About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

1 1 (June 2018)

handle is hein.amenin/aeiaajo0001 and id is 1 raw text is: Key Points * Borrowers' progress in paying their federal student loans is considered a proxy for the quality and value of a higher education institution. Historically, however, efforts to report student loan repayment progress have not focused on graduate and professional degrees. * A new data set allows us to examine the progress of graduate students from each higher education institution in paying down federal student loans between 2009 and 2014. * Among graduate institutions, historically black colleges and universities have some of the lowest shares of borrowers who made progress repaying their federal student loans. Additionally, several large, private nonprofit and for-profit graduate institutions have low student loan repayment rates. * Measuring loan repayment on a per-student basis sometimes produces different results than measuring repayment on a per-dollar basis. Some graduate institutions score well on one measure but poorly on the other, revealing the complexity in using loan repayment to assess quality and value. Policymakers who are concerned about quality and value in higher education focus almost exclusively on undergraduate degrees or certificates. Graduate and professional degrees, in contrast, receive far less scrutiny. For example, when the Obama administra- tion released its College Scorecard to provide con- sumers with information on student outcomes, such as earnings and student loan repayment, for each college and university, it left out graduate and pro- fessional degrees entirely.' Yet graduate students account for a dispropor- tionately large share of borrowing in the federal stu- dent loan program. And due to their higher balances, they are more likely to benefit from the government's Income-Based Repayment plan and qualify for loan forgiveness, imposing costs on taxpayers.2 In fact, most institutions show slower loan repayment progress among former graduate students than undergraduates.3 A little-known and unique data set allows us for the first time to examine the progress graduate stu- dents from each institution make on paying down federal student loans. The Department of Education compiled the data, which formed the basis for a re- search paper by then-Treasury Department employees Tiffany Chou, Adam Looney, and Tara Watson. The data are currently hosted by Adam Looney at the Brookings Institution. The data set covers loans that entered repayment in 2oo9, aggregated at the stu- dent level, and tracks repayment progress through 2014.4 AMERICAN ENTERPRISE INSTITUTE

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most