Reducing Student Loan Debt: Does the Way We Award Loans Make a Difference?

Tuesday, June 25, 2019: 11:00 AM-12:00 PM
Northern Hemisphere E 3/4 (Walt Disney World Dolphin)

Session Type: Interest Sessions
Track: Graduate & Professional Issues Track
Audience: All
Credit Type: Credit Hours and Clock Hours
School Type: Graduate/Professional
From 2008-2016, the share of graduate students borrowing over $100,000 more than doubled. In a field experiment with Duke University, the Center for Advanced Hindsight’s Common Cents Lab tested whether partitioning financial aid awards into direct (tuition, fees, health insurance) vs. indirect (living experiences) costs of attendance (COA) could reduce overall borrowing. During this session we will present the results of the experiment, and some ideas that may help other schools reduce student borrowing.
Irene Jasper (Duke University)
Andrea M Dinneen (Duke University)
Tom Johnson (Duke University)
Jill Cordell (Duke University)