Student Borrowing in America: Metrics, Demographics, Default Aversion Strategies

Abstract

This study was designed to find more effective default aversion strategies for minimizing borrower defaults over the life of federal student loans. The study found over 5 million Americans in default and many more carrying very large student loan debt burdens contributing to the risk level of the federal student loan portfolio. This national social issue embodies an associated risk of individual borrowers becoming bankrupt or burdened with debt that affects their present and future quality of life. Using