Borrowing Inequality : : Race, Class, and Student Loans / / Derek V. Price.

• Superior document: Title is part of eBook package: De Gruyter Lynne Rienner Press Complete eBook-Package 2013-2000
• VerfasserIn: Price, Derek V.,
• Place / Publishing House: Boulder : : Lynne Rienner Publishers, , [2022]; ©2004
• Year of Publication: 2022
• Language: English
• Physical Description: 1 online resource (161 p.)

As the cost of higher education continues to rise, students increasingly rely on borrowing to pay for college. But is the result the improved socioeconomic position that they anticipate? Borrowing Inequality explores the real impact of loans on minority and low-income students. Drawing on a national study of student-borrowing patterns, Derek Price finds that racial and ethnic minorities and low-income students are not only more likely to borrow than their white and upper-income peers, they also are less likely to graduate from high-status institutions and go on to graduate school. In addition, current loan programs so burden student borrowers that their career opportunities are restricted, in effect perpetuating the very patterns of inequality that the programs were intended to alleviate. While the graduates' prospects clearly are higher than they would have been without higher education, the structural pattern of inequality continues to reflect race, ethnic, gender, and class characteristics. Price concludes with provocative proposals for aid policies that would expand the range of college and career choices for students—policies that would in fact support the role of higher education as a vehicle for individual opportunity and social change

Table of Contents

Frontmatter -- Contents -- Tables and Figures -- Acknowledgments -- Introduction -- 1 Higher Education and the Reproduction of Social Inequality -- 2 The Promise of Higher Education and the Reality of Student Debt -- 3 Educational Attainment: The Effects of Public Policy and Student Borrowing -- 4 The Educational Debt Burden Among College-Educated Workers -- 5 Educational Debt and Economic Class Reproduction -- 6 Renewing the Promise: Innovative Policies to Improve Higher Education Opportunity -- Appendices -- Appendix A. Family Income Ranges Corresponding with Economic Class Variable, 1991 -- Appendix B. Logistic Estimates on Earning a Graduate or Professional Degree Within Four Years of Receiving a Bachelor’s Degree -- Appendix C. Linear Regression Estimates on Total Educational Debt in 1997 Among 1992–1993 College Graduates with an Advanced Degree in 1997 -- Appendix D. Multinomial Estimates of Educational Debt Burden in 1997 Comparison Group: Debt Burden Declined to Zero Between 1994 and 1997 -- Appendix E Multiple Regression Estimates on 1997 Poverty Index Among 1992–1993 College Graduates -- References -- Index -- About the Book