"Community college students who were offered and took out loans earned more credits and attained higher grade point averages than did peers who did not receive the 'nudge' to borrow, according to a study released Monday by the National Bureau of Economic Research," Inside Higher Ed reports.
"In the study, by Benjamin M. Marx of the University of Illinois at Urbana-Champaign and Lesley J. Turner of the University of Maryland at College Park, students at a large community college were randomly offered either a loan of $0 or a loan of $3,500 (for freshmen) or $4,500 (for sophomores)."
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Publication Date: 11/29/2017