Infographic References

Breaking the Pattern of Wealth Inequality in Higher Education:

The Negative Role of student Debt and The Potential of College Savings Accounts (CSAs)

 

Reference List

  1. Pfeffer, F. T. (2015). Growing wealth gaps in education. Retrieved November 1, 2016 from http://npc.umich.edu/publications/u/2016-06-npc-working-paper.pdf
  2. Hershbein, B. (2016). A college degree is worth less if you are raised poor. Retrieved from http://www.brookings.edu/blogs/social-mobility-memos/posts/2016/02/19-college-degree-worth-less-raised-poor-hershbein.
  3. Rauscher, E. (Forthcoming). Passing it on: Parent-to-adult child financial transfers for school and socioeconomic attainment. The Russell Sage Foundation Journal of the Social Sciences.
  4. Kim, Y., Sherraden, M., Huang, J., and Clancy, M. (2015). Child development accounts and parental educational expectations for young children: Early evidence from a statewide social experiment. Social Service Review, 89(1), 99-137.
  5. Huang, J., Sherraden, M., Kim, Y., and Clancy, M. (2014). Effects of child development accounts on early social-emotional development an experimental test. Journal of American Medical Association Pediatrics, 168(3), 265-271.
  6. Wikoff, N. Huang, J, Kim, Y., and Sherraden, M. (2015). Material hardship and 529 college savings plan participation: The mitigating effects of Child Development Accounts. Social Science Research, 50, 189-202.  
  7. Elliott, W. (2009). Children’s college aspirations and expectations: The potential role of college development accounts (CDAs). Children and Youth Services Review, 31(2), 274-283.
  8. Callendar, C. and Jackson, J. (2005). Does the fear of debt deter students from higher education? Retrieved November 1, 2016 from http://eprints.lse.ac.uk/21010/2/Does_the_fear_of_debt_deter_students_from_higher_education_(LSERO).pdf 
  9. Elliott, W., Song, H-a, & Nam, I. (2013). Small-dollar accounts, children’s college outcomes, and wilt. Children and Youth Services Review, 35(3), 535-547. doi:10.1016/j.childyouth.2012.12.001
  10. Advisory Committee on Student Financial Assistance (ACSFA). (2010). The Rising Price of Inequality: How Inadequate Grant Aid Limits College Access and Persistence. Washington, DC: U.S. Department of Education.
  11. Ibid.
  12. Elliott, W., Song, H-a, and Nam, I. (2013). Small-dollar children’s saving accounts and children's college outcomes by income level. Children and Youth Services Review, 35 (3), p. 560-571.
  13. Annie E. Casey Foundation (2016). Investing in tomorrow: Helping families build savings and assets. Retrieved Oct. 4, 2016 from http://www.aecf.org/m/resourcedoc/aecf-investingintomorrow-2016.pdf
  14. Hamilton, D., Darity, William Jr., Price, Anne E., Sridharan, V. and Tippett, R. (2016). Umbrellas don’t make it rain: Why studying and working hard isn’t enough for black Americans. Retrieved November 1, 2016 from http://ww1.insightcced.org/uploads/CRWG/Umbrellas-Dont-Make-It-Rain8.pdf
  15. Elliott, W., Song, H-a, and Nam, I. (2013). Small-dollar children’s saving accounts and children's college outcomes by income level. Children and Youth Services Review, 35 (3), p. 560-571.
  16. Kim, D. (2007). The effects of loans on students’ degree attainment: Differences by student and institutional characteristics. Harvard Educational Review, 77(1), 64-100.
  17. Hiltonsmith, R. (2013). At what cost: How student debt reduces lifetime wealth. New York, NY: Demos.
  18. Egoian, J. (2013). 73 will be the retirement norm for millennials. Retrieved August 12, 2016 from http://www.nerdwallet.com/blog/investing/2013/73-retirement-norm-millennials/
  19. Hiltonsmith, R. (2013). At what cost: How student debt reduces lifetime wealth. New York, NY: Demos.
  20. Friedline, T., and Elliott, W. (2013). Connections with banking institutions and diverse asset portfolios in young adulthood: Children as potential future investors. Children and Youth Services Review, 35(6), 994-1006.
  21. Durlak, J.A., Weissberg, R. P., Dymnicki, A.B., Taylor, R. D., and Schellinger, K. B. (2011) The Impact of Enhancing Students’ Social and Emotional Learning: A Meta-Analysis of School-Based Universal Interventions. Child Development, 82 (1), 474–501.
  22. Elliott, W. and Rauscher, E (2016) When does my future begin? Student Debt and intragenerational mobility. (Working Paper) Lawrence, KS: University of Kansas, Center on Assets, Education, and Inclusion. Retrieved from http://aedi.ku.edu/sites/aedi.ku.edu/files/docs/publication/Working-Papers/03-16.pdf
  23. Pew Charitable Trusts (2014). A new financial reality: The balance sheets and economic mobility of generation X. Retrieved Oct. 10, 2016 from http://www.pewtrusts.org/~/media/Assets/2014/09/Pew_Generation_X_report.pdf.

 

 

New Book Released

Today’s student loan system is in place because of a political compromise, and growing discontent with student debt may signal that this arrangement has run its course. While there are resources and organizations in place to help those struggling with debt, the time has come to consider a new direction for financial aid, William Elliott III and Melinda Lewis argue in “Student Debt: A Reference Handbook.”

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