Fear of Student Loan Debt Can Keep Black and Latino Students From Graduation

Link: 
Link
Publication Date: 
Jan 4, 2012
Publication Title: 
iconoculture Jan 2012
AttachmentSize
iconoculture_Jan_2012.pdf173.96 KB

WHAT'S HAPPENING

  • Afraid of the long-term effects of loan debt, some students are going to lengths to avoid taking out any loans at all - even putting their ability to graduate at risk.
  • A study by Excelencia in Education and The Institute for Higher Education Policy (IHEP) found Latinos and Asian Americans to be the most debt averse, borrowing at lower rates than whites even when they have higher financial need (NPR.org, 27 November 2011).
  • Among Latinos, 41% of non-borrowers failed to finish vs. 32% who borrowed (IHEP.org, November 2011).

 

  • share