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Hungerford, Thomas; Upshaw, Wayne – Economics of Education Review, 1994
Focuses on a specific federal credit program (the guaranteed student loan program), using the Engle and Granger two-step procedure to estimate an error correction model of commercial student loan supply. Results indicate that the secondary market is an important determinant of commercial student loan lending and that commercial supply is inelastic…
Descriptors: College Students, Federal Programs, Higher Education, Human Capital