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Title: Student Debt Spans Generations: Characteristics of Parents Who Borrow to Pay for Their Children's College Education
Resulting in 1 citation.
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Walsemann, Katrina Michelle Ailshire, Jennifer A. |
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Student Debt Spans Generations: Characteristics of Parents Who Borrow to Pay for Their Children's College Education The Journals of Gerontology: Series B: Psychological Sciences and Social Sciences 72,6 (October 2017): 1084-1089. Also: https://academic.oup.com/psychsocgerontology/article/72/6/1084/2645641 Cohort(s): NLSY79 Publisher: Gerontological Society of America Keyword(s): College Cost; Debt/Borrowing; Parental Investments; Student Loans / Student Aid Objectives: Discussions of student debt often overlook the debt parents take on to pay for their children's education. We identify characteristics of parents with child-related educational debt among the late baby boom cohort. Method: Data come from the National Longitudinal Survey of Youth 1979, a nationally representative sample of individuals born between 1957 and 1964. We restrict our sample to parents who had any children aged ≥17 and answered questions on educational debt during midlife (n = 6,562). Craggit models estimated (a) having any child-related educational debt and (b) the amount of debt owed among debtors. Results: Black parents and parents with more education, higher income, and higher net worth were more likely to report child-related educational debt than White parents and parents with no degree, low-income, or negative net worth. Among debtors, high-income parents had more debt than low-income parents. |
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Bibliography Citation
Walsemann, Katrina Michelle and Jennifer A. Ailshire. "Student Debt Spans Generations: Characteristics of Parents Who Borrow to Pay for Their Children's College Education." The Journals of Gerontology: Series B: Psychological Sciences and Social Sciences 72,6 (October 2017): 1084-1089.
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