Browsing by Author "Pyne, Jaymes"

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    Smooth Sailing in a Perfect Storm of Student Debt? Change and Inequality in Borrowing and Returns to Advanced Degrees
    Pyne, Jaymes; Grodsky, Eric (Wisconsin Center for Education Research, 2018-08-01)
    Recent efforts to understand aggregate student loan debt have shifted the focus away from undergraduate borrowing and toward dramatically rising debt among graduate and professional students. The authors suggest educational debt plays a key role in social stratification by deterring bachelor’s degree holders from disadvantaged and underrepresented backgrounds from pursuing lucrative careers through advanced degree programs. In contrast to undergraduate debt alone, the burden of educational debt among graduate borrowers appears to have fallen on students from lower socioeconomic backgrounds and historically discriminated students of color more so than their more advantaged counterparts and women more so than men. Average graduate degree wage premiums over bachelor’s degree holders are substantial for many who graduate with advanced degrees, but are particularly high for African American graduates, complicating simple conclusions about the stratification of debt at the postgraduate level.
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    Where’s the Crisis? How Undergraduate Enrollment Patterns Influence Growth in Student Debt
    Pyne, Jaymes; Grodsky, Eric (Wisconsin Center for Education Research, 2018-08-01)
    When planning for college, students face a range of constrained choices governed in part by variation among institutions. What are the economic consequences of those decisions and constraints during and after college? We know borrowing patterns vary by institutional sector, yet colleges within a sector vary considerably by admission and graduation rates, returns to degrees, and costs for students. Using data from the Beginning Postsecondary Students and Baccalaureate and Beyond studies, the authors evaluate undergraduate student loan debt and labor market outcomes differentiated by institutional sector and competitiveness.