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PLUS or Minus? The Effect of Graduate School Loans on Access, Attainment, and Prices. EdWorkingPaper No. 23-781

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Title: PLUS or Minus? The Effect of Graduate School Loans on Access, Attainment, and Prices. EdWorkingPaper No. 23-781
Language: English
Authors: Sandra E. Black, Lesley J. Turner, Jeffrey T. Denning, Annenberg Institute for School Reform at Brown University
Source: Annenberg Institute for School Reform at Brown University. 2023.
Availability: Annenberg Institute for School Reform at Brown University. Brown University Box 1985, Providence, RI 02912. Tel: 401-863-7990; Fax: 401-863-1290; e-mail: annenberg@brown.edu; Web site: https://annenberg.brown.edu/
Peer Reviewed: N
Page Count: 49
Publication Date: 2023
Sponsoring Agency: Arnold Ventures
Document Type: Reports - Research
Education Level: Higher Education
Postsecondary Education
Descriptors: Student Loan Programs, Graduate Students, Federal Aid, Access to Education, Educational Attainment, Academic Persistence, Disproportionate Representation, Student Costs
Geographic Terms: Texas
Laws, Policies and Program Identifiers: Federal Direct PLUS Loan Program
Abstract: In 2006, the federal government effectively uncapped student borrowing for graduate programs with the introduction of the Graduate PLUS loan program. Access to additional federal loans increased graduate students' borrowing and shifted the composition of their loans from private to federal debt. However, the increase in borrowing limits did not improve access to existing programs overall or for underrepresented groups. Nor did access to additional loan aid result in significant increase in constrained students' persistence or degree receipt. We document that among programs in which a larger share of graduate students had exhausted their annual federal loan eligibility before the policy change--and thus were more exposed to the expansion in access to credit--federal borrowing and prices increased.
Abstractor: As Provided
Entry Date: 2025
Accession Number: ED672308
Database: ERIC
FullText Text:
  Availability: 0
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  Data: Annenberg Institute for School Reform at Brown University. Brown University Box 1985, Providence, RI 02912. Tel: 401-863-7990; Fax: 401-863-1290; e-mail: annenberg@brown.edu; Web site: https://annenberg.brown.edu/
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  Data: <searchLink fieldCode="DE" term="%22Student+Loan+Programs%22">Student Loan Programs</searchLink><br /><searchLink fieldCode="DE" term="%22Graduate+Students%22">Graduate Students</searchLink><br /><searchLink fieldCode="DE" term="%22Federal+Aid%22">Federal Aid</searchLink><br /><searchLink fieldCode="DE" term="%22Access+to+Education%22">Access to Education</searchLink><br /><searchLink fieldCode="DE" term="%22Educational+Attainment%22">Educational Attainment</searchLink><br /><searchLink fieldCode="DE" term="%22Academic+Persistence%22">Academic Persistence</searchLink><br /><searchLink fieldCode="DE" term="%22Disproportionate+Representation%22">Disproportionate Representation</searchLink><br /><searchLink fieldCode="DE" term="%22Student+Costs%22">Student Costs</searchLink>
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  Label: Laws, Policies and Program Identifiers
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  Data: In 2006, the federal government effectively uncapped student borrowing for graduate programs with the introduction of the Graduate PLUS loan program. Access to additional federal loans increased graduate students' borrowing and shifted the composition of their loans from private to federal debt. However, the increase in borrowing limits did not improve access to existing programs overall or for underrepresented groups. Nor did access to additional loan aid result in significant increase in constrained students' persistence or degree receipt. We document that among programs in which a larger share of graduate students had exhausted their annual federal loan eligibility before the policy change--and thus were more exposed to the expansion in access to credit--federal borrowing and prices increased.
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      – Text: English
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        PageCount: 49
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      – SubjectFull: Student Loan Programs
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      – SubjectFull: Graduate Students
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      – SubjectFull: Federal Aid
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      – SubjectFull: Access to Education
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      – SubjectFull: Educational Attainment
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      – SubjectFull: Student Costs
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      – SubjectFull: Texas
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      – SubjectFull: Federal Direct PLUS Loan Program
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      – TitleFull: PLUS or Minus? The Effect of Graduate School Loans on Access, Attainment, and Prices. EdWorkingPaper No. 23-781
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