{"id":773,"date":"2019-01-17T12:00:10","date_gmt":"2019-01-17T12:00:10","guid":{"rendered":"https:\/\/education.ufl.edu\/eprc\/?p=773"},"modified":"2019-12-16T19:22:53","modified_gmt":"2019-12-16T19:22:53","slug":"education-policy-brown-bag-dr-dennis-kramer","status":"publish","type":"post","link":"https:\/\/education.ufl.edu\/eprc\/2019\/01\/17\/education-policy-brown-bag-dr-dennis-kramer\/","title":{"rendered":"Education Policy Brown Bag: Dr. Dennis Kramer"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”3.19.4″ custom_padding=”0|0px|0|0px|true|false” top_divider_color=”#efefef” bottom_divider_color=”#e2e2e2″ bottom_divider_height=”37px”][et_pb_row use_custom_gutter=”on” gutter_width=”3″ custom_padding=”0|0px|48px|0px|false|false” custom_margin=”25px||” _builder_version=”3.19.4″ border_color_bottom=”#e2e2e2″][et_pb_column type=”1_4″ _builder_version=”3.0.47″ parallax=”off” parallax_method=”on”][et_pb_image src=”https:\/\/education.ufl.edu\/eprc\/files\/2018\/12\/Kramer_II_Dennis.jpg” _builder_version=”3.19.4″][\/et_pb_image][et_pb_text _builder_version=”3.19.4″ custom_margin=”0px|||” custom_padding=”0px|||”]<\/p>\n

Dennis Kramer II, Ph.D.<\/strong><\/h2>\n

Founding Director – Higher Education
University of Florida<\/em><\/p>\n

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Thursday, January 17, 2019<\/strong><\/span><\/p>\n

12:00pm – 1:00pm<\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”3.19.4″ custom_margin=”0px|||” custom_padding=”0px|||”]<\/p>\n

The Effects of Default Choice on Student Loan Borrowing:
Experimental Evidence from a Public Research University<\/strong><\/span><\/h2>\n

The complexities of the postsecondary financial aid system undermine the objectives of increasing student access and success. This is particularly true when students are making decisions to accept, modify, or decline their federally-guaranteed student loans. Given these complexities, we were interested in the role of defaults and choice architecture on student loan decision-making. Our experimental results indicate that the default choice significantly influenced student loan borrowing. Specifically, we find that student randomly assigned to the opt-in default choice borrowed approximately five percent lower total and unsubsidized loan amounts and were five percentage points less likely to borrow any loans or to accept their entire loan package. Heterogeneous effects were also explored with consistent treatment effects found across multiple undergraduate student groups. Finally, we fail to find that the default choice incentivized any substitution away from subsidized and unsubsidized federal loans toward private, Graduate PLUS, or Parent PLUS loans.\u00a0 Results indicate that creating an opt-in student loan choice environment may marginally increase optimal borrowing behaviors for undergraduate students.<\/p>\n

[\/et_pb_text][et_pb_button button_url=”\/eprc\/seminar-series” button_text=”Return to Seminar Series Page” _builder_version=”3.19.4″ custom_button=”on” button_text_size=”16px” button_text_color=”#1b3664″ button_border_radius=”0px” button_letter_spacing=”1px” button_font=”|600||on|||||” custom_margin=”0px||”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

Thursday, January 17, 2019 | 12:00pm – 1:00pm | NRN 1-345<\/strong>
\nThis is particularly true when students are making decisions to accept, modify, or decline their federally-guaranteed student loans. Given these complexities, we were interested in the role of defaults and choice architecture on student loan decision-making. Our experimental results indicate that the default choice significantly influenced student loan borrowing. <\/p>\n","protected":false},"author":306,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-773","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEducation Policy Brown Bag: Dr. Dennis Kramer - Education Policy Research Center<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/education.ufl.edu\/eprc-1\/2019\/01\/17\/education-policy-brown-bag-dr-dennis-kramer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Education Policy Brown Bag: Dr. Dennis Kramer - Education Policy Research Center\" \/>\n<meta property=\"og:description\" content=\"Thursday, January 17, 2019 | 12:00pm - 1:00pm | NRN 1-345 This is particularly true when students are making decisions to accept, modify, or decline their federally-guaranteed student loans. 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