We explored the contributing factors of debt for the average college student. Our analysis examined how various institution, financial, and demographic variables played a role in the amount of debt a student accumulated over their undergraduate career. Our findings showed that students attending non-profit private institutions have on average less student loans than students who attend public institutions. Additionally, our results showed that African American students have a positive relationship with student debt and were the only demographic variable in our model that was significant.
Economics, Finance, & Accounting
Copyright the Author(s)
Schremmer, Karisa and Schreyer, Sam
"Determinants of Average Student Debt,"
SACAD: John Heinrichs Scholarly and Creative Activity Days: Vol. 2020, Article 75.
Available at: https://scholars.fhsu.edu/sacad/vol2020/iss2020/75