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ABSTRACT. Our paper is related to studies that focus on the increase of student loans in the United States. The theory that we shall seek to elaborate here puts considerable emphasis on the feasible consequences of the private market for student loans on higher education enrollment. The aim of the present study is to examine and evaluate the success of financial aid in furthering college investment. The findings of this study have implications for the degree to which capital limitations hinder higher education access and effectiveness.
JEL codes: I23; D83

Keywords: higher education; student debt crisis; United States; private market

How to cite: Popescu, Gheorghe H., and Florin Cristian Ciurlau (2017). “The Skyrocketing Costs of U.S. Higher Education and the Student Debt Crisis,” Psychosociological Issues in Human Resource Management 5(1): 242–248.

Received 24 November 2016 • Received in revised form 11 March 2017
Accepted 12 March 2017 • Available online 2 April 2017

doi:10.22381/PIHRM51201710

GHEORGHE H. POPESCU
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Center for Applied Macroeconomic Analysis
at AAER, New York;
Dimitrie Cantemir Christian University, Bucharest
FLORIN CRISTIAN CIURLAU
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Dimitrie Cantemir Christian University, Bucharest

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