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The Characteristics Associated with Student - page 54 / 94

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Gender of Borrower

Female Male All Undergraduates

N

row

N

5,621

96.6

195

6,555

94.2

405

12,176

95.3

600

3.4

5,816

5.8

6,960

4.7

12,776

Default

No

% of

Yes

% of row

Total

Highest Level Attained by Mother

Borrowers whose mothers did not reach high school have a very high default rate (10.3 percent). On the other hand, borrowers whose mothers attended high school or above have default rates that are close to the average for Texas A&M. Borrowers whose mothers attained to the college level have a slightly lower default rate (4.1 percent) than borrowers who mothers only reached the high school level (4.7 percent), but there is not a statistically significant difference between those two categories of borrowers. As a consequence, the strength of association for the table as a whole is very low.

5,687

95.9

241

4.1

5,928

5,164

95.3

256

4.7

5,420

779

94.7

44

5.3

823

154

91.7

14

8.3

168

392

89.7

45

10.3

437

12,176

95.3

600

4.7

12,776

Highest Level of Mother

College or Beyond High School Missing Unknown Middle School/Junior High All Undergraduates

Total

Default

N

Yes

No

% of row

N

% of row

Parental Family Size

Though statistically significant, there is no consistent pattern in the relationship between family size and default. Notice in particular that borrowers who have seven (7 )people in their families have a much lower default rate than borrowers whose family size is either six (6) or eight (8). Though this finding seems to defy reason, the differences between the “family size of 7” category and the groups adjacent to it are, in fact, statistically significant at the 5 percent level. Nevertheless, there is still about a 1 percent chance that the default rate for the “7” group is not significantly different from that of the two other categories.

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