SOCIOL 103 Lecture Notes - Lecture 23: Control Variable, Student Debt, Student Loan
5 Dec 2017
School
Department
Course
Professor
Document Summary
What creates this problem? pace with increases in college costs governments to families. Government grants and state support for postsecondary education have failed to keep. This shifts much of the burden of paying for college from the federal and state. Student loan debt shifts this from the state and families or origin into the student"s. 10% more likely to say that it caused delays in major life events, such as buying a home, getting married, or having children. 20% more likely to say that their debt influenced their employment plans, causing them to take a job outside of their field, to work more than they desired, or to do more than one job. Into the red and back to the nest? we test 3 claims: 1. student loan debt is associated with boomeranging. 2. this effect is stronger for black youth than white youth. 3. it is college completion, rather than student debt that leads to boomeranging.
