Search

Matching contributions for qualified student loan payments (QSLPs) are a new option available for use in any 401(k), 403(b), government 457(b), and SIMPLE IRA plan. Under this alternative feature, a plan sponsor may choose to treat an employee's qualified student loan payments as an elective deferral and make matching contributions to the retirement plan based on those loan payments. This design opportunity is optional, and it offers employers the choice to support employees with student loan debt in a unique way. The prospect of designing a plan to match student loan repayments offers both advantages and disadvantages for plan sponsors. The question that needs to be answered is whether your clients should amend their plan to adopt this new idea. [ABSTRACT FROM AUTHOR]

Currently in the United States, outstanding higher education student loans total over $1.7 trillion. High levels of student loan debt create numerous issues for clients. For example, student loan debt has been associated with lower home ownership. This study demonstrates the devastating impact excessive student loan debt has on the ability to accomplish long-term tax-advantaged savings and to have a successful financial future. [ABSTRACT FROM AUTHOR]

Many financially distressed students who qualify for federal assistance plans with interest moratorium and principal forgiveness instead accrue interest over long periods of nonpayment. This loan mismanagement is associated with higher delinquency. Mismanagement varies significantly across student gender and race: it is more prominent among male and non-white students. Mismanagement also varies across loan servicers, depending on proxies for student-adverse servicer policies. We consider explanations based on student selection and servicer treatment for loan mismanagement. Student financial literacy plays an important role but variation in treatment on the part of loan servicers appears more important. Authors have furnished an Internet Appendix , which is available on the Oxford University Press Web site next to the link to the final published paper online [ABSTRACT FROM AUTHOR]

As part of efforts to mass higher education, China introduced state-sponsored student loans around the turn of the century, a progressive social policy reflecting the country's move toward increased marketization and decentralization in delivering educational services. The loan scheme, open to low-income students, is a voluntary policy transfer that draws on lessons from abroad. Unexpectedly, it stalled soon after implementation. Subsequent local experimentation brought it back on track. This article uses the Dolowitz and Marsh policy transfer framework to identify and explain the unsuccessful transfer. It also uses Heilmann's model to examine the local experimentation that brought about institutional change nationwide. The article argues that policy transfer, in conjunction with policy experimentation, provides practical frameworks for capturing the subtleties of China's hierarchical governance and the different complications experienced throughout the policy process. The article thus contributes to the integration of policy transfer and experimentation as a broader toolbox for policy analysis. [ABSTRACT FROM AUTHOR]

We quantify the total stock of balances eligible for the Biden administration's 2022 student loan forgiveness proposal and examine which groups would have benefited most. Up to $442 billion in loans were eligible. Those who would have benefited most were younger, had lower credit scores, and lived in lower- and middle-income neighborhoods. We also find that Black and Hispanic borrowers would have disproportionately benefited from the proposal. We then compare the distribution of beneficiaries for the proposed policy to several alternative hypothetical forgiveness proposals and three existing tax credits. The additional forgiveness for Pell Grant recipients increased the progressivity of the policy at a cost of $129 billion. Reducing the income eligibility criterion in half from the proposal would have reduced the cost by nearly $100 billion and made the policy more progressive. Compared with existing tax credits, the announced forgiveness policy is less progressive than the Earned Income Tax Credit but more progressive than the 2019 Child Tax Credit and higher education tax credits. We conclude with a discussion of how each policy lever affects the progressivity of loan cancellation to help inform future policy. [ABSTRACT FROM AUTHOR]

Purpose: This paper aims to examine prospective graduate students' attitudes toward educational loan borrowing in an experimental setting. Design/methodology/approach: Participants were randomly assigned to two treatment groups and one control group. Subjects in experimental group 1 received financial education: a short online course on the economic viability of getting a master's degree and how to finance it with a graduate student loan, while subjects in experimental group 2 received financial education along with information on the availability bias. Findings: Relying on a control group in the assessment of financial literacy education intervention impacts, this research finds positive causal treatment effects on individuals' attitudes toward debt-financed graduate education. In comparison to the control group, experimental subjects perceived the possibility of going into debt with a graduate loan to complete a master's degree as less stressful and worrying. Practical implications: This study has important educational policy implications to prevent students from stopping investing in human capital by perceiving educational loan debt as something stressful or worrying. The results can help potential (and current) grad students develop a feasible financial plan for graduate school by encouraging higher education institutions to implement educational loan information and financial education into university seminar courses for better graduate student loan decision-making. Originality/value: Student attitudes toward debt have been analyzed in the context of higher education, but only a few researchers internationally have used an experimental design to study personal financial decision-making. [ABSTRACT FROM AUTHOR]

