6. Ethnicity and religion: Students of Indian origin are 11.7 percentage points less likely to take out maintenance loans compared with otherwise similar students from other ethnic groups. Muslim students are 9.7 percent less likely to take out both tuition fee and maintenance loans. These effects are much smaller https://getbadcreditloan.com/payday-loans-in/sulphur-springs/ and insignificant when accounting for living at home.

In summary

Understanding who does and does not take out student loans is important because those who manage to study without borrowing enjoy significant advantages both during and after their studies. The financial advantages might spill over to academic achievements and to post-graduation choices and opportunities (e.g.Continue reading→