This study examined the influence of student debt load on college persistence using the National Postsecondary Aid Survey of 1992- 93. The authors developed and tested a model of student persistence that included total accumulated debt and threshold of accumulated debt, and found the latter a more effective method of examining student debt response. The authors found small negative coefficients for debt and advance possible explanations for the results.
Cofer, James and Somers, Patricia
"An Analytical Approach to Understanding Student Debtload Response,"
Journal of Student Financial Aid: Vol. 29
, Article 2.
Available at: https://ir.library.louisville.edu/jsfa/vol29/iss3/2