Heckman, Stuart; Letkiewicz, Jodi; Lim, HanNa - In: Financial services review 33 (2025) 2, pp. 74-92
A human capital model is used to examine students' willingness to borrow to pay for a college degree. We hypothesize … Financial Wellness, we found that 13% of college students are not willing to borrow to pay for school, 31% are willing to borrow … up to $20,000, and 27% are willing to borrow up to $50,000. Overall, we find evidence that students' willingness to …