New Research: Borrowing Arrangements and Returns to Education

A JFI paper on higher ed finance and ISAs

JFI Director of Research Sidhya Balakrishnan and fellow Barry Cynanom posted a pre-print of their paper on SSRN today. The paper, the first major piece of research on ISAs, finds that “on average, borrowing $30,000 diminishes the lifetime college value premium by 11% with an ISA compared to 25% with a student loan.”

The paper is available here.