Education loan repayment: a systematic literature review

IF 2.9 Q2 BUSINESS

Journal of Financial Services Marketing Pub Date : 2023-10-05 DOI:10.1057/s41264-023-00248-2

Rakshith Bhandary, Sandeep S. Shenoy, Ankitha Shetty, Adithya D. Shetty

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引用次数: 0

Abstract

Abstract Education is a significant contributor to human capital. Financial assistance for education through institutional loan serves as the key element for human development, and loan repayment without default makes the education loan product self-sustainable. The systematic review aims to study the various articles related to education loan repayment (ELR) using bibliometric analysis approach and R studio software with the help of biblioshiny package. The study analyses 812 articles published in the Scopus database between 1990 and 2022. The review identifies most relevant authors, most cited articles, publication trends, keywords and themes, and trending topics. The review finds that research in the domain of ELR is at an increasing trend with a growth rate of 7.2% and, in the year 2022, the highest number of scientific publications, that is, 72 articles, was published. The review exhibits that existing research in the field has mainly focused on themes such as repayment burden, financial literacy, financial education, student debt, income, mental health, and loan defaults. The study concludes that highly cited work in educational loan repayment is in the field of medicine, highlighting salary as the key factor for educational loan repayment, and loan repayment is incentivized by the federal government to serve the designated underserved areas through service option loan repayment programs. Methods on designing and marketing new approaches to loan repayment can be researched in future with relation to human resource recruitment and retention by the employers.

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教育贷款还款:系统的文献综述

教育是人力资本的重要贡献者。通过机构贷款为教育提供资金支持是人的发展的关键要素，贷款的无违约偿还使教育贷款产品具有可持续性。本系统综述的目的是利用文献计量分析方法和R studio软件，在biblioshiny软件包的帮助下，对与教育贷款偿还(ELR)相关的各种文章进行研究。该研究分析了1990年至2022年间在Scopus数据库中发表的812篇文章。该综述确定了最相关的作者、被引用最多的文章、出版趋势、关键词和主题以及热门话题。回顾发现，ELR领域的研究呈增长趋势，增长率为7.2%，并且在2022年发表了最多的科学出版物，即72篇文章。回顾表明，该领域的现有研究主要集中在还款负担、金融素养、金融教育、学生债务、收入、心理健康和贷款违约等主题上。该研究得出结论，在教育贷款偿还方面被引用最多的工作是在医学领域，强调工资是教育贷款偿还的关键因素，联邦政府通过服务选项贷款偿还计划激励贷款偿还，以服务于指定的服务不足地区。设计和营销新的贷款偿还方式的方法可以在未来与雇主招聘和保留人力资源有关。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Financial Services Marketing BUSINESS-

CiteScore

5.60

自引率

26.70%

发文量

期刊介绍： Under the guidance of its expert Editors and an eminent international Editorial Board, Journal of Financial Services Marketing has become one of the world''s leading forums for the latest thinking, techniques and developments in marketing financial services. The Journal has established itself as a key bridge between applied academic research and commercial best practice, globally. The journal covers: marketing banking services, pension plans, insurance, saving schemes, investment finance, personal finance, mortgages and credit and debit cards loyalty plans brand management cross-selling products and services customer relationship management online services customer profiling targeting product positioning pricing distribution management consumer finance pooled investment funds The Journal of Financial Services Marketing publishes detailed and authoritative: Case studies from marketers worldwide, detailing their practical experiences, the problems faced and the lessons learned Research with IMPLICATIONS FOR PRACTICE from leading business schools, research institutes and universities, worldwide Reviews and briefings by expert practitioners and academics sharing thought-provoking and challenging ideas Legal reviews examining in detail the major changes in legislation Book reviews providing a ''thumbnail'' of best practice in marketing within the financial services field ...to keep subscribers up-to-date with the latest developments and thinking in bank and financial services marketing.