Date of Graduation

5-2013

Document Type

Thesis

Degree Name

Bachelor of Science in Business Administration

Degree Level

Undergraduate

Department

Finance

Advisor

Rennie, Craig G.

Reader

Stamenov, Venstislav M

Abstract

In June 2010, student loan debt rose to over $800 billion, surpassing total credit card debt outstanding for the first time. Along with the increase in the amount borrowed to pay for education, so too, is the percentage of default rates. The analysis presented suggests that cohort default rates increase in number proportionately to annual unemployment rates, while exhibiting an inverse relationship with the average student loan debt upon graduation.

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