1996•Journal of Student Financial AidOpen access

How Much Student Loan Debt Is Too Much?

Keith Greiner

Abstract

Student loan debt may be too burdensome for some college graduates. This paper updates the definition of debt burden based on the perception of borrowers and on federal Department of Housing and Urban Development recommended debt level. The results of a survey of Iowa borrowers suggest that about 74% have manageable debt, while 26% have an excessive debt burden. Nevertheless only about 7% can be expected to default. Those with an excessive debt burden may not be in danger of default because of a variety of available repayment strategies.

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Key concepts: Debt, Student loan, Default, Student debt, Loan, Recourse debt, Business, Variety (cybernetics)