Risk Based Student Loans

Simkovic, Michael

doi:10.2139/ssrn.1941070

Cited by 13 publications

(11 citation statements)

References 15 publications

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“… We do not discuss general equilibrium implications of these changes (see, e.g., Ionescu ). We also do not discuss risk‐based pricing for student loans (see Simkovic ; Zuckerman ), although our findings shed light on demand‐side (non)effects of such interventions.…”

mentioning

confidence: 89%

Choice Architecture Versus Price: Comparing the Effects of Changes in the U.S. Student Loan Market

Ang¹,

Alexandrov²

2017

J Empirical Legal Studies

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We show that changes in choice architecture have a large effect on student loan decisions while we do not find significant effects of sizeable interest rate changes. We evaluate the effect of two polices implemented in 2010 by the U.S. Department of Education: (1) the requirement that all applicants for private student loans fill out a Self‐Certification Form, which includes various disclosures about federal student aid, and (2) the prohibition of presenting a private student loan as a default option on a financial aid offer without disclosure of the relationship between the school and the creditor. Using difference‐in‐difference and matching techniques on a proprietary dataset of private student loan originations from the Consumer Financial Protection Bureau and survey and administrative data from the Department of Education, we show that these changes decreased private student loan originations. In contrast, we find no consumer response when analyzing a 60 basis point decrease in the price of federal Parental PLUS Loans at some schools, using the same datasets and similar estimation techniques.

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confidence: 89%

Choice Architecture Versus Price: Comparing the Effects of Changes in the U.S. Student Loan Market

Ang¹,

Alexandrov²

2017

J Empirical Legal Studies

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“…Other attempts to use human capital contracts in the education sector have also proven to be a failure, primarily because of the issue of adverse selection (NYT 1999 ), meaning that students who opt into human capital programs can tend to be the students who expect to pursue low-income careers and consequently are less likely to repay their full share of the loans. Another issue that has aff ected the performance of human capital contracts is moral hazard, meaning that the borrowers can tend to be discouraged from maximizing their income and are instead encouraged to focus on non-wage-based forms of compensation, such as better benefi ts (Simkovic 2011 ).…”

Section: Investorsmentioning

confidence: 99%

Developing Strategies to Harness the Power of Parallel Entrepreneurship in Africa

John¹

2016

Digital Kenya

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The study of entrepreneurship in general has drawn large interest over the last decade, and the specific subject of parallel entrepreneurship is no exception. Parallel entrepreneurship, or concurrent entrepreneurship, is the simultaneous ownership of at least two business ventures. It is found all over the world but is particularly evident at the international level, in the form of conglomerates. It has been argued that entrepreneurs owning several enterprises at the same time are more experienced than their peers operating single businesses and that studying this particular business model can enhance understanding of entrepreneurship more generally. This chapter identifies some of the most salient factors related to parallel entrepreneurship—factors that, if better understood and supported, have the potential to make a significant contribution to the economic transformation of developing economies. It also explores the contextual factors contributing to the growth of entrepreneurship in Africa and the prevalence and implications of parallel entrepreneurship. It concludes with a number of recommendations on how to support and develop parallel entrepreneurship in the future.

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“…Human capital is the stock of knowledge, habits, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value (Mahroum, 2007;Jaison & Richard, 2012). Alternatively, Human capital is a collection of resources -all the knowledge, talents, skills, abilities, experience, intelligence, training, judgment, and wisdom possessed individually and collectively by individuals in a population (Heiner, 2008;Simkovic, 2013). These resources are the total capacity of the people that represents a form of wealth which can be directed to accomplish the goals of the nation, or state, or a portion thereof.…”

Section: Theory Of Human Capitalmentioning

confidence: 99%

Beyond the Reengineering of Polytechnics into Technical Universities in Ghana: A Model of Marketing the Offering!

Keelson

2016

ABR

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The purpose of the current study is to develop a model for the marketing of technical university education in Ghana. The study based its analysis on 10Ps of a marketing mix which includes: programme, price, place, promotion, processes, people, practicality, prospect, proof of performance and postentrepreneurship. These elements of the marketing mix were supported by the resource based view, human capital theory and the marketing mix concept. The review of literature and analysis showed that the 10Ps are critical and practical elements for the marketing of technical university as they help identify the unique areas of the offering that give technical education sustainable competitive advantage. The primary recommendations of the study were that technical university education must not be indiscriminately established if it should have a powerful influence on national development. Finally, the process should be gradual and be based on a polytechnic institution's readiness.

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Risk Based Student Loans

Cited by 13 publications

References 15 publications

Choice Architecture Versus Price: Comparing the Effects of Changes in the U.S. Student Loan Market

Choice Architecture Versus Price: Comparing the Effects of Changes in the U.S. Student Loan Market

Developing Strategies to Harness the Power of Parallel Entrepreneurship in Africa

Beyond the Reengineering of Polytechnics into Technical Universities in Ghana: A Model of Marketing the Offering!

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