Document Type

Article

Publication Date

2024

DOI

10.37256/ujfe.3120242733

Publication Title

Universal Journal of Financial Economics

Volume

3

Issue

1

Pages

34-43

Abstract

In the United States, many student veterans use their GI Bill benefits to help fund their postsecondary education; however, when the GI Bill is not enough, student veterans may turn to grants and loans to subsidize their financial needs. This study examines the degree and extent to which Pell Grants and student loans are being used by student veterans using data pulled from the National Center for Education Statistics’ Baccalaureate and Beyond dataset. We found that Pell Grant awards were higher for student veterans with disabilities as well as Blacks and that a student’s age contributed to the overall amount of federal student loans borrowed. Implications, future directions, and a discussion of the results are provided.

Rights

© 2024 Kim E. Bullington

This work is licensed under a Creative Commons Attribution 4.0 International (CC BY 4.0) License.

ORCID

0000-0003-4653-3008 (Bullington), 0000-0001-5934-1166 (Nuckols)

Original Publication Citation

Bullington, K. E., Bills, K. L., Thomas, D. J., Nuckols, W. L., & Howell, J. L. (2024). Is the GI bill enough? An exploratory analysis of student veteran borrowing in college. Universal Journal of Financial Economics, 3(1), 34-43. https://doi.org/10.37256/ujfe.3120242733

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