Indebted Over Time: Racial Differences in Student Borrowing. (November 2019)

• Record Type: Journal Article
• Authors: Chan, Monnica; Kwon, Jihye; Nguyen, David J.; Saunders, Katherine M.; Shah, Nilkamal; Smith, Katie N.
• Is Part Of: Educational researcher. Volume 48:Number 8(2019)
• Page Start: 558
• Page End: 563
• Publication Date: 2019-11
• Subjects: debt -- descriptive analysis -- ethnicity -- finance -- higher education -- historical analysis -- postsecondary education -- race -- regression analyses -- student loan; Education -- Periodicals; Education -- United States -- Periodicals; Education -- Research -- Periodicals; Education -- Research -- Methodology -- Periodicals; 370.72
• DOI: 10.3102/0013189X19864969
• Languages: English
• ISSNs: 0013-189X

Abstract

Recent trends in higher education financing have increased students' need to borrow to afford college. This brief examines how federal student loan borrowing has changed from 2000 to 2016 by student race/ethnicity using logistic regression analysis and data from the National Postsecondary Student Aid Study (NPSAS). We find that the odds of borrowing have diverged over time across racial and ethnic subgroups even after controlling for institutional sector and students' financial circumstances. This divergence in student loan borrowing has important implications for policymakers and researchers interested in closing racial gaps in college access and success.