*Journal Article Household Financial Survey

Student debt and hardship: Evidence from a large sample of low- and moderate-income households

Key Findings

  • 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)

Citation

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

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