Title
The Downside of Financial Aid: an Analysis of Student Loan Default at a Midwest Public University
Date of Award
3-10-2022
Document Type
Dissertation
Degree Name
Doctor of Philosophy (PhD)
Department
Department of Educational Administration and Foundations: Educational Administration
First Advisor
Lenford Sutton
Abstract
The goal of this study is to compare the likelihood of student loan default by students from a Midwest public university amongst a variety of variables. A dataset was acquired from an institution in the Midwest. A logistic regression was run to determine the predictive value of several identifiers on student loan default amongst several race groups. The findings of this study reveal that grade point average (GPA), age, total scholarships and grants received, and transfer status impact likelihood of student loan default. The results of this study challenge higher education institutions to analyze their student loan default and identify populations who need additional attention and support to ensure they are not making a negative financial decision. Through the lens of social contract theory, human capital theory, monetary theory and critique, and a critical lens of neoliberalism, student loan default is analyzed for a Midwest public institution, with recommendations on how to move forward with the findings.
Recommended Citation
Johnston, Brian William, "The Downside of Financial Aid: an Analysis of Student Loan Default at a Midwest Public University" (2022). Theses and Dissertations. 1530.
https://ir.library.illinoisstate.edu/etd/1530
DOI
https://doi.org/10.30707/ETD2022.20220606094400952208.999980
Page Count
98
Comments
Imported from Johnston_ilstu_0092E_12124.pdf