accessibility, *Research methodology, Debt, Socioeconomic factors, Descriptive statistics |
| Abstract: | Student debt has risen in recent years as higher education costs have shifted to students and their families, particularly those with low-to-moderate incomes (LMI). Though a college degree continues to convey higher earnings, those who finance their degrees have lower net worth and greater financial difficulties than persons without student debt. We assess the relationship between student debt and material and health care hardship among a large sample ( n = 5558) of LMI tax filers, using propensity score analysis to adjust for self-selection into student debt status and loan amount and monthly payment quartiles. We find that participants with student debt have a higher likelihood of hardship. Loan amounts only partially predict hardship, and borrowers making current loan payments are at lower odds for hardship than non-payers. We also find that among those with student debt, non-payers and those without college degrees have much greater social and economic disadvantages. [ABSTRACT FROM AUTHOR] |
| Copyright of Children & Youth Services Review is the property of Pergamon Press - An Imprint of Elsevier Science and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) | |
| Database: | Education Research Complete |
| FullText | Text: Availability: 0 |
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| Header | DbId: ehh DbLabel: Education Research Complete An: 119176347 AccessLevel: 6 PubType: Academic Journal PubTypeId: academicJournal PreciseRelevancyScore: 0 |
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| Items | – Name: Title Label: Title Group: Ti Data: Student debt and hardship: Evidence from a large sample of low- and moderate-income households. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Despard%2C+Mathieu+R%2E%22">Despard, Mathieu R.</searchLink><relatesTo>1</relatesTo><i> mdespard@umich.edu</i><br /><searchLink fieldCode="AR" term="%22Perantie%2C+Dana%22">Perantie, Dana</searchLink><relatesTo>2</relatesTo><i> dperantie@wustl.edu</i><br /><searchLink fieldCode="AR" term="%22Taylor%2C+Samuel%22">Taylor, Samuel</searchLink><relatesTo>2</relatesTo><i> samuel.taylor@wustl.edu</i><br /><searchLink fieldCode="AR" term="%22Grinstein-Weiss%2C+Michal%22">Grinstein-Weiss, Michal</searchLink><relatesTo>2</relatesTo><i> michalgw@wustl.edu</i><br /><searchLink fieldCode="AR" term="%22Friedline%2C+Terri%22">Friedline, Terri</searchLink><relatesTo>3</relatesTo><i> tfriedline@ku.edu</i><br /><searchLink fieldCode="AR" term="%22Raghavan%2C+Ramesh%22">Raghavan, Ramesh</searchLink><relatesTo>2</relatesTo><i> ramesh.raghavan@rutgers.edu</i> – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22Children+%26+Youth+Services+Review%22">Children & Youth Services Review</searchLink>. Nov2016, Vol. 70, p8-18. 11p. – Name: Subject Label: Subject Terms Group: Su Data: *<searchLink fieldCode="DE" term="%22College+students%22">College students</searchLink><br />*<searchLink fieldCode="DE" term="%22Endowments%22">Endowments</searchLink><br />*<searchLink fieldCode="DE" term="%22Health+services+accessibility%22">Health services accessibility</searchLink><br />*<searchLink fieldCode="DE" term="%22Research+methodology%22">Research methodology</searchLink><br /><searchLink fieldCode="DE" term="%22Debt%22">Debt</searchLink><br /><searchLink fieldCode="DE" term="%22Socioeconomic+factors%22">Socioeconomic factors</searchLink><br /><searchLink fieldCode="DE" term="%22Descriptive+statistics%22">Descriptive statistics</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: Student debt has risen in recent years as higher education costs have shifted to students and their families, particularly those with low-to-moderate incomes (LMI). Though a college degree continues to convey higher earnings, those who finance their degrees have lower net worth and greater financial difficulties than persons without student debt. We assess the relationship between student debt and material and health care hardship among a large sample ( n = 5558) of LMI tax filers, using propensity score analysis to adjust for self-selection into student debt status and loan amount and monthly payment quartiles. We find that participants with student debt have a higher likelihood of hardship. Loan amounts only partially predict hardship, and borrowers making current loan payments are at lower odds for hardship than non-payers. We also find that among those with student debt, non-payers and those without college degrees have much greater social and economic disadvantages. [ABSTRACT FROM AUTHOR] – Name: AbstractSuppliedCopyright Label: Group: Ab Data: <i>Copyright of Children & Youth Services Review is the property of Pergamon Press - An Imprint of Elsevier Science and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.) |
| PLink | https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=ehh&AN=119176347 |
| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.1016/j.childyouth.2016.09.001 Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 11 StartPage: 8 Subjects: – SubjectFull: College students Type: general – SubjectFull: Endowments Type: general – SubjectFull: Health services accessibility Type: general – SubjectFull: Research methodology Type: general – SubjectFull: Debt Type: general – SubjectFull: Socioeconomic factors Type: general – SubjectFull: Descriptive statistics Type: general Titles: – TitleFull: Student debt and hardship: Evidence from a large sample of low- and moderate-income households. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Despard, Mathieu R. – PersonEntity: Name: NameFull: Perantie, Dana – PersonEntity: Name: NameFull: Taylor, Samuel – PersonEntity: Name: NameFull: Grinstein-Weiss, Michal – PersonEntity: Name: NameFull: Friedline, Terri – PersonEntity: Name: NameFull: Raghavan, Ramesh IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 11 Text: Nov2016 Type: published Y: 2016 Identifiers: – Type: issn-print Value: 01907409 Numbering: – Type: volume Value: 70 Titles: – TitleFull: Children & Youth Services Review Type: main |
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