This article explores the impact of financial factors outside of a defined contribution (DC) plan on retirement readiness for public-sector participants. The study reveals that a significant number of households experience monthly unfunded spending spikes, which can lead to increased credit card debt and the likelihood of taking a plan loan. The research emphasizes the importance of emergency savings in preventing a cycle of increasing debt that can negatively affect retirement readiness. It also highlights the role of overall financial wellness programs, such as budget webinars and emergency savings, in improving retirement planning. The study considers demographic factors and references external sources to support its findings. [Extracted from the article]

The valorization of skills in English higher education policy-making is a long-standing refrain, informing both rhetoric and investment from government and shaping university behaviour. Critiques of the 'skills agenda' are equally established, on grounds of its contested evidence base, manner of implementation and even its very definition. This paper draws on Bacchi's 'What is the Problem Represented to Be?' (WPR) approach (Bacchi, in: Bletsas, Beasley (eds) Engaging with Carol Bacchi: strategic interventions and exchanges, The University of Adelaide Press, Adelaide, 2021a; Bacchi and Goodwin in Poststructural policy analysis: a guide to practice, Palgrave Macmillan, New York, 2016) to examine how the UK Department for Education's nascent Lifelong Loan Entitlement (LLE) policy represents, and therefore in Bacchi's sense produces, problems in the English tertiary education system. Through its WPR analysis of a significant contemporary shift in the English funding system, this paper demonstrates how the LLE policy replicates but also extends certain key features of the skills agenda and the dominant presuppositions of current English higher education policy-making. [ABSTRACT FROM AUTHOR]

The article "Green ECB Credit: One Step Too Far" by Christian Pfister discusses the proposal to refinance green credit by the European Central Bank at favorable conditions. The motives, implementation, and potential criticisms of the proposal are examined, with a conclusion that adopting the measure would be excessive. Various economists and policymakers have supported this proposal, including the head of state in France, but the article raises concerns about the implications of such a measure. The author presents a critical analysis of the proposal, highlighting potential economic, legal, and administrative challenges that may arise from its implementation. [Extracted from the article]

How does household exposure to a natural disaster affect higher education investments? Using variation in flooding from Hurricane Harvey (2017), we find that college-aged adults from flooded blocks in Houston are 7% less likely than counterparts to have student loans after Harvey, with larger effects in areas with more potential first-generation students. We find a similar relative decline in enrollment at more exposed Texas universities and colleges and a shift toward majors with higher expected earnings. Our results highlight a decrease in the quantity but an increase in the intensity of investments in human capital after the storm. Authors have furnished an Internet Appendix , which is available on the Oxford University Press Web site next to the link to the final published paper online. [ABSTRACT FROM AUTHOR]

A review of ALEX POLLOCK & HOWARD ADLER, SURPRISED AGAIN! THE COVID CRISIS AND THE NEW MARKET BUBBLE (2022) I approach phenomena that I don't understand with good cheer and [...]

How much do students benefit from student loan subsidies? We investigate this question, exploiting a natural experiment: a demand shock due to the 2011 tightening of credit standards in the PLUS program. We first establish that the Bennett hypothesis is best explained by colleges charging large markups over their marginal costs, rather than by advantageous selection. Then we use our results to estimate that students plausibly capture less than 60 cents of each dollar of resources expended on loan subsidies. We discuss alternative approaches that would more directly benefit students. [ABSTRACT FROM AUTHOR]

