Does Student Loan Debt Hinder Community Well-Being?

How the growth in student debt is impacting the well-being of the larger community is explored using U.S. county level data. Using tax return data from the Internal Revenue Service (IRS) we find that higher levels of student debt tends to be associated with lower levels of community well-being. Spec...

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Detalles Bibliográficos
Autores principales: Deller, Steven, Parr, Jackson
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer International Publishing 2021
Materias:
Original Research Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7814862/
https://www.ncbi.nlm.nih.gov/pubmed/34723115
http://dx.doi.org/10.1007/s42413-020-00107-1
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author Deller, Steven
Parr, Jackson
author_facet Deller, Steven
Parr, Jackson
author_sort Deller, Steven
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description How the growth in student debt is impacting the well-being of the larger community is explored using U.S. county level data. Using tax return data from the Internal Revenue Service (IRS) we find that higher levels of student debt tends to be associated with lower levels of community well-being. Specifically, lower rates of home ownership, higher rental market stress, lower rates of entrepreneurship and poorer health behaviors. While the decision to take on student debt is an individual decision, local communities are uniquely positioned to help students make decisions around taking on debt and repayment options.
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spelling pubmed-78148622021-01-21 Does Student Loan Debt Hinder Community Well-Being? Deller, Steven Parr, Jackson Int J Community Wellbeing Original Research Article How the growth in student debt is impacting the well-being of the larger community is explored using U.S. county level data. Using tax return data from the Internal Revenue Service (IRS) we find that higher levels of student debt tends to be associated with lower levels of community well-being. Specifically, lower rates of home ownership, higher rental market stress, lower rates of entrepreneurship and poorer health behaviors. While the decision to take on student debt is an individual decision, local communities are uniquely positioned to help students make decisions around taking on debt and repayment options. Springer International Publishing 2021-01-19 2021 /pmc/articles/PMC7814862/ /pubmed/34723115 http://dx.doi.org/10.1007/s42413-020-00107-1 Text en © The Author(s), under exclusive licence to Springer Nature Switzerland AG part of Springer Nature 2021 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Original Research Article
Deller, Steven
Parr, Jackson
Does Student Loan Debt Hinder Community Well-Being?
title Does Student Loan Debt Hinder Community Well-Being?
title_full Does Student Loan Debt Hinder Community Well-Being?
title_fullStr Does Student Loan Debt Hinder Community Well-Being?
title_full_unstemmed Does Student Loan Debt Hinder Community Well-Being?
title_short Does Student Loan Debt Hinder Community Well-Being?
title_sort does student loan debt hinder community well-being?
topic Original Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7814862/
https://www.ncbi.nlm.nih.gov/pubmed/34723115
http://dx.doi.org/10.1007/s42413-020-00107-1
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