A Dream Defaulted: The Student Loan Crisis among Black Borrowers

Autor/inn/en	Houle, Jason N.; Addo, Fenaba R.
Titel	A Dream Defaulted: The Student Loan Crisis among Black Borrowers
Quelle	(2022), (208 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
ISBN	978-1-68253-756-5
Schlagwörter	Student Loan Programs; African Americans; Debt (Financial); Equal Education; Financial Problems; First Generation College Students; Low Income Students; Minority Group Students; Economically Disadvantaged; Racism; Access to Education; Educational Policy + Suchen Sie Ihr Suchwort? Afroamerikaner; Rassismus; Education; Access; Bildung; Zugang; Bildungszugang; Politics of education; Bildungspolitik
Abstract	"A Dream Defaulted" explores how the student loan crisis disproportionately affects Black borrowers and why rising student debt is both a cause and consequence of social inequality in the United States. Authors Jason N. Houle and Fenaba R. Addo offer a deft analysis of the growing financial crisis in education, examining its sources and its impacts. Based on more than five years of ongoing qualitative and quantitative research, this incisive work illustrates how the student loan system has not benefited all students equally. The authors tell the story of how first-generation college students, low-income students, and students of color are disadvantaged in two opposing phases of the process: debt accumulation and debt repayment. They further demonstrate that policies intended to mitigate financial burden and prevent default have failed to assist the people who most need help. Houle and Addo present these social and racial disparities within a broader context, tracing how centuries of institutionalized racism have contributed to social and economic inequities, perpetuating the racial wealth gap and leading to intergenerational inequality. Through interviews with borrowers, the authors illuminate the ways in which racial disparities affect who has college access, how and why people take on debt, and who has the ability to repay student loan debt after leaving college. Recognizing that the affordability crisis cannot be solved by higher education reform alone, the authors consider solutions. They argue that policy must extend beyond debt reduction and financial aid to address entrenched patterns of racial inequality and racial discrimination, both inside and outside institutions of higher education. [Foreword written by Ayanna Pressley.] (As Provided).
Anmerkungen	Harvard Education Press. 8 Story Street First Floor, Cambridge, MA 02138. Tel: 888-437-1437; Tel: 617-495-3432; Fax: 978-348-1233; e-mail: hepg@harvard.edu; Web site: http://hepg.org/hep-home/home
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01