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Low-income students need financial support to succeed in college
But half of community colleges don't offer loans to students who are eligible for them
New evidence shows the harm done
nytimes.com/2019/09/06/bus…
But half of community colleges don't offer loans to students who are eligible for them
New evidence shows the harm done
nytimes.com/2019/09/06/bus…
It's not that these community colleges don't formally participate in the federal loan program
It's that they *don't package loans for students*
More than half of community colleges that participate in the loan program don't package loans
It's that they *don't package loans for students*
More than half of community colleges that participate in the loan program don't package loans
Students who borrowed because of the nudge...
∙ Earned four more credits that academic year
∙ Boosted their GPA by 0.6 points
∙ Nearly tripled their rate of transfer to four-year colleges (jumped from 6% to 17%)
All of these are huge effects
pubs.aeaweb.org/doi/pdfplus/10…
∙ Earned four more credits that academic year
∙ Boosted their GPA by 0.6 points
∙ Nearly tripled their rate of transfer to four-year colleges (jumped from 6% to 17%)
All of these are huge effects
pubs.aeaweb.org/doi/pdfplus/10…
In a second study students were nudged to *not* borrow
The effect:
worse grades and *higher default* on existing loans
edworkingpapers.com/sites/default/…
The effect:
worse grades and *higher default* on existing loans
edworkingpapers.com/sites/default/…
