- Student debt is associated with greater hardship and financial difficulty.
- Higher loan amounts are only associated with health care hardship.
- Monthly repayment amounts are not associated with hardship or financial difficulty.
- Participants making re-payments have social and economic advantages.
- Not finishing college is associated with hardship and economic disadvantage.
Project: Household Financial Survey (HFS)
Despard, M. R., Perantie, D. C., Taylor, S. H., Grinstein-Weiss, M., Friedline, T., & Raghavan, R. (2016). Student debt and hardship: Evidence from a large sample of low- and moderate-income households. Children and Youth Services Review, 70, 8–18. doi:10.1016/j.childyouth.2016.09.001