The Effects of Higher Student Loan Limits on Access to High-Earnings Graduate Programs-Reference-Cited by-同舟云学术

The Effects of Higher Student Loan Limits on Access to High-Earnings Graduate Programs

Published:2023-05-01 Issue: Volume:113 Page:530-534
ISSN:2574-0768
Container-title:AEA Papers and Proceedings
language:en
Short-container-title:AEA Papers and Proceedings

Author:

Denning Jeffrey T.¹,Turner Lesley J.²

Affiliation:

1. Brigham Young University, IZA, and NBER (email: )

2. Vanderbilt University and NBER (email: )

Abstract

Graduate student debt is the predominant form of financial aid for postbaccalaureate students and represents almost half of outstanding student debt, yet little is known about the effect of publicly funded graduate loans on student outcomes. To fill this gap, we examine the creation of the federal Graduate PLUS Student Loan program, which effectively eliminated loan limits for graduate students. Using a difference-in-difference identification strategy and administrative data on graduate students entering public and nonprofit universities in Texas, we show that access to additional liquidity through Grad PLUS had no effect on underrepresented students' access to high-earnings graduate programs.

Publisher

American Economic Association

Subject

General Medicine

Link

https://pubs.aeaweb.org/doi/pdf/10.1257/pandp.20231081

Reference8 articles.

1. The Labor Market Returns to Advanced Degrees

2. Altonji, Joseph G., and Zhengren Zhu. 2021. "Returns to Speci c Graduate Degrees: Estimates Using Texas Administrative Records." Unpublished.

3. Black, Sandra E., Jeffrey T. Denning, Lisa Dettling, Sarena F. Goodman, and Lesley J. Turner. 2020. "Taking It to the Limit: Effects of Increased Student Loan Availability on Attainment, Earnings, and Financial Well-Being." NBER Working Paper 27658.

4. Black, Sandra E., Jeffrey T. Denning, and Lesley J. Turner. 2023. "PLUS or Minus? The Effect of Grad PLUS Loans on Graduate School Outcomes, Earnings, and Programs." Unpublished.

5. Hegji, Alexandra. 2020. Federal Student Loan Debt Relief in the Context of COVID-19. CRS Report R46314, Version 3. Washington, DC: Congressional Research Service.