Using an original dataset collected at a Chinese university and adopting a difference-in-differences research design,this study draws causal inferences regarding the effect of the Government-Subsidized Student Loan Pr...Using an original dataset collected at a Chinese university and adopting a difference-in-differences research design,this study draws causal inferences regarding the effect of the Government-Subsidized Student Loan Program(GSSLP)on financially needy students at Chinese higher education institutions.Specifically,this study finds that the program may have enabled financially needy students to spend 527.80 Chinese yuan more on food and take 26 hours less paid work on average during one academic year.In other words,the GSSLP has been found to have had positive impact on financially needy students'basic needs such as food and work.In order for the program to have greater impact on such students'overall quality of life,policy-makers should make efforts to increase maximum loan amounts.This will enable students from low income families to spend more on educational resources and reduce their finance-related anxiety.展开更多
This paper examines the multifaceted economic,social,and psychological impacts of the rising cost of college tuition in the United States,with a particular focus on students from low-income families.The escalating tui...This paper examines the multifaceted economic,social,and psychological impacts of the rising cost of college tuition in the United States,with a particular focus on students from low-income families.The escalating tuition fees have far-reaching implications,including increased student loan debt,delayed social mobility,and psychological stress among students.The paper explores the barriers to higher education imposed by financial constraints and the systemic challenges that exacerbate income inequality in access to quality education.Case studies highlight the resilience of students who overcome these obstacles,as well as the struggles of those who face significant setbacks.The paper concludes with policy implications and recommendations for future research,emphasizing the need for a comprehensive approach to address the financial barriers in higher education.It advocates for policy interventions that increase financial aid,reform educational funding,and promote innovative and affordable educational models to ensure equitable access to higher education.展开更多
文摘Using an original dataset collected at a Chinese university and adopting a difference-in-differences research design,this study draws causal inferences regarding the effect of the Government-Subsidized Student Loan Program(GSSLP)on financially needy students at Chinese higher education institutions.Specifically,this study finds that the program may have enabled financially needy students to spend 527.80 Chinese yuan more on food and take 26 hours less paid work on average during one academic year.In other words,the GSSLP has been found to have had positive impact on financially needy students'basic needs such as food and work.In order for the program to have greater impact on such students'overall quality of life,policy-makers should make efforts to increase maximum loan amounts.This will enable students from low income families to spend more on educational resources and reduce their finance-related anxiety.
文摘This paper examines the multifaceted economic,social,and psychological impacts of the rising cost of college tuition in the United States,with a particular focus on students from low-income families.The escalating tuition fees have far-reaching implications,including increased student loan debt,delayed social mobility,and psychological stress among students.The paper explores the barriers to higher education imposed by financial constraints and the systemic challenges that exacerbate income inequality in access to quality education.Case studies highlight the resilience of students who overcome these obstacles,as well as the struggles of those who face significant setbacks.The paper concludes with policy implications and recommendations for future research,emphasizing the need for a comprehensive approach to address the financial barriers in higher education.It advocates for policy interventions that increase financial aid,reform educational funding,and promote innovative and affordable educational models to ensure equitable access to higher education.
