Staying on Course: The Effects of Savings and Assets on the College Progress of Young Adults
Year: 2011
Type: article
Abstract: Increasingly, college graduation is seen as a necessary step toward achieving the American Dream. However, large disparities exist in graduation rates. For many families, the current family income is not enough to finance college. Therefore, many young adults have to rely on education loans, which may be difficult to repay, leaving them strapped with debt after leaving college. This study examines the potential role of assets and savings for promoting college progress among young adults. Overall, findings suggest that policies, such as Child Development Accounts (CDAs), that help parents and youth accumulate savings—especially savings for college—may increase college attendance and graduation completion rates.
Source: American Journal of Education
DOI: 10.1086/659211
Authors: William Elliott, Sondra Beverly
Institutions: University of Pittsburgh, Washington University in St. Louis
Language: English
Subfield: Education
Field: Social Sciences
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W2158634278