AN ANALYSIS OF THE PROBABILITY OF DEFAULT ON FEDERALLY GUARANTEED STUDENT LOANS
成果类型：
Article
署名作者：
KNAPP, LG; SEAKS, TG
署名单位：
University of North Carolina; University of North Carolina Greensboro
刊物名称：
REVIEW OF ECONOMICS AND STATISTICS
ISSN/ISSBN：
0034-6535
DOI：
10.2307/2109484
发表日期：
1992-08
页码：
404-411
关键词：
摘要：
Federally insured student loans constitute an area that is almost completely unexplored by researchers despite intense scrutiny that federally insured loans are receiving after the S & L collapse. Based on a probit model of default for two thousand guaranteed student loans, we find that individual characteristics (including parents' income, presence of two parents at home, student's graduation, and student's race) have a significant impact on default rates, while institutional characteristics (four year vs. two year college, private vs. public, school size, and individual school dummies) have little significant effect. The results imply that proposals to penalize colleges with high default rates are premature.
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