Copyright of Education Policy Analysis Archives / Archivos Analíticos de Políticas Educativas / Arquivos Analíticos de Políticas Educativas is the property of Educational Policy Analysis Archives & Education Review and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The XYZ Institution/Agency, as a governmental institution, has the obligation to resolve debts resulting from financial losses. This study aims to analyze the influence of demographic, financing, and educational institution characteristics on the default of educational debt/student loan (State Compensation Claim for Breach of Service Agreement) at the XYZ Agency. To achieve this objective, the study utilizes data on debtors from 1983 to 2022 at the XYZ Agency and employs binary logistic regression analysis. The results of this study indicate that age and receivable value significantly affect the quality of the debtor's receivables. Specifically, debtors who are over 26 years old and have receivable values above IDR 200,000,000 are more likely to default. In contrast, gender and campus status do not significantly impact the default rates. These findings are expected to provide insights for the XYZ Agency in improving the management of state debts, particularly educational debts, and contribute to the development of policies related to debt management in the public sector. This study also provides a comprehensive overview of the variables influencing the default of educational debts at the XYZ Agency, with a focus on the State Compensation Claim (TGR) process at the XYZ Agency. [ABSTRACT FROM AUTHOR]

This study investigated the effects of U.S. student loans on attainment via the GPA of non-white undergraduates. The data for the study were drawn from the 2012/2017 Beginning Postsecondary Students Longitudinal Study (BPS: 12/17), encompassing a nationally representative sample of 1500 African American, Hispanic, Asian, multiracial, and other non-white students. The results, based on regression models and the bootstrapped confidence interval (BCI) method, indicated that student loans were associated with GPA, and both student loans and GPA were associated with attainment. Notably, the indirect effect of loan status on attainment was negative, whereas the indirect effect of high debt on attainment was positive. These findings highlight the indirect relationship between student loans and attainment and suggest that high debt has the potential to offset the negative effect of loan status on academic outcomes. The implications of these findings for higher education practice and policy debates are critical, particularly in the context of addressing non-white students' financial needs and enhancing their academic outcomes. [ABSTRACT FROM AUTHOR]

We examine how mortgage brokers affect borrower confusion about key mortgage features and assess whether brokers mitigate confusion by educating borrowers. Drawing from two lab-in-the-field experiments, we first show a correlation between the attributes borrowers find most confusing and those they find least important. Second, we show that borrowers who secure loans directly from lenders demonstrate lower confusion levels compared to those using brokers, even after accounting for self-selection bias. Despite this, broker users exhibit higher decision satisfaction and confidence after taking a loan. Third, using responses from discrete choice experiments to implement a causal mediation analysis with a single IV, we evaluate the influence of broker use, financial literacy, and subjective confusion on borrowers' willingness to pay for specific mortgage attributes. Our findings reveal that broker users are willing to pay more for attributes that increase the value and duration of loans, increasing broker commissions. [ABSTRACT FROM AUTHOR]

OBJECTIVES: The adverse effects of physician stress on health system performance are well documented. Financial stress is a notable cause of anxiety in medical residents; however, most residency programs lack formal, comprehensive financial education programs. Early single-center studies link financial education interventions to improved immediate fiscal well-being, but programs evaluating its long-term effects are lacking. METHODS: Fifty (50) Emergency Medicine and Internal Medicine resident physicians from CommonSpirit Health's St. Joseph's Medical Center in Stockton, CA and Mercy One Medical Center in Des Moines, IA participated in a virtual 8-hour financial education course in April 2022. Participants completed pre-, post-, and 18-month follow-up course surveys to measure financial confidence in seven financial domains and six markers of stress of financial origin (SOFO). RESULTS: Forty (40) of 50 residents (80%) completed the pre-and post-course surveys and 19 (38%) completed pre-, post-, and 18-month follow-up surveys. Immediately after the course, there was a statistically significant increase in financial confidence in all seven course domains (p < 0.01) and a significant reduction in SOFO markers (p < 0.01-0.02). At 18 months, financial confidence markers remained increased in most course domains, except related to debt and mortgage, passive income, and taxes. There was a strong association between financial confidence and SOFO immediately post course. Residents with low financial confidence were 15 times as likely to experience SOFO than those with higher financial confidence (p = 0.02). These associations did not persistent at 18 months. CONCLUSION: Financial stress is a major contributor to anxiety among physician trainees. Our financial education program demonstrated a significant impact on financial confidence and markers of SOFO, especially in the short term. This offers promising results for personal finance education to serve as a feasible intervention to address physician stress but suggests the need for longitudinal education to maintain its beneficial effects. [ABSTRACT FROM AUTHOR]

