WP 24-20 – The authors of this study develop a model that predicts the probability of financial distress or closure for colleges and universities more accurately than existing accountability metrics, even when data are missing.

We document changes in the rate at which borrowers repay their student loans by calculating a borrower-level loan paydown rate — the percentage change in outstanding debt relative to debt at repayment entry.

CFI in Focus – Over 40 million Americans currently hold student loans, with an average balance of nearly $40,000 per borrower. As loan balances rise — and particularly during difficult economic times — there is increasing worry about student borrowers’ ability to make payments.