Abstract:Because of the continuing increase in college costs and the need for a college education, the use of student loans has affected many individuals and households in the United States. Researchers and policy-makers need a comprehensive review of literature to understand the determinants and consequences of student loans. This article provides information on the current trends in student loans, reviews the effect of education loans on college enrollment and career decisions, as well as the effects on personal life… Show more
“…Prior research finds, however, that student borrowing is associated with other health indicators, regardless of race/ethnicity 5 18 19. Our study suggests that a more nuanced view of the association between student borrowing and health is needed and that research on the impact of student borrowing on health should focus on those who are at greater risk of both poor health and student borrowing.…”
Section: Discussionmentioning
confidence: 64%
“…Since student loans may be a major source of financial stress for many young adults,18 19 we hypothesise that borrowing greater amounts of student loans will be associated with shorter sleep duration. We further investigate differences by race/ethnicity.…”
Student loans may contribute to racial inequities in sleep duration. Our findings also suggest that the student debt crisis may have important implications for individuals' sleep, specifically and public health, more broadly.
“…Prior research finds, however, that student borrowing is associated with other health indicators, regardless of race/ethnicity 5 18 19. Our study suggests that a more nuanced view of the association between student borrowing and health is needed and that research on the impact of student borrowing on health should focus on those who are at greater risk of both poor health and student borrowing.…”
Section: Discussionmentioning
confidence: 64%
“…Since student loans may be a major source of financial stress for many young adults,18 19 we hypothesise that borrowing greater amounts of student loans will be associated with shorter sleep duration. We further investigate differences by race/ethnicity.…”
Student loans may contribute to racial inequities in sleep duration. Our findings also suggest that the student debt crisis may have important implications for individuals' sleep, specifically and public health, more broadly.
“…Evidence exists that student loan debt is negatively associated with homeownership (Brown, Haughwout, Lee, Scally, & van der Klaauw, ; Cho, Xu, & Kiss, ; Houle & Berger, ; Shand, ). Elliott, Grinstein‐Weiss, and Nam () found that the median home equity of households with no student debt ($90,000) was twice that of households with student debt ($45,000) in 2009.…”
This article reviews external and internal factors influencing homeownership decisions for millennials, that is, those who were born between the 1980s and the early 2000s. The article was written by a multistate group of land‐grant university researchers to inform future research. The review of literature suggests that credit accessibility is an important external factor for millennials’ homeownership. Also important are life cycle factors such as financial resources and student loans liabilities, and family decisions such as marriage and parenthood. It is anticipated that this information will enable financial advisors, educators, and policymakers to understand the challenges of homeownership for millennials and to formulate strategies to help this age cohort with their personal financial planning.
“…In addition, student loan debt registers the highest delinquency rate of all consumer debt products (Cangero, 2017). Student loan debt also effects other areas of the borrower's personal and financial life, such as their health, financial capability, homeownership, and retirement savings (Cho, Xu, & Kiss, 2015;O'Neill, Xu, Johnson, Kiss, & Buyske, 2019;Xu, Johnson, Bartholomae, O'Neill, & Gutter, 2015).…”
Student loan debt has become a financial burden for many young adults in the United States. Previous research has found that many college student borrowers do not understand repayment terms and options. This multistate collaboration among Cooperative Extension Specialists sought to develop a way of supporting and informing recent college graduates on the process of student loan repayment. Text messaging was used as the intervention strategy. The purpose of this article is (i) to explain the process and methods of developing the student loan repayment text messaging campaign and (ii) present suggestions for someone interested in launching this type of intervention. Also, the article provides initial participation numbers across the nine land‐grant universities that were participants in the intervention.
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