Credit Access and the College-persistence Decision of Working Students: Policy Implications for New England

Lucy McMillan and Pinghui Wu

No 23-2, New England Public Policy Center Research Report from Federal Reserve Bank of Boston

Abstract: This study assesses the effects of involuntary job loss and access to credit card loans on working college students’ decision to either remain in school (college persistence) or drop out. The authors conducted the underlying analysis using national data, but their findings are especially relevant to New England, where higher education employs 4 percent of the region’s workforce—more than twice the national average. College persistence therefore carries implications not only for the individual students, but also for the vitality of the region’s labor market.

Keywords: New England; NEPPC; credit card loans; unemployment; college persistence (search for similar items in EconPapers)
JEL-codes: I22 I23 J64 (search for similar items in EconPapers)
Pages: 24
Date: 2023-12-01
New Economics Papers: this item is included in nep-lab and nep-ure
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