Jane Sjogren


Borrowing for undergraduate education has become an increasingly important means of meeting the rising costs of obtaining an undergraduate degree. Women now outnumber men as undergraduates and, for the first time, there are now more women borrowing for college than men. This article uses three national data sets to investigate differences in borrowing between female and male undergraduates. It finds that while there are some differences in both borrowing patterns and behaviors between men and women, men and women are borrowing similar amounts. In light of the shift toward borrowing in federal financial aid policy, this evidence indicates that equal access to financial capital for investment in human capital results in comparable investment behavior in undergraduate education for men and women.