Looney and you will Yannelis keep in mind that this type of colleges tended to subscribe pupils with particular characteristics-a whole lot more was indeed financially separate, originated from reasonable-earnings group, otherwise both. You to definitely compounded the vulnerability so you can standard, perhaps partially while they was in fact less likely to want to get household members assistance. The analysis nevertheless located a connection between university variety of and you can default, even with accounting for those attributes.

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