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Relationships Between College Costs And College Funding: Evidence From The United States

Author

Listed:
  • Andrea Smith-Hunter
  • James Nolan
  • Margaret Carpenter

Abstract

In the last few decades, college tuition costs have escalated to what some have described as astronomical levels. This has led to a heavier reliance by college students on alternative sources beyond family financing. Such sources have included grants, scholarships, private loans, federal loans and alas credit cards. This study examines the impact of this increased and high tuition costs on the source of funding options students pursue and apply to their college education. Five factors indicated a strong relationship for the students who took loans – namely students who had been in school longer were less likely to take loans, students who had entered the college from another four-year college were also more likely to take loans, students from families with higher incomes were also less likely to take loans and students who were later in their family to go to college were also less likely to take a loan

Suggested Citation

  • Andrea Smith-Hunter & James Nolan & Margaret Carpenter, 2019. "Relationships Between College Costs And College Funding: Evidence From The United States," Business Education and Accreditation, The Institute for Business and Finance Research, vol. 11(1), pages 1-17.
  • Handle: RePEc:ibf:beaccr:v:11:y:2019:i:1:p:1-17
    as

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    References listed on IDEAS

    as
    1. Robert Martin, 2002. "Why Tuition Costs Are Rising So Quickly," Challenge, Taylor & Francis Journals, vol. 45(4), pages 88-108.
    2. Rong Chen & Edward P. St. John, 2011. "State Financial Policies and College Student Persistence: A National Study," The Journal of Higher Education, Taylor & Francis Journals, vol. 82(5), pages 629-660, September.
    3. Laura W. Perna & Heather Rowan-Kenyon & Angela Bell & Scott L. Thomas & Chunyan Li, 2008. "A Typology of Federal and State Programs Designed to Promote College Enrollment," The Journal of Higher Education, Taylor & Francis Journals, vol. 79(3), pages 243-267, May.
    4. Elizabeth Weber Handwerker, 2011. "Delaying Retirement to Pay for College," ILR Review, Cornell University, ILR School, vol. 64(5), pages 921-948, October.
    5. Joy Gaston Gayles & Shouping Hu, 2009. "The Influence of Student Engagment and Sport Participation on College Outcomes Among Division I Student Athletes," The Journal of Higher Education, Taylor & Francis Journals, vol. 80(3), pages 315-333, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Business Administration; Education and Research Institutions; National Government Expenditures and Related Policies;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • I2 - Health, Education, and Welfare - - Education
    • H5 - Public Economics - - National Government Expenditures and Related Policies

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