The University of Tennessee, Knoxville

College of Business Adminstration at the University of Tennessee Dreamweaver Templates. College of Business Administration at the University of Tennessee

Best Second-Year Graduate Student Award


Beth Glenn awarded the “Best Second-Year research paper"


This fellowship is given to the student with the best second-year research paper, as determined by a faculty vote. Beth’s paper, titled “The Impact of Student Debt on Homeownership,” explores whether the recent increase in student debt really plays a factor in the recent decline in first-time homeownership rates, as many in the media have claimed.  She had to overcome the fact that individual-level student loan data is unavailable, but through a clever empirical strategy based on HOPE scholarships determined that student debt does not cause lower homeownership rates.



The impact of student loans on future outcomes is hotly debated, but the empirical literature is small. This paper attempts to estimate the impact of student loans on future homeownership. Using micro-level data from the American Community Survey, I exploit lottery scholarship availability as a proxy for exogenous variation in student loan uptake. A difference-in-difference estimator is used to compare Tennessee cohorts when lottery scholarship funds were available with previous Tennessee cohorts (when such funds were not available) and corresponding North Carolina cohorts. Results do not indicate student loans have any significant impact on future homeownership behaviors.  




Department of Economics ~ 507 Stokely Management Center ~ 916 Volunteer Boulevard ~ Knoxville, TN ~ 37996-0550
Phone: 865-974-3303 ~ Fax: 865-974-4601 ~ Email:

College of Business Administration's Facebook Page.   College of Business Administration on LinkedIn.


Contribute to a big idea. Give to UT.

The University of Tennessee, Knoxville. Big Orange. Big Ideas.

Knoxville, Tennessee 37996 | 865-974-1000
The flagship campus of the University of Tennessee System