Prediction of student loan default rates

Date
2015-11
Authors
Manya, Abwoga Susan
Journal Title
Journal ISSN
Volume Title
Publisher
Strathmore University
Abstract
This study focuses on the modeling of the probability of student loan default using certain characteristics of individual students. A generalized linear model is adopted in the rating of students' characteristics to parameterize their significance. Factors to be rated include the type of university attended, the type of loan taken by the student and the period of the course. By determining the probability of default, the amount of loss expected can be detem1ined and thus create reserves to counter the .adverse effects of high student loan defaults.
Description
A research project submitted in partial fulfillment of the requirements for the Degree of Bachelor of Business Science Actuarial at Strathmore University
Keywords
Prediction, Student, Loan default rates
Citation