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The cost of access: Racial disparities in student loan burdens of young adults
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Student loans have become a social-financial issue in the United States. This study uses a nationally representative dataset to examine the association between financial socialization and student loan borrowing behavior of individuals after controlling a number of different socio-demographic factors. Results show that the financial burdens of college education, such as borrowing and the dollar amounts of a loan, are higher for Blacks, however, their college attendance is significantly lower than Whites. Blacks are more independent and receive less financial support from family and relatives than Whites. The wealth gap that exists between Black and White parents may contribute to the disparity. Additional financial resources for higher education as well as financial education and counseling may be needed to create better academic access for the vulnerable underserved groups including minority students.
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MPRC People
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Jinhee Kim, Ph.D.
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JinHee Kim Publications
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Oscar Barbarin, African American Studies
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The Emergence of Externalizing Problems in Boys of Color
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Coming Up
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Emily Wiemers, University of Massachusetts
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Multigenerational Relationships and Economic Resources Among Black and White Families in the US
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Coming Up
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New Developments at the Consortium on Race, Gender, and Ethnicity
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New appointments, past and upcoming programs
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Research
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Selected Research
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Andrew J. Cherlin, Sociology, Johns Hopkins University
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The Economy, the Family, and Working Class Discontent
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Coming Up
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IPUMS - Time Use website launched
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Hofferth and colleagues help make time use data readily accessible
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Research
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Selected Research
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Desai Op-Ed cites need to rethink social safety nets
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A society in transition must change its approach to poverty from one established decades back
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News
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Microcredit and Willingness to Pay for Environmental Quality: Evidence from a Randomized-Controlled Trial of Finance for Sanitation in Rural Cambodia
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Raymond Guiteras, University of Maryland, et al. // Keywords: Willingness to pay, sanitation, microcredit, Becker-DeGroot-Marschak, randomization inference; 2016-003
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Research
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Working Papers
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WP Documents
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Women’s Sequencing of First Births Relative to First Substantial Employment Before and After the 1990’s Welfare Reforms
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Michael S. Rendall, University of Maryland and Rachel Shattuck, U.S. Census Bureau; 2016-002
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Research
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Working Papers
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WP Documents
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Time Use Across the Life Course Conference
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Located in
Coming Up
