Staying on Course: The Effects of Savings and Assets on the College Progress of Young Adults

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Issue Date
2011-03-15Author
Elliott, William
Beverly, Sondra
Publisher
University of Chicago Press
Type
Article
Article Version
Scholarly/refereed, publisher version
Metadata
Show full item recordAbstract
Increasingly, college graduation is seen as a necessary step toward achieving the American Dream. However, large disparities exist in graduation rates. For many families, the current family income is not enough to finance college. Therefore, many young adults have to rely on education loans, which may be difficult to repay, leaving them strapped with debt after leaving college. This study examines the potential role of assets and savings for promoting college progress among young adults. Overall, findings suggest that policies, such as Child Development Accounts (CDAs), that help parents and youth accumulate savings—especially savings for college—may increase college attendance and graduation completion rates.
Description
This is the publisher's version, also available electronically from http://www.jstor.org/stable/info/10.1086/659211.
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Citation
Elliott, William; Beverly, Sondra. (2011). "Staying on Course: The Effects of Savings and Assets on the College Progress of Young Adults." American Journal of Education, 117(3):343-374. http://www.dx.doi.org/10.1086/659211.
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