Student loan debt: A problem-based learning activity for introductory economics students

Kristen Roche Carioti

The Journal of Economic Education, 2020, vol. 51, issue 2, 130-142

Abstract: Student loan debt and delinquency is a mounting problem among college graduates. To show students the consequences of debt-financing their education in an economic context, the author describes a collaborative problem-based learning activity designed for small, introductory economics courses. The activity has three parts: an introduction to the current statistics and trends on student loan debt, a postmortem analysis of three fictitious borrowers, and a pre-mortem analysis of the student’s education, career plan, and financial goals. The activity applies economic topics including pre- and postmortem analysis, financial literacy, and opportunity cost and tradeoffs. Pre- and post-activity survey results find evidence of students improving their knowledge of their own student loan debt situation, salary outlook, and the repayment plans available to them post-graduation.

Date: 2020
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DOI: 10.1080/00220485.2020.1731388

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