X hits on this document

PDF document

The Characteristics Associated with Student - page 59 / 94

385 views

0 shares

0 downloads

0 comments

59 / 94

1,730

96.5

63

3.5

1,793

975

97.1

29

2.9

1,004

732

97.6

18

2.4

750

1,068

97.5

27

2.5

1,095

640

95.4

31

4.6

671

12,176

95.3

600

4.7

12,776

Borrowers who take out $5,000 or less in loans default at a considerably higher rate than all other borrowers. Not surprisingly, borrowers who take out relatively small loan amounts are more apt to stay at the university a short time and have much lower graduation rates than other borrowers. In other words, the loan amount is a partial proxy for education attainment. The fact that borrowers with high indebtedness ($12,001 or more) have the lowest default rates suggests that debt levels are not too high for most borrowers. Interestingly, there is little difference in the default rates of borrowers in categories that range from $5,001 to $12,000; except on the extremes, indebtedness appears to be largely irrelevant. This variable has about the same strength of association as EFC and TFC.

Total Family Contribution

3,001-5,000 5,001-7,000 7,001-10,000 10,001 and higher Missing All Undergraduates

Total Loan Aid

Total

N

% of row

Yes

No

Default

N

% of row

872

95.7

39

4.3

911

1,080

90.8

110

9.2

1,190

909

92.8

70

7.2

979

1,376

95.6

64

4.4

1,440

1,066

95.9

45

4.1

1,111

501

95.6

23

4.4

524

809

95.4

39

4.6

848

404

95.3

20

4.7

424

5,159

96.4

190

3.6

5,349

12,176

95.3

600

4.7

12,776

Total Undergraduate Loan Aid

$0 Up to $3,000 $3,001 to $5,000 $5,001 to $7,000 $7,001 to $9,000 $9,001 to $10,000 $10,001 to $11,000 $11,001 to $12,000 $12,001 or more All Undergraduates

Total

% of

% of

row

N

row

N

No

Default

Yes

56

Document info
Document views385
Page views450
Page last viewedMon Jan 16 20:33:42 UTC 2017
Pages94
Paragraphs7456
Words29247

Comments