Student Loan Debt Differential Risks Gail Markle, Ph.D. Associate - - PowerPoint PPT Presentation
Student Loan Debt Differential Risks Gail Markle, Ph.D. Associate Professor of Sociology No Board endorsement of any person or entity Student Borrowing over Time Amount Borrowed Anuually (Billions) in 2015 Dollars $140.0 $120.0 $100.0
No Board endorsement of any person or entity
Source: National Postsecondary Student Aid Study (NCES 2015).
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 1995 2000 2005 2010 2015
Amount Borrowed Anuually (Billions) in 2015 Dollars
No Board endorsement of any person or entity
Source: National Postsecondary Student Aid Study (NCES 2015)
0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 1993 1995 2000 2005 2010 2015
Student Loan Debt at Graduation
No Board endorsement of any person or entity
Average Student Debt Percent Graduating with Loans
Source: National Postsecondary Student Aid Study (NCES 2015)
$0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 1976-77 1981-82 1986-87 1991-92 1996-97 2001-02 2006-07 2011-12 2016-17
Tution and Fees in 2016 Dollars
No Board endorsement of any person or entity
Public Two Year Public Four Year Private Non Profit Four Year
Source: National Postsecondary Student Aid Study (NCES 2015)
$0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 1976-77 1981-82 1986-87 1991-92 1996-97 2001-02 2006-07 2011-12 2016-17
Tuition, Fees, Room and Board in 2016 Dollars
No Board endorsement of any person or entity
Public Four Year Private Non Profit Four Year
Source: National Postsecondary Student Aid Study (NCES 2015)
0.0 5,000.0 10,000.0 15,000.0 20,000.0 25,000.0 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020
Enrollment (Millions)
No Board endorsement of any person or entity
No Board endorsement of any person or entity
Source: National Postsecondary Student Aid Study (NCES 2015)
0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1976 1980 1990 2000 2010 2014
Distribution of Enrollment by Race
White Black Hispanic Asian/PI
No Board endorsement of any person or entity
Total Expected Debt - Sample None 34.9% < $10,000 4.8% $10,001- $20,000 10.1% $20,001- $30,000 19.7% $30,001- $40,000 12.6% $40,001- $50,000 7.7% $50,001- $60,000 4.8% $60,001 + 5.4% 100.0%
No Board endorsement of any person or entity
0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% None < $30,000 >= 30,000
Sample Compared to National Average
Sample Nationally
No Board endorsement of any person or entity
Source: Baum and Steele, 2010.
0% 20% 40% 60% 80% 100% 120% White Black Hispanic Asian None < $30,000 >= 30,000
No Board endorsement of any person or entity
Source: Jackson and Reynolds, 2013
0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% Loan Use Degree No Degree Federal Loan and Loan and
Loan Use and Degree Completion
Black White
No Board endorsement of any person or entity
56% 17% 11% 9% 7%
From Whom Did You Receive Advice?
Parent(s) College Admissions No Advice Online Sources Other
No Board endorsement of any person or entity
No Board endorsement of any person or entity
No Board endorsement of any person or entity
16% 30% 26% 13% 15%
How Long to Pay Off Loans?
< 5 years 6 - 10 years 11-15 years 16 - 20 years 20+ years
No Board endorsement of any person or entity
No Board endorsement of any person or entity
2% 16% 32% 24% 26%
Concern about Ability to Repay
Not at all concerned Not very concerned Concerned Very concerned Extremely concerned
No Board endorsement of any person or entity
No Board endorsement of any person or entity
No Board endorsement of any person or entity
No Board endorsement of any person or entity
Baum, Sandy, and Marie O’Malley. 2003. “College on Credit: How Borrowers Perceive their Education Debt.” Journal of Student Financial Aid 33(3): 7-19. Baum, Sandy, and Patricia Steele. 2010. Who Borrows Most? Bachelor’s Degree Recipients with High Levels of Student Debt. NY: The College Board. Jackson, Brandon A., and John R. Reynolds. 2013. “The Price of Opportunity: Race, Student Loan Debt, and College Achievement.” Sociological Inquiry 83(3): 335-368. McCabe, Janice, and Brandon A. Jackson. 2016. “Pathways to Financing College: Race and Class in Students’ Narratives of Paying for School.” Social Currents 3(4):367-385. National Center for Education Statistics (NCES). 2015. National Postsecondary Student Aid Study. Washington, D.C.: U.S. Government Printing Office.
No Board endorsement of any person or entity