Literature Review #1

 Visual: Image result for eli dvorkinImage result for jonathan bowles

These are two of the authors of this article, Eli Dvorkin and Jonathan Bowles. 


Citation:

Dvorkin, Eli|Bowles. “Deeper in Debt: For-Profit Schools Driving Student Loan Default in New 

York State. Data Brief.” Center for an Urban Future, Center for an Urban Future. 120 

Wall Street 20th Floor, New York, NY 10005. Tel: 212-479-3341; Fax: 212-344-6457; Web Site: Http://Www.nycfuture.org, 30 Nov. 2018, eric.ed.gov/?id=ED592759. 

Summary:

This article covers data from the New York federal student loan borrowers, who entered repayment in 2012. They found the rate of loans in New York to be even higher than they had originally expected. These rates nearly doubles within 2 years, going from 6.5% to 11%. They have found that New York's for-profit higher education is the main factor in this, which affects loans for public colleges too.  


Authors:

The authors stated for this article are Eli Dvorkin, Jonathan Bowles, and Charles Shaviro. Dvorkin is very knowledgable on this topic because he is the Editorial and Policy Director at a Center for Urban Future, so he has a lot of experience with writing articles and knowing what is factual and what is not. Jonathan Bowles is also an Executive Director at Urban Future, which has a goal to boost the New York economy. Charles Shaviro is a data researcher, also at Urban Future, so he is also very knowledgable on knowing what is good and accurate data. 


Key Terms:

- "for-profit higher education": colleges owned by private companies or businesses.

- "student loan default rate": this is the normal rate for student loans, but this article explains how this rate has gone up in New York. 


Quotes:

- "Reveals that the student loan default rates in New York is higher than many previously believes" (1)

- "The analysis shows student loan default rates in New York nearly double between the third and fifth year" (1)

- "With students attending for-profit schools defaulting at more than double the rate of public colleges" (1)


Value:

This material helps me understand how difficult it is for people to repay their student loan debts. From the rate to almost double in such a short amount of time shows how unpredictable it is and how it makes it even harder for the people in debt. This proves that there needs to be reform done for this type of system, and provides me with data to back up any of my claims. 


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