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The Characteristics Associated with Student - page 53 / 94

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53 / 94

Default

Highest Level of Father

Unknown All Undergraduates

N

% of row

N

% of row

309 12,176

89.8 95.3

35 600

10.2 4.7

No

Yes

Total 344 12,776

6,648

96.1

269

3.9

6,917

3,276

94.9

175

5.1

3,451

284

94.4

17

5.6

301

1,523

94.1

96

5.9

1,619

194

92.8

15

7.2

209

251

90.0

28

10.0

279

12,176

95.3

600

4.7

12,776

Parental Marital Status

Borrowers whose parents have intact marriages have a lower default rate (3.9 percent) than borrowers whose parents are separated, divorced, widowed or never married. There might be a link between marital status and socioeconomic status, at least in so far as the financial aid indicators of income are concerned. Married parents tend to have higher adjusted gross incomes and higher expected family contributions, both of which conditions are related to lower default rates. Borrowers with married parents also tend to have a lower need for financial assistance, another attribute that is associated with lower default rates. Nevertheless, the relationship between parental marital status and default is a weak one.

Parental Marital Status

Married/Remarried Missing Widowed Divorced Unmarried Separated All Undergraduates

Total

% of

% of

row

N

row

N

No

Default

Yes

Gender of Borrower

Male borrowers default on student loans at a higher rate than female borrowers. Perhaps, this result is not so surprising: female borrowers at Texas A&M have higher GPAs and are more likely to graduate from college. Again, however, the relationship between gender and default is a weak one.

50

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