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Primeur weekly 2017-07-03

Special

New Belgian Delegate Chris De Loof believes in driving role for e-IRG for process of converging research infrastructures ...

Focus

Deconflicting airflights on a D-Wave quantum computer ...

D-Wave Systems moving towards improved quantum annealing with advanced controls ...

Focus on Europe

Wide-ranging programme leaves lasting impression on ISC 2017 attendees ...

DLR agrees strategic CFD partnership with ONERA and Airbus ...

Supercomputing in Hesse for 22 million euro ...

Wise e-infrastructures endorse WISE security recommendations ...

Modular Supercomputer enters next round - EU funded DEEP-EST project starts ...

Boston partnered with Edinburgh University for ISC Student Cluster Competition ...

Middleware

SPEC/HPG hardware acceleration benchmark adds suite to measure OpenMP application performance ...

Bright Computing wins 2017 HPC Innovation Award by Hyperion Research for integration with Microsoft Azure ...

ZF, HELLA and NVIDIA partner to increase safety of self-driving vehicles ...

Hardware

Intersect360 Research to provide HPC User Site Census: All Networks report ...

Bill Gropp named NCSA Director ...

U.S. Air Force Research Lab taps IBM to build brain-inspired AI supercomputing system ...

Boston launches first to market server series featuring AMD EPYC processors ...

Applications

Boston launches revolutionary ANNA Pascal XL deep learning appliance ...

US ALCC supercomputing programme awards ALCF computing time to 24 projects ...

eScience Center and CLARIAH grant four projects in the Arts and Humanities ...

Researchers use supercomputers at the Texas Advanced Computing Center to design and test new tools for cancer detection ...

UCAR deploys ADVA FSP 3000 CloudConnect solution in supercomputing network ...

OSC data processing helps uncover the impact of loan forgiveness programmes ...

NASA simulates asteroid impacts to help identify possible life-threatening events ...

Disney Research, Pixar Animation Studios and UCSB accelerate rendering with AI ...

Method elucidates inner workings of neural networks ...

Seven University of Wyoming projects awarded use of Cheyenne supercomputer ...

Record-setting seismic simulations run on NERSC's Cori system ...

Volvo Cars and Autoliv select NVIDIA DRIVE PX platform for self-driving cars ...

OSC data processing helps uncover the impact of loan forgiveness programmes

Hongyu Chen, graduate assistant in economics at Ohio State, used OSC to uncover data that could influence future student loan legislation.27 Jun 2017 Columbus - In 2017, 44.2 million Americans held student loan debt, totaling more than $1.4 trillion, according to the U.S. Federal Reserve. With the cost of tuition rising at most higher education institutions and enrollment increasing, these numbers are expected to keep climbing. To evaluate the wide-reaching effects student loan policy change could have on borrowers' lives, researchers from the Department of Economics at the Ohio State University ran thousands of situational simulations using the Ohio Supercomputer Center.

To reduce the weight of student loan debt on borrowers, Congress passed the College Cost Reduction and Access Act in 2007. This major change in loan repayment plans can relieve debt for many Americans sooner than expected. This legislation created two programmes: one that would forgive student loans after 10 years of service in the public sector, and another that would allow borrowers at a certain income to make reduced payments and, after 20 years, have the outstanding loan balance forgiven.

Working under the guidance of Lucia Dunn, Ph.D., professor of economics at Ohio State, Graduate Assistant Hongyu Chen used data from the National Longitudinal Survey of Youth to model individuals' education, career, borrowing, and spending decisions based on whether or not they were part of a loan forgiveness programme. Hongyu Chen wrote a programme that ran simulations of over 151 parameters on a population of approximately 2,500 individuals between the ages of 18 to 65 during different periods of their lives.

"The estimation takes around 10 years if I'm running just one single computer", Hongyu Chen stated. "That's why I have to use the cluster of computers, like the supercomputer, that use multiple cores at the same time, so that saves me a lot of time."

Still, the model took Hongyu Chen around six months to complete on OSC's Oakley Cluster using a programme he wrote specifically for this project.

Hongyu Chen found that the population affected by the change in student loan repayment plans increased the average total years of postsecondary education by 9 percent. Individuals were also more likely to take on more debt, holding 12 percent more before age 30 under the new plan, when knowing their loans would be forgiven. Hongyu Chen said this data could be useful in informing federal government policies.

"Student loans are very expensive for the government. So, this directly provides the evidence for determining the best policies for the government to improve college enrollment or social welfare", Hongyu Chen stated. "It has very important direct policy implications."
Source: Ohio Supercomputer Center - OSC

Back to Table of contents

Primeur weekly 2017-07-03

Special

New Belgian Delegate Chris De Loof believes in driving role for e-IRG for process of converging research infrastructures ...

Focus

Deconflicting airflights on a D-Wave quantum computer ...

D-Wave Systems moving towards improved quantum annealing with advanced controls ...

Focus on Europe

Wide-ranging programme leaves lasting impression on ISC 2017 attendees ...

DLR agrees strategic CFD partnership with ONERA and Airbus ...

Supercomputing in Hesse for 22 million euro ...

Wise e-infrastructures endorse WISE security recommendations ...

Modular Supercomputer enters next round - EU funded DEEP-EST project starts ...

Boston partnered with Edinburgh University for ISC Student Cluster Competition ...

Middleware

SPEC/HPG hardware acceleration benchmark adds suite to measure OpenMP application performance ...

Bright Computing wins 2017 HPC Innovation Award by Hyperion Research for integration with Microsoft Azure ...

ZF, HELLA and NVIDIA partner to increase safety of self-driving vehicles ...

Hardware

Intersect360 Research to provide HPC User Site Census: All Networks report ...

Bill Gropp named NCSA Director ...

U.S. Air Force Research Lab taps IBM to build brain-inspired AI supercomputing system ...

Boston launches first to market server series featuring AMD EPYC processors ...

Applications

Boston launches revolutionary ANNA Pascal XL deep learning appliance ...

US ALCC supercomputing programme awards ALCF computing time to 24 projects ...

eScience Center and CLARIAH grant four projects in the Arts and Humanities ...

Researchers use supercomputers at the Texas Advanced Computing Center to design and test new tools for cancer detection ...

UCAR deploys ADVA FSP 3000 CloudConnect solution in supercomputing network ...

OSC data processing helps uncover the impact of loan forgiveness programmes ...

NASA simulates asteroid impacts to help identify possible life-threatening events ...

Disney Research, Pixar Animation Studios and UCSB accelerate rendering with AI ...

Method elucidates inner workings of neural networks ...

Seven University of Wyoming projects awarded use of Cheyenne supercomputer ...

Record-setting seismic simulations run on NERSC's Cori system ...

Volvo Cars and Autoliv select NVIDIA DRIVE PX platform for self-driving cars ...