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Journal of Student Financial Aid

Journal of Student Financial Aid

Abstract

This study examines attitudes of Americans toward borrowing to finance educational expenses over the period from 1959 to 1983. The study finds that overall Americans have had a consistently favorable view toward educational loans. However, not all Americans share this general enthusiasm for borrowing. People from low-income backgrounds, in particular, are less likely to have a positive attitude toward borrowing to finance educational expenses than are people from middle- or upper-income backgrounds.

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