Research has linked disability to differential experiences and outcomes for students at multiple levels of education. To date, however, available data sources have prevented comprehensive analyses of the statistical relationship between disability and the pathways traveled by students through Ontario post‐secondary education (PSE). Through this study, we examine this topic by leveraging a large multifaceted linkage that brings together rich administrative data from the Toronto District School Board (Grades 9–12), Ontario college and university enrollment records (2009–2018), as well as government student loans and tax records. We use these data to statistically model differences in the PSE pathways traveled by more than 33,000 TDSB students. Our analyses identify statistically significant differences in the likelihood that students with/without disabilities will travel certain PSE pathways. However, such differences shrink drastically once we control for high school‐level factors (e.g., academic performance, absenteeism). We elaborate on the importance of these findings for both social stratification researchers and policymakers. [ABSTRACT FROM AUTHOR]

Using exogenous changes in the personal bankruptcy treatment of student loans as well as the level of student debt, we find that student debt has a negative effect on household retirement savings. This negative relation is present for younger and older individuals, and is larger for the latter group, indicating lower levels of retirement savings for precisely those who can least afford it. We also find that student debt is related to greater borrowing on retirement plans. Households with more student debt expect to have insufficient retirement income and are less able to plan financially for the long term. [ABSTRACT FROM AUTHOR]

Federal student loans represent a multibillion-dollar investment by American taxpayers. Although most student loans are repaid on time, a significant minority of borrowers struggle to repay their debts. This is particularly true when the education obtained using the loans does not translate into higher earning potential for the borrower. Policymakers have periodically focused attention on easing the burden of student debt. The sympathetic plight of many borrowers makes it easy to consider only their best interests. However, on the opposite side of every debtor is a creditor; in this case, it is the federal government as a representative of taxpayers. Failure to consider the best interests of creditors when considering debt forgiveness can lead to inefficient and unfair outcomes. When making decisions to forgive student debt, policymakers would do better to consider the repayment interests of taxpayers and grant loan forgiveness only when the costs of attempting to collect from borrowers exceeds the likely recovery, or when borrowers demonstrate an inability to satisfy all of their debts. Bankruptcy proceedings can offer targeted and efficient solutions to the student loan debt forgiveness problem and should be better implemented in this space. Furthermore, administrators of student loan programs should update lending criteria for future loans based upon past student loan performance. [ABSTRACT FROM AUTHOR]

This paper uses critical archival analysis, paired with textual analysis of grant descriptions, to understand how nine foundations — all with endowments derived from the student loan industry — have motivated their college completion work and the relationship between these commitments and grantmaking over time (2000–2019). Mobilizing concepts of theorization and racialized change work (RCW) to analyze the relationship between funders' deployed racial frames and their theory of change, this paper offers three primary contributions: 1) A methodological approach to analyzing philanthropic or intermediary-led reform campaigns (e.g. the college completion agenda) as a form of theorization — a core mechanism of institutional change and diffusion — inclusive of funders' racial projects; 2) Insights on the qualitative, causal pathway by which one foundation created organization-specific interest convergence that facilitated engagement in RCW, and 3) Evidence demonstrating how race-evasive theorizations, even if efficacious mechanisms for change, fail to deinstitutionalize a core mechanism of racialization: investment in deficit-minded, individual-level projects. These insights speak not only to the material differences between race-evasive and race-conscious theorizations, but also organizational pathways toward durable race-conscious commitments in higher education. [ABSTRACT FROM AUTHOR]

Purpose: This study analyzed the impact on the persistence of Chilean university students who had received a government-guaranteed loan (CAE). Design/methodology/approach: Using academic and administrative data from 2016 to 2019, provided by 11 Chilean universities, a discrete-time survival model was constructed. The model was based on data of 5,276 students in the 2016 cohort and included sociodemographic variables, academic background prior to entering university and academic performance once in university. As a robustness check of our results to observable confounding, the analysis was repeated using a control group constructed using propensity score matching (PSM). Findings: The results reveal that students who receive a bank loan (CAE) were more likely to remain in undergraduate studies for at least the first two years of university, as opposed to their peers who did not receive financial aid. In addition, they show the importance of academic performance in retention. Originality/value: The article advances in the identification of the impact of bank loans on permanence. Although previous research has evaluated the impact of the CAE, it has been conducted on small samples of students. These studies also lacked student records associated with their academic performance at the university. The present research overcomes both weaknesses, allowing us to estimate the impact of the CAE on a larger population of students that is representative of the system. [ABSTRACT FROM AUTHOR]

