The effect of student loan schemes on students returning to study

In this paper populations of students returning to tertiary study in the period 1997–2005 have been compared with the population of non‐returning students who had the same opportunity to return. Such comparisons were conducted for students who returned after a break of 1–7 years (seven comparison groups). Students with the highest likelihood of returning were found to be: (i) students who had an outstanding student loan prior to their return that had been borrowed for previous tertiary studies; (ii) students who did not complete the qualification studied previously; (iii) degree‐level university students; and (iv) students who had studied towards qualifications in health, education, society and culture rather than in management and commerce fields. The major finding reported in this paper is that a student loan debt does not discourage students from future study. The findings also suggest that policy decisions were likely to trigger short‐term increases in returning behaviour and that the populations most affected were likely to be those who left tertiary education in the year in which the policy decisions were announced

Debt · Demographic economics · Economic growth · Economics · Higher education · Loan · Mathematics education · Medical education · Population · Sociology · Student loan · Tertiary level · Demography · Financial Literacy, Pension, Retirement Analysis · Higher Education Research Studies · Medicine · Psychology · Retirement, Disability, and Employment · Finance

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