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Title: Assets and Liabilities, Educational Expectations, and Children's College Degree Attainment
Resulting in 1 citation.
1. Zhan, Min
Sherraden, Michael
Assets and Liabilities, Educational Expectations, and Children's College Degree Attainment
CSD Working Papers No. 09-60, Center for Social Development, George Warren Brown School of Social Work, Washington University in St. Louis, 2009.
Also: http://csd.wustl.edu/Publications/Documents/RB09-63.pdf
Cohort(s): Children of the NLSY79, NLSY79 Young Adult
Publisher: Center for Social Development, George Warren Brown School of Social Work
Keyword(s): Assets; College Enrollment; College Graduates; Credit/Credit Constraint; Debt/Borrowing; Educational Aspirations/Expectations; Educational Attainment; Educational Costs

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

This research examines relationships among household assets and liabilities, educational expectations of children and parents, and children's college degree attainment. Special attention is paid to influences of different asset types (financial vs. nonfinancial assets) and liabilities (secured vs. unsecured debt). Results indicate that, after controlling for family income and other parent/child characteristics, financial and nonfinancial assets are positively related to, and unsecured debt is negatively related to, children's college completion. Furthermore, there is evidence that financial assets are positively associated with the education expectations of parents and children. Policy directions are suggested.
Bibliography Citation
Zhan, Min and Michael Sherraden. "Assets and Liabilities, Educational Expectations, and Children's College Degree Attainment." CSD Working Papers No. 09-60, Center for Social Development, George Warren Brown School of Social Work, Washington University in St. Louis, 2009.