student loan
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Tobacco, alcohol and cannabis are commonly used among university students. However, student lives and their substance use have changed dramatically since the start of the COVID-19 pandemic. This study investigated the impact of COVID-19 on (trends in) weekly smoking, weekly binge drinking and weekly cannabis use in Dutch university students and investigated associated student-, study- and COVID-19-related characteristics. Between April and June 2020, several Dutch higher educational institutes invited their students to participate in an online survey. Data of 9967 students (Mage = 22.0 (SD = 2.6); Nfemale = 7008 (70.3%)) were available for analyses. Overall, weekly smoking remained stable (±11.5%), weekly binge drinking decreased (from 27.8% to 13.9%) and weekly cannabis use increased (from 6.7% to 8.6%). Male gender, not living with parents, being a bachelor student, having less financial resources and less adherence to the COVID-19 measures were found to increase the risk of substance use (before/during the first COVID-19 lockdown). Additionally, male gender, not living with parents, being a bachelor student, not being born in the Netherlands and having a student loan contributed to the likelihood of increased substance use during COVID-19. Patterns of characteristics contributing to the likelihood of decreased weekly substance use during COVID-19 were less clear. The risk factors male gender, not living with parents and being a bachelor student do not only contribute to the likelihood of using substances but also contribute to the likelihood of increased use during a lockdown. Prevention and intervention programs should especially target these risk groups.

The chapter explores drivers, dynamics, and developments of business education in American colleges and universities. A contemporary business education in the U.S. is historically rooted in medieval Europe. It has progressed through several developmental stages and four industrial revolutions. Critical drivers affect American universities and colleges, bringing about strategic disruptions, technological and pedagogical innovations, and exerting competitive pressures for change on higher education. They also create opportunities for the development and growth in the post-COVID prospective, which is likely to be different from previous patterns and trends. These factors of impact range from stagnant domestic and falling international student enrollments, high student loan debt burden, and skyrocketing college tuition to the devastating impacts of the COVID pandemic. In examination of implications of the 4IR and emerging socio-economic trends for B-schools, the chapter discusses developmental trends, outlook, and emerging instructional innovations.

“Reaching the marginalized” was the goal of “Education for All” to meet equality in education. The Sustainable Development Goals (SDGs) also investigate the relationship between SDG 1 (No Poverty) and SDG 4 (Quality Education). It was stated that one year of education can contribute 10% of the rise in income. Emphasizing the inclusiveness to reach SDG 1 and SDG 4, SDG 10 (Reduced Inequality) needs to be achieved. Therefore, many countries attempt to promote access to education. In Thailand, the Student Loan Fund was established in 1996. There are currently over 5.3 million students who received funds during the period between 1996 and 2020. It is argued that this policy can serve as a mechanism to achieve greater access to education, leading to a better quality of life and more equity in society. However, issues need to be considered since the policy should address, more specifically, the needs of the marginalized.

Abstract We estimate the effects of student loan access on educational attainment and labor market returns in New Zealand. We exploit the introduction of a national policy mandating a 50% pass rate for student loan renewals using a regression discontinuity design. Retaining loan access increases re-enrollment for students around the threshold, and a majority eventually graduate with a bachelor's degree within seven years. We find that retaining student loan access leads to large labor market returns for struggling students. The additional debt from further borrowing is both small relative to the earnings returns and declines quickly due to faster repayment.

To promote the financial capabilities of student loan borrowers, practitioners must understand the experiences and needs of borrowers across the life course. A national survey ( n = 1,874) conducted by MIT AgeLab explored perceived loan-related effects across the life course and sources of advice for borrowers. Across age groups, repaying student loans had most regularly imposed negative perceived effects on multiple domains of borrowers’ financial well-being. Younger borrowers reported more negative perceived effects of loans across domains, whereas older borrowers reported fewer negative perceived effects. Few participants had sought professional advice about student loan repayment, although younger borrowers were more likely to have sought loan-related advice in general; perceived levels of helpfulness of advice and comfort consulting with contacts were mixed. Financial social work is uniquely situated to act as a resource for multiple generations of student loan borrowers and their families.

 Current changes in the economic atmosphere have severely impacted the higher education sector worldwide. Policymakers worldwide are facing the challenge of adjusting tuition and financial aid programs in response to these changing economic times. The shift from federal grants to loans has caused student loans to be a popular means of funding higher education for most low and medium-income families. A result of this, is the increase in student loan default as most college students graduate with unmanageable debts, thus, a rising concern for policymakers. The purpose of this paper is to link four public policy theories (Social Contract Theory, Utilitarian Theory, Theory of Neoliberalism, and Three-Policy Stream Theory) to student loan literature. This is to expand the limited database of public policy theories in student loan debt literature. This theoretical linkage points out the role of policymakers in (1) ensuring the security of lives and the preservation of the property of those who voted them into power (Social Contract Theory); (2) establishing educational policies that ensure the ‘the greatest happiness of the greatest number’ (Utilitarian Theory); (3) upholding social welfare or a ‘welfare state’ through fiscal and monetary policies to ensure high employment rates for graduates, low inflation and the provision of public goods (Theory of Neoliberalism), and (4) the risk of undermining the growing power of an informal interest group that is made up of millennials saddled with student loan debt (Three-Policy Stream). These theories reiterate the principal role of policymakers in enhancing human capital through affordable education.

Burdensome and unmanageable is what student loan repayment has become to almost 45 million Americans who owe a total of about $1.7 trillion in student loans. It is therefore intriguing to find out if a complete student loan debt forgiveness miracle is a possibility or just a wish, based on current perceptions. This study is based on the Three-Policy Window Stream Theory and the Interest Group Theory. Four mini-focus interview groups were created and their responses were analyzed using the Grounded-Theory Technique. From our findings, it is evident that student loan debt affects the mass, forming a rapidly growing informal interest group made up of mostly millennials. Yet, the pressure from this fast-growing informal interest group is not strong enough to oppose that of other interest groups like Republicans, taxpayers, financial institutions, and other stakeholders involved in student loans, to necessitate an immediate passage of legislation on student loans debt forgiveness.