How much do students spend on student debt?
What is the average cost?
And what are the chances that students will actually be able to pay back their loans?
These questions have been the subject of a flurry of new research, most recently published in the prestigious Journal of Financial Management.
For more than a decade, the Journal of Finance has examined the economic, financial, and educational impacts of student loan debt, and the answers it has produced are of interest to many economists.
The findings are clear: the student debt burden is not just a financial problem, but a financial one, affecting people’s ability to learn, grow, and make ends meet.
Here’s a look at how the Journal examines student debt.
The student loan burden is a burden of interest for students The Journal of Financing Research, which is published by the Federal Reserve Bank of Boston, examined the costs and benefits of student loans.
It found that student debt burdens for students vary significantly, ranging from $20,000 to $70,000.
The Journal notes that “a significant portion of student debt is held by graduates, with the average amount held by borrowers at less than $30,000.”
That’s why students often choose to borrow for more than the cost of college, and why they may not realize the full value of their education.
In fact, for some, student loans are actually a “riskier” investment than traditional credit cards, and they may end up having higher interest rates.
Students have a higher likelihood of defaulting on their loans The Journal found that, on average, students who take out student loans default on their student loans by a larger margin than students who do not.
The average number of defaults for students who defaulted on their federal student loans in 2016 was 3.2% compared to 1.3% for students with private loans.
The difference between the two groups is particularly large for people who earn more than three times the federal poverty level.
For example, the average debt burden of a borrower with an income of $75,000 is about $17,000, but the debt burden for a borrower who earns $50,000 or more is $13,000 compared to only $7,000 for a student who earns less than that.
The report also noted that “about two-thirds of borrowers with federal student loan balances default on at least one of their federal loans.”
The Journal noted that it was “unfair to compare default rates between borrowers with and without federal student debt balances,” and it noted that default rates are “likely affected by factors other than borrowers’ incomes and debt loads.”
The average debt load for borrowers with private student loans was 4.2%, while the average default rate for those with federal loans was only 2.6%.
For the most part, students with federal debt were able to repay their loans, but some had trouble paying their debt back.
“In some instances, they may be unable to afford the monthly payments,” the report found.
For some borrowers, the financial pressures on them may have been so severe that they could not complete the repayment process on time, or that they had difficulty finding a job that would pay them interest on the debt.
“Some borrowers may have suffered significant financial hardship, and had their loan balances balloon to unmanageable levels,” the authors wrote.
A student loan default rate is higher for African Americans The Journal report noted that African American students defaulted at higher rates on their private student loan than white students.
The analysis found that the average loan default for black borrowers was about 11%, while that of white borrowers was around 11%.
The study said that the higher default rates among black students may be related to the fact that black borrowers are more likely to have been educated in minority-majority communities.
For instance, African American borrowers may not be as well-educated in general, which means that they may have had fewer opportunities to complete their degree.
Additionally, black students who are currently in school and attending an accredited institution are more at risk of default.
The study concluded that, “students with higher levels of financial need may be less likely to complete repayment or to receive an FICO score of 580 or higher.”
The study noted that the financial burden on African American and Latino borrowers is particularly high.
African American parents are often the primary source of the funds that support their children, and it may also be the case that these parents do not have the means to cover these costs, making it more difficult for them to pay off their debt.
College costs more than its cost to graduate The Federal Reserve found that in 2016, the cost to a student attending an American college was $25,837.
That’s $8,000 more than it was a decade ago.
The Federal Budget Office estimated that, by 2025, the federal government would have to spend $2.8 trillion on education, according