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Title: The Impact of Youth Debt on College Graduation
Resulting in 1 citation.
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Zhan, Min |
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The Impact of Youth Debt on College Graduation Journal of Sociology and Social Welfare 41,3 (September 2014): 133-156 Cohort(s): NLSY79, NLSY79 Young Adult Publisher: Western Michigan University School of Social Work Keyword(s): Assets; College Enrollment; College Graduates; Credit/Credit Constraint; Debt/Borrowing; Educational Attainment; Educational Costs; Ethnic Differences; Family Resources; Racial Differences; Student Loans / Student Aid Permission to reprint the abstract has not been received from the publisher. This study examines the associations between educational loans and credit card debt with the possibility of college graduation among a group of youth who enrolled in college. It further investigates whether the associations differ by levels of parental assets. Results indicate that, after parental assets and other variables are considered, educational loans are positively related to college graduation; however, there is evidence that educational loans above $10,000 reduce the probability of college graduation. Parental assets are positively linked to youth's college graduation, and the relationship between educational loans and college graduation is stronger among youth whose families have lower levels of financial assets. Credit card debt is positively related to college graduation only among families with modest financial assets. Policy implications are considered. |
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Bibliography Citation
Zhan, Min. "The Impact of Youth Debt on College Graduation." Journal of Sociology and Social Welfare 41,3 (September 2014): 133-156.
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