At a time when the returns to college and graduate school are at historic highs, why do so many students struggle with their student loans? The increase in aggregate student debt and the struggles of today's student loan borrowers can be traced to changes in federal policies intended to broaden access to federal aid and educational opportunities, and which increased enrollment and borrowing in higher-risk circumstances. Starting in the late 1990s, policymakers weakened regulations that had constrained institutions from enrolling aid-dependent students. This led to rising enrollment of relatively disadvantaged students, but primarily at poor-performing, low-value institutions whose students systematically failed to complete a degree, struggled to repay their loans, defaulted at high rates, and foundered in the job market. As these new borrowers experienced similarly poor outcomes, their loans piled up, loan performance deteriorated, and with it the finances of the federal program. The crisis illustrates the important role that educational institutions play in access to postsecondary education and student outcomes, and difficulty of using broadly-available loans to subsidize investments in education when there is so much heterogeneity in outcomes across institutions and programs and in the ability to repay of students. [ABSTRACT FROM AUTHOR]

This document provides a list of recommended readings for undergraduate economics teachers, covering a range of topics including wealth taxation, corporate bonds, productivity growth, Federal Home Loan Banks, and non-fungible tokens (NFTs). It also mentions a special issue of the Journal of Benefit-Cost Analysis focusing on sustainable development goals. The document discusses the congestion pricing plan in Manhattan, implemented by the Metropolitan Transportation Authority (MTA), which aims to reduce traffic and raise funds for public transit. The Journal of Economic Education has published a symposium on economics education, highlighting the decline in students taking economics courses. Steven Levitt, co-author of Freakonomics, has retired from academic economics, citing a lack of impact and a desire to reach a wider audience through media platforms. The Dunning-Kruger effect, which refers to people lacking the expertise to recognize their own lack of expertise, is discussed in an interview with David Dunning. Edward Glaeser explores the concept of the "15-minute city" and its potential impact on racial and income segregation in American cities. The document also examines the changing nature of tipping in the United States, with tipping becoming more expected in various transactions. Lastly, it discusses the decline in the shareholder tax base in the United States, with foreign and tax-exempt investors now dominating stock ownership. [Extracted from the article]

The document is the front matter of the Journal of Economic Perspectives, a publication of the American Economic Association. It provides information about the editors, associate editors, and advisory board of the journal. It also includes a table of contents for the Summer 2024 issue, which features symposia on the Tax Cuts and Jobs Act of 2017 and expanding the appeal of economics, as well as articles on federal student loans and the economics of extinction. The journal aims to bridge the gap between the general interest business and financial press and standard academic journals of economics. [Extracted from the article]

We provide updated results about the link between student loan debt and emergency savings with financial stress, and after conditioning for differences in social and personal resources. We use the stress process model framework and data from the 2020 Study on Collegiate Financial Wellness (N = 25,310) to estimate ordered probit regression models. The 2020 data confirm that students report higher levels of stress if they hold more loan debt and have lower emergency savings. Students with higher levels of financial socialization and financial self‐efficacy experience less financial stress and experience more stress when they report both positive and negative financial management behaviors. Among student‐borrowers, the role of social and personal resources is weakened. The data confirm ongoing financial stress among college students and points to the important role of financial socialization through parents and financial skill in students' ability to cope with financial stress. [ABSTRACT FROM AUTHOR]

Using data from 27 European countries in the academic years 2005/06, 2010/11, and 2015/16, we investigate the association between student funding policies and student labour during term time – a phenomenon often seen as detrimental for higher education outcomes. Income substitution effects between entitlements to different types of financial aid and labour income can vary depending on national context, including prevailing norms with regard to students' transition to independent adulthood. Thus, we use panel regressions with random effects for countries, controlling for relevant factors like average wages in the economy. We could not reject the null hypothesis of no relationship between student funding policy and the share of students in employment. On the other hand, generosity of student funding, in particular of its non-repayable components, was negatively, albeit weakly, associated with the average hours worked by employed students. We found this pattern to be more prevalent among older and female students, but not among students living with parents or from lower educational backgrounds. Overall, student funding policies explain little cross-country variance in student labour. This could be attributed to students' preference to use public funding as a substitute of parental transfers or a mean for increasing their total income. [ABSTRACT FROM AUTHOR]

