Being asingle parent was also assoc

Being a
single parent was also associated with a greater risk of loan default (Volkwein et
al., 1998). Being separated, divorced, or widowed was found to increase the
probability of defaulting by more than 7 percent (Volkwein & Szelest, 1995).
One final way family can affect loan default is by providing a safety net.
Students who could count on support from their families, including parents,
were less likely to default than those who had no family support (Volkwein et
al., 1998; Woo, 2002a, 2002b).