Funding and Access

Invest in America: Educate Latinos

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Link
Publication Date: 
Feb 13, 2009
Publication Title: 
Miami Herald
Interest Areas: 
Academic Achievement and Attainment
Funding and Access
Workforce Development
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The Institute for Higher Education Policy

Mission:

The Institute for Higher Education Policy is a non-profit, non-partisan organization whose mission is to foster access and success in postsecondary education through public policy research and other activities that inform and influence the policymaking process. These activities include policy reports and studies, seminars and meetings, and capacity building activities such as strategic planning.Read more

Interest Areas: 
Funding and Access
Interest Areas: 
Graduate Education
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Student Aversion to Borrowing FF5

Borrowing trends to pay for college have changed over time. In 1992–93, only 20 percent of all undergraduate students took out a loan, and very similar levels of White (19 percent), Hispanic (18 percent), and Asian students (18 percent) took out loans. In 2003-04, 35 percent of all undergraduate students, 35 percent of White, 30 percent of Hispanics, and 25 percent of Asian students took out a loan to pay for college.

Citation: 

National Center for Education Statistics, Student Aversion to Borrowing: Who Borrows and Who Doesn’t

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Student Aversion to Borrowing FF4

Hispanics were more likely to borrow to attend private for-profit institutions than to attend public four-year institutions. In 2003-04, 68 percent of Hispanic undergraduates at for-profit institutions borrowed to pay for college, compared to 41 percent of Hispanics at public four-year institutions. This illustrates the complexity of attributing debt aversion to a group based solely on borrowing patterns.

Citation: 

National Center for Education Statistics, Student Aversion to Borrowing: Who Borrows and Who Doesn’t

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