Money troubles interfere with the academic performance of about one-third of all college students, and a similar number of students regularly skip buying required academic materials because of the costs, according to a survey released on Thursday, the New York Times reports. In an era of stagnant incomes and rising tuition and student debt, the burden of college costs on families and former students is well documented. But the new findings, from the National Survey of Student Engagement, show that financial worries are a major source of stress for undergraduates while they are still in school. About three-fifths of students surveyed reported that they often worry about having enough money to cover ordinary costs, and students who spend the most hours at paying jobs are, not surprisingly, those feeling the most financial stress. Among those who work more than 20 hours a week, about three-fifths said that their jobs got in the way of school work…
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Loan study on students goes beyond default rates
According to the New York Times, for each student who defaults on a loan, at least two more fall behind in payments on their student debt, a new study has found. The Institute for Higher Education Policy, a nonprofit organization, said in a report that two out of five student loan borrowers were delinquent at some point in the first five years after they started repaying their loans. Almost a quarter of the borrowers used an option to postpone payments to avoid delinquency. The institute said the goal of its study was to develop a fuller picture of the debt burden that students face by compiling data on students who have trouble repaying their loans, but do not default…
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