Government student loan default: Differences between graduates of the liberal arts and applied fields in canadian colleges and universities
Wright L.; Walters D.; Zarifa D.
2013
Canadian Review of Sociology
6
10.1111/cars.12004
Government student loan programs have become increasingly available to provide opportunities and upward mobility for students of disadvantaged backgrounds. Rising student debt and its impact on the repayment experiences of recent postsecondary graduates has become an important concern. This study employs data from Statistics Canada's 2005 National Graduates Survey to examine the relationship between field of study and loan default on government-supported student loans for graduates of community college and baccalaureate-level university programs when controlling for many factors relating to sociodemographic characteristics and earnings. Overall, both level of schooling (college versus university) and field of study are significant predictors of whether graduates report defaulting on their government student loans within two years of graduation. However, these findings are relatively unrelated to earnings. © 2013 Canadian Sociological Association/La Société canadienne de sociologie.
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