Taking out a student loan is better than dropping out

 

Source: Susan Dynarski, New York Times ( Paid Registration )

Student debt is spiraling, and young people are defaulting on their loans. You might think that students would be better off scraping by with no loans at all. But it turns out that simply cutting loans—without replacing those lost dollars with grants or lower tuition—hinders students’ academic progress and hurts their grades.

That’s the conclusion of new research on the effects of student loans at community colleges, which educate most low-income students in the United States. What’s more, community colleges are far more racially, ethnically and economically diverse than the elite colleges that get the most attention.

Read Full Article: Taking out a student loan is better than dropping out

Tags/Keywords

 

Search

Quick Menu

Facebook FTwitter T
 

Consumer Help Desk

Advocacy