The Socio-Economic Impact of Student Loan Debt on African American Graduates of the University of Phoenix Residing in Philadelphia, Pennsylvania

2021 ◽  
Author(s):  
Terrence D. Daniels
Keyword(s):  
African American ◽  
Economic Impact ◽  
Student Loan ◽  
Student Loan Debt ◽  
University Of Phoenix ◽  
Loan Debt ◽  
Socio Economic Impact ◽  
The University

scholarly journals Mortgaged Minds: Faculty-in-Debt and Redlining Higher Education

2017 ◽  
Vol 107 ◽  
pp. 32-44 ◽  
Author(s):  
Jeanne Scheper
Keyword(s):  
Graduate Education ◽  
Knowledge Production ◽  
Student Loan ◽  
Student Loan Debt ◽  
Production Of Knowledge ◽  
Learning Conditions ◽  
Loan Debt ◽  
Current Student ◽  
The University ◽  
News Headlines

While undergraduate student loan debt continues to be “hard to register,” there are other conditions and effects of the student loan debt spiral that remain relatively invisible, unexamined, and certainly receive less attention in news headlines or on the op-ed pages about the fiscal cliff of education debt. These are the effects of this debt spiral on graduate education, faculty composition, and knowledge production itself. This article highlights how the debt load of faculty is part of the current student loan debt spiral, yet its effects on the working conditions of faculty, the learning conditions of students, and, importantly, the production of knowledge in the university remain underexamined.

scholarly journals Disrupting the Racial Wealth Gap

Contexts ◽  
2019 ◽  
Vol 18 (1) ◽  
pp. 16-21 ◽  
Author(s):  
Melvin L. Oliver ◽  
Thomas M. Shapiro
Keyword(s):  
African American ◽  
Student Loan ◽  
African American Families ◽  
Basic Income ◽  
Student Loan Debt ◽  
White Families ◽  
Racial Wealth Gap ◽  
Policy Ideas ◽  
Transformative Potential ◽  
Loan Debt

African-American families possess a dime for every dollar of White families’ wealth. Among policy ideas to remedy this stark racial wealth divide, baby bonds, basic income, reducing student loan debt, and federal job guarantees hold transformative potential.

Student loan debt and first-time home buying in USA

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Robert H. Scott III ◽  
Steven Bloom
Keyword(s):  
College Graduates ◽  
Student Loans ◽  
Student Loan ◽  
Home Equity ◽  
Student Loan Debt ◽  
Content Type ◽  
Loan Debt ◽  
The Usa ◽  
First Time ◽  
Home Buying

Purpose This paper aims to examine the relationship between student loan debt and first-time home buying among college graduates aged 23 to 40 years old in the USA. Design/methodology/approach The authors use the Federal Reserve’s 2019 Survey of Consumer Finances data on American households to present descriptive statistics and run logistic regressions that measure the effects of student loan debt on first-time home buying. The authors also present original survey data of mortgage lenders that provides an industry-level perspective. Findings The authors find that having student loan debt does not by itself prohibit first-time home buyers. On the contrary, having student loan debt increases the likelihood of homeownership by 15.1%. People with student loan debt, however, buy homes that are 39.2% less expensive and have 58% less home equity compared to first-time home buyers without student loans. In addition, it is found that the amount of student loan debt is important. People with student loan debt above the median amount among people with student loan debt ($35,000) are 27% less likely to be first-time home buyers. Practical implications This paper provides public policy analysts and other researchers a different perspective on the correlation between student loan debt and home buying. This study focuses narrowly on first-time home buyers who are college graduates between 23 and 40 years. Thus, capturing the youngest cohort of first-time home buyers and examine the primary factors that influence their home buying decisions. Originality/value First-time homebuyers are historically the largest segment of home buyers making them an important subcategory to study. The rise in student loan debt is posited to explain declining homeownership among younger people. The current literature on student loan debt and home buying often studies samples that are too heterogeneous resulting in mixed findings. This paper adds to the existing literature by filtering the sample to study the effects of student loan debt and first-time home buying among people with at least a college degree who are between 23 and 40 years.

Student Loan Debt Letters

2021 ◽  
Author(s):  
ZW Taylor ◽  
Karla Weber Wandel ◽  
G Holthaus
Keyword(s):  
Student Loan ◽  
Student Loan Debt ◽  
Loan Debt
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