Publication Date
2-11-2010
Summary
This study examines the extent to which household assets and liabilities are related to disparities in children’s college attendance and college graduation among White, Black, and Hispanic families. Results indicate that, after household assets are considered, a substantial portion of the Black-White gap in college attendance and college graduation disappears, and a small portion of the Hispanic-White gap in college graduation also disappears. Separate analyses of children from each racial/ethnic group further indicate that family income and financial assets are related to White children’s college attendance and graduation, but nonfinancial assets and unsecured debt are associated with college attendance and graduation among Black and Hispanic children. Policy implications are considered.
Document Type
Working Paper
Category
Financial Inclusion
Subarea
Asset Building
Original Citation
Zhan, M., & Sherraden, M. (2010). Assets and liabilities, race/ethnicity, and children's college education (CSD Working Paper No. 10-08). St. Louis, MO: Washington University, Center for Social Development.
Project
College Success
Keywords
college degree attainment, college enrollment, education, assets, liabilities, race, African American, Hispanic
Recommended Citation
Zhan, M., & Sherraden, M. (2010). Assets and liabilities, race/ethnicity, and children's college education (CSD Working Paper No. 10-08). St. Louis, MO: Washington University, Center for Social Development.
DOI: https://doi.org/10.7936/K7TB16FT
Notes
Subsequent publication: Zhan, M., & Sherraden, M. (2011). Assets and liabilities, race/ethnicity, and children’s college education. Children & Youth Services Review, 33(11), 2168–2175. doi:10.1016/j.childyouth.2011.06.024