Using the National Center for Education Statistics' Baccalaureate & Beyond Longitudinal Survey, a nationally representative sample of 1992-1993 college graduates, this paper examines the relationship between educational debt burden and student race, ethnic, gender and income characteristics 4 years after receiving the bachelor's degree. The results indicate strong effects of family income, race and ethnicity on excessive educational debt burden among student borrowers. That is, students from lower-income backgrounds, Blacks and Hispanics have a significantly greater risk to have excessive educational debt burden 4 years after receiving the baccalaureate degree. Students with high educational debt burdens borrow more for college and have lower average salaries than do other students.
CITATION STYLE
Price, D. V. (2004). Educational debt burden among student borrowers: An analysis of the baccalaureate & beyond panel, 1997 follow-up. Research in Higher Education, 45(7), 701–737. https://doi.org/10.1023/B:RIHE.0000044228.54798.4c
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