Literature Review #2

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Jonathan Fox | Critical Engagements with Economic ThoughtSuzanne Bartholomae - U-TuRN: Translational Research Network

These are the authors of this journal, Jonathan Fox and Suzanne Bartholomae 


Citation:

Fox, Jonathan J.|Bartholomae. “College Student Debt and Anticipated Repayment Difficulty.” Journal of Student Financial Aid, National Association of Student Financial Aid Administrators. 1101 Connecticut Avenue NW Suite 1100, Washington, DC 20036. Tel: 202-785-0453; Fax: 202-785-1487; e-Mail: Membership@Nasfaa.org; Web Site: Http://Www.nasfaa.org, 31 July 2017, eric.ed.gov/?id=EJ1151786.


Summary:

This journal examines the aspects associated with student debt, such as gender or income level. The data described in this journal is from a study conducted in 2010, at the Ohio Student Financial Wellness Study. This discusses every aspect of how students accumulate debt, and makes a model to show the trends in which students accumulate the most debt and why. 


Authors:

The authors of this journal are Jonathan Fox and Suzanne Bartholomae. They are both professors at Iowa State University, and have been working there for a while. Both professors work in the Human Development and Family Studies department, so they are educated well enough to write this journal, analyzing the trends in college student debt. 


Key Terms:

- "explanatory power": this is the credibility of a known theory and how much truth it holds.

- "conceptual framework": this is the basis for what the study is revolving around, and this framework shaped the results. 


Quotes:

- "Approximately 37% of households headed by an adult younger than age 40 have some student debt" (Fox, Jonathan J.|Bartholomae 111).

- "When borrowers default on their loans, the government can garnish wages and tax refunds, and can restrict them from receiving financial aid and possibly even social security benefits in the future" (Fox, Jonathan J.|Bartholomae 112).

- "Ability-to-pay models link student debt default to items such as family income, family support, needbased grants and scholarships, student employment, marital status, and family size" (Fox, Jonathan J.|Bartholomae 113). 


Value:

This journal helps give statistics and numbers for me to use in my paper. It helps me with data to back up my arguments and gives me more insight on the factors affecting who is in debt and which group takes out the most loans, with the reasoning why. 






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