Because of the continuing increase in college costs and the need for a college education, the use of student loans has affected many individuals and households in the United States. Researchers and policy-makers need a comprehensive review of literature to understand the determinants and consequences of student loans. This article provides information on the current trends in student loans, reviews the effect of education loans on college enrollment and career decisions, as well as the effects on personal life decisions. Implications for future research related to methodology, information, and the decision-making process for an at-risk population are offered.Tuition and fees at colleges and universities continue to rise more rapidly than the rate of inflation. The rate of increase was 17% at private nonprofit 4-year colleges and almost 30% at public institutions between

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Account usage, Asset-building, Financial management education, Get Checking™ Program, Unbanked,

Technology is bringing us more and better ways to deter and detect cheating These techniques may be effective, but they cannot help us do the more important job of teaching students the value of honesty. This is clearly a larger issue that demands a larger response. What we need to work on, say the authors, is creating a culture that promotes academic integrity.

The goal of this study was to understand the role of loan approval and denial decisions and interest rates on mortgage defaults. The researchers identified the effect of lending practices on mortgage defaults by exploiting the variation in foreclosure rates across counties in Indiana and Ohio. The foreclosure rates were calculated using data from different sources of foreclosure listings. The loan approval–denial decisions and loan characteristics were obtained from the Home Mortgage Disclosure Act (HMDA) data. The analysis also attempted to understand the characteristics of “unqualified borrowers” who were extended credit before the foreclosure crisis. The findings showed that the counties that had higher loan approvals and positive interest rate spread had higher foreclosure rates. However, foreclosure rates did not seem to be correlated with loan‐to‐income ratios and the magnitude of the interest rate spread. The findings also suggested that the applicant’s income or the ratio of debt‐to‐applicant’s income was not sufficient to identify the unqualified borrowers who were extended mortgage loans.