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Title: Into the Red and Back to the Nest? Student Debt, College Completion, and Returning to the Parental Home among Young Adults
Resulting in 1 citation.
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Houle, Jason N. Warner, Cody |
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Into the Red and Back to the Nest? Student Debt, College Completion, and Returning to the Parental Home among Young Adults Sociology of Education 90,1 (January 2017): 89-108. Also: http://journals.sagepub.com/doi/full/10.1177/0038040716685873 Cohort(s): NLSY97 Publisher: American Sociological Association Keyword(s): College Cost; College Degree; Debt/Borrowing; Racial Differences; Residence, Return to Parental Home/Delayed Homeleaving; Student Loans / Student Aid; Transition, Adulthood Permission to reprint the abstract has not been received from the publisher. Rising student debt has sparked concerns about its impact on the transition to adulthood. In this paper, we examine the claim that student debt is leading to a rise in ‘"boomeranging," or returning home, using data from the National Longitudinal Survey of Youth 1997 Cohort and discrete time-event history models. We have four findings. First, student loan debt is not associated with boomeranging in the complete sample. However, we find that the association differs by race, such that the link between student debt and returning home is stronger for black than for white youth. Third, degree completion is a strong predictor of returning home, whereby those who fail to attain a degree have an increased risk of boomeranging. Fourth, young adult role transitions and socioeconomic well-being are associated with boomeranging. Findings suggest that rising debt has created new risks and may reproduce social inequalities in the transition to adulthood. |
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Bibliography Citation
Houle, Jason N. and Cody Warner. "Into the Red and Back to the Nest? Student Debt, College Completion, and Returning to the Parental Home among Young Adults." Sociology of Education 90,1 (January 2017): 89-108.
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