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Author: McMillan, Allison
Resulting in 1 citation.
1. Kuperberg, Arielle
McMillan, Allison
Mazelis, Joan Maya
Are Student Loans Worth It? Stratification in Work-Life Balance, Income, and Family
Presented: Montreal, QC, American Sociological Association Annual Meeting, August 2017
Cohort(s): NLSY97
Publisher: American Sociological Association
Keyword(s): College Cost; Debt/Borrowing; Financial Assistance; Leisure; Socioeconomic Factors; Student Loans

Permission to reprint the abstract has not been received from the publisher.

How do student loans and the education that they enable impact young adulthood? Student loans are a potential avenue of social mobility for young adults who may not otherwise be able to attend college, but recent increases to the cost of college have led some to question whether they in fact perpetuate inequality. Drawing upon the National Longitudinal Survey of Youth (1997 cohort) and multiple waves of data covering 1997-2013 when respondents were age 17-33, this study examines selection into student loans and completed education, and stratification in work-life balance, income, marriage and parenthood by education completed by 2013 and whether or not respondents took out students loans. Work-life balance is measured via working hours, employment, working regular overtime, and sentiments about wanting time for relaxation and leisure. We also examine and account for pre-existing differences in leisure by examining engagement in reading and taking extra classes for fun when respondents were teens. We find that education is related to differences in all the measures we examine, and taking out student loans is additionally related to wanting time for leisure in adulthood and reading more and taking more classes in teenagehood, working hours and employment during the younger ages we examined, and with income and weak but growing differences in marriage and parenthood at older ages.
Bibliography Citation
Kuperberg, Arielle, Allison McMillan and Joan Maya Mazelis. "Are Student Loans Worth It? Stratification in Work-Life Balance, Income, and Family." Presented: Montreal, QC, American Sociological Association Annual Meeting, August 2017.