The mass-scale expansion of student loan schemes in Turkey over the last two decades has been accomplished by a governance technique which the article defines as authoritarian debtfarism. By restructuring the Credit and Dormitories Institution (KYK) as subordinated to the executive and insulated from democratic intervention, the authoritarian neoliberal state in Turkey has sought to fulfil its new economic function, i.e. enabling the societal reproduction of the youth by increasing their financial dependency on credit money. The state-led student loan expansion in Turkey emerged in a tuition-free higher education setting without a sophisticated financial infrastructure and in an economic environment marked with perpetual graduate unemployment as well as inflationary pressures on repayment amounts. Based on a detailed interrogation of the official documents and in-depth interviews with defaulters, this article argues that authoritarian debtfarism has imposed a rigid market discipline over the university youth by using non-transparency and arbitrariness as its governance mechanisms. Consequently, future labour of the graduates is put on hold through a long-term debt relation, compelling them to integrate into labour market precariously as a new segment of the relative surplus population. [ABSTRACT FROM AUTHOR]

Baitul Mal Unisba (BMU), a zakat-based philanthropic institution, offers scholarships to its students, aiming not only to support their tuition but also to foster exceptional character development. This research addresses a significant challenge at BMU: the inefficiency in its administrative processes due to the absence of a robust information system. The study proposes developing a management information system to optimize scholarship distribution, precision, and accuracy of managing scholarship data - from collection and recording to processing and reporting. This improvement is anticipated to support more informed decision-making in scholarship distribution. The system was built using the Rapid Application Development process, which consists of three stages: requirements planning, workshop design, and implementation. The emphasis is on the optimal use of scholarship funds, time, and manpower. This research made an important contribution by developing a prototype of a web-based scholarship information system aimed at improving the effectiveness of distribution. The newly created scholarship management information system improves these processes by removing duplicate tasks and streamlining the overall workflow. It provides comprehensive data for the decisionmaking panel, including academic performance, activity reports, and scholarship quotas. Initial testing of the prototype shows that it meets all functional requirements, suggesting its potential effectiveness in resolving the current challenges in BMU's scholarship selection and distribution process. [ABSTRACT FROM AUTHOR]

Copyright of Zeitschrift für Bankrecht und Bankwirtschaft is the property of De Gruyter and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Over the past decade, debt-based solutions have been implemented as part of austerity policies to distribute public goods by the use of market forces, resulting in an increase in public and private indebtedness. This paper considers the terms of such solutions by developing the conceptual lens of market studies to rethink 'debt' and 'the market' as analytical categories that often reproduce the conditions of their conceptual boundaries. In so doing, it demonstrates how paying attention to particularities reveals the normative, economic and political circumstances that determine debt-based solutions. These do not simply sit peripheral to the market, but come to define debt obligations as part of market relations. In this respect, the paper takes an approach that accounts for obligation as an entanglement of debtors in market relations. The study builds on Michel Callon's rendition of 'problematization' to explore the implementation of the 2010 higher education fee loan regime in England, a result of austerity governance. A novel application of 'markets for collective concern' and 'accountability devices' is thus used to argue that understanding the ways debt-based solutions entangle market participants in the obligation to repay that reproduces the conditions of the intervention's conceptual boundaries, requires a market studies approach. [ABSTRACT FROM AUTHOR]

"The Indebted Woman: Kinship, Sexuality, and Capitalism" is a groundbreaking book that explores the relationships between capitalism, patriarchy, and female debt. The authors draw on two decades of research with Dalit women in South Arcot, Tamil Nadu, to examine how women have become entangled in capitalist finance through debt. The book highlights the sexual division of debt and the hidden practice of sex-for-debt transactions, revealing the demands placed on women's bodies to maintain creditworthiness. It also emphasizes the role of kinship in debt relations, challenging the notion that capitalism is the sole source of women's oppression. The book offers original empirical insights and advances our understanding of the gendered dimensions of financialized capitalism. [Extracted from the article]