After the great panel @EdTrust discussing Black student loan debt yesterday, I gave an overview of the student loans in the US. I mentioned I would share some of the articles I discussed. Here they are!
New research on grad debt shows the complexity of certain students (I.e., Black & low SES) getting substantial economic benefits from a grad degree but needing a significant amount of student loans to finance that degree https://journals.sagepub.com/doi/full/10.1177/0038040719876245">https://journals.sagepub.com/doi/full/...
And, if you& #39;re interested in some of my fav graphs and couldn& #39;t attend, here they are! (Most are from the 2018 College Board Trends in Student Aid)
The majority of borrowers have a small amount of outstanding debt
The primary increases in debt are for parents and grad students
Parent PLUS loan reliance shifts depending on the sector
In fact, loan balances for students shift depending on the sector. Here& #39;s bachelor& #39;s degree earners.
And here& #39;s associate& #39;s degree earners
And finally, regardless of income, Black students borrow at higher rates. In part, this is because income != wealth.
Oh and almost forgot. I mentioned the book Lower Ed as an excellent overview of why people are making very rational decisions when they enroll in for-profit institutions (oh that education gospel). https://thenewpress.com/books/lower-ed ">https://thenewpress.com/books/low...
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