The Debt Divide: The Racial and Class Bias Behind the "New Normal" of Student Borrowing
Year: 2015
Type: report
Abstract: This report provides a comprehensive look at how the “new normal” of debt-financed college impacts the whole pipeline of decision-making related to college. This includes, whether to attend college at all, what type college to attend and whether to complete a degree, all the way to a host of choices about what to do for a living, and whether to save for retirement or buy a home. In an America where Black and Latino households have just a fraction of the wealth of white households, where communities of color have for decades been shut out of traditional ladders of economic opportunity, a system based entirely on acquiring debt to get ahead may have very different impacts on some communities over others.
Source: VTechWorks (Virginia Tech)
Author: Mark Huelsman
Language: English
Subfield: Education
Field: Social Sciences
Domain: Social Sciences
SDG: Reduced inequalities
Open Access status: green
OpenAlex ID: W3004924936