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Full-Text Articles in Sociology
Experiencing Financial Aid At A Historically White Institution: A Critical Race Analysis, Liane I. Hypolite, Antar A. Tichavakunda
Experiencing Financial Aid At A Historically White Institution: A Critical Race Analysis, Liane I. Hypolite, Antar A. Tichavakunda
Journal of Student Financial Aid
While scholars have looked at the intersection of financial aid and various identities, little work has examined how, if at all, race and racism are imbued into financial aid in higher education using qualitative inquiry. This paper begins that work by using a Critical Race Theory lens to analyze how, in the seemingly colorblind structure and process of financial aid, race matters. Using interview data collected from 35 Black juniors and seniors at a selective, historically White institution (HWI), the authors examine how race has informed students’ perceptions of themselves, their families, and their futures through their experiences with financial …
Crushing Debt Or Savvy Strategy? Financial Literacy And Student Perceptions Of Their Student Loan Debt, Gail Markle
Crushing Debt Or Savvy Strategy? Financial Literacy And Student Perceptions Of Their Student Loan Debt, Gail Markle
Journal of Student Financial Aid
Almost three quarters of American college students use loans to fund their college education, although according to public discourse student debt is a critical problem. Grounded in social reproduction theory and consumer socialization theory this study examines the influence of financial literacy on students’ college financing decisions, perceptions of student loan debt, and education-related behavior. A sample of 429 undergraduate students selected using systematic cluster sampling from a large public university in the southeast completed a survey containing closed and open ended questions. Participants reported moderate levels of financial literacy (72.3%) and student loan awareness (62.7%). Only 20% of students …
Social Dimensions Of Student Debt: A Data Mining Analysis, Dirk Witteveen, Paul Attewell
Social Dimensions Of Student Debt: A Data Mining Analysis, Dirk Witteveen, Paul Attewell
Journal of Student Financial Aid
Media commentary on undergraduates' loan debt portrays a crisis in which many students are unable to pay back their loans, having borrowed large sums and lacking sufficient post-college income to repay. Several scholars have questioned the media accounts, noting that indebtedness is highest among students from high income families, while defaults predominate among low debt students. Using a data mining technique known as CART, we analyze national data on the indebtedness of recent baccalaureate graduates, to uncover combinations of social characteristics that are associated with loan pressure: the ratio of indebtedness to post-college earnings. We find that students from lower …
Take It, Or Leave It? Analyzing How Unsubsidized Federal Loans Affect Six-Year Degree Attainment Across Income Groups, Ray Franke
Journal of Student Financial Aid
This study examined the effects of unsubsidized federal Stafford loans on six-year degree attainment at 4-year colleges and universities in the U.S., and how these differentially impact students across income groups. For this, nationally representative data from the Beginning Postsecondary Students (BPS:04/09) and the Integrated Postsecondary Education Data System (IPEDS) was merged to analyze N=6,561 students attending n=651 four-year institutions. To account for possible selection bias in loan borrowing and the nested data structure, this study employs a propensity score matching, multilevel modeling approach. In addition to financial aid measures, the analytic model draws from the heterogeneous research approach and …