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Merisotis, Jamie P.1
Parker, Thomas D.1
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Merisotis, Jamie P.; Parker, Thomas D. – Connection: New England's Journal of Higher Education and Economic Development, 1996
Between 1991 and 1994, college student borrowing increased by 28% annually, higher than the national rate. The highest rates are among older, part-time, independent, and minority students. Rising debt and rising costs predict a growing problem of indebtedness among students. Social and economic consequences could be severe if this trend continues.…
Descriptors: Debt (Financial), Economic Change, Educational Trends, Federal Aid