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Increasingly, college graduation is seen as a necessary step toward achieving the American Dream. However, large disparities exist in graduation rates. For many families, the current family income is not enough to finance college. Therefore, many young adults have to rely on education loans, which may be difficult to repay, leaving them strapped with debt(More)
Suppressor variables may be more common in social work research than what is currently recognized. We review different types of suppressor variables and illustrate systematic ways to identify them in multiple regression using four statistics: R 2 , sum of squares, regression weight, and comparing zero-order correlations with respective semipartial(More)
T oday, more households than ever before are paying off student loan debt. Fry (2012) finds that 40 percent of all households headed by individuals younger than 35 years of age have outstanding student debt. For the 2011-12 school year, about 37 percent ($70.8 billion) of all undergraduate financial aid received was from federal loans (Baum and Payea,(More)
With student debt at an estimated $1.2 trillion (right up there with auto loans), college tuition growing faster than anything in the consumer market except tobacco products, and economists scratching their collective heads over the costs and benefits of higher education (and whether a college education mitigates or exacerbates inequality), the supply of(More)
Consider the following scenario: a young person makes regular trips to the bank with her parents to deposit birthday and holiday money into her own savings account. By the time she reaches high school around ages 13–17, she may be saving for long-term expenses like a car. She continues saving during her transition to adulthood around ages 18–22. Since she(More)
This paper examines the progression of savings between adolescence and young adulthood. Using data from the Panel Study of Income Dynamics, we ask whether the likelihood of having a savings account in young adulthood and the amount of savings can be significantly predicted by two factors: having a savings account during adolescence and having parents who(More)
It has been suggested that children's savings programs will be more effective if they are combined with strategies to build children's college-bound identities. In this study we use a multi-level treatment approach to propensity score analysis to test this proposition. Findings suggest that children who have savings and are certain they will graduate from a(More)
State 529 plans are tax-preferred vehicles for post-secondary education saving, administered by states, usually through contractual agreements with private financial institutions. In large part, 529s have served to intensify the distributional advantages that already accrue to more economically-privileged households. However, a small, but growing number of(More)
C ollege costs are high and continue to grow as American students and their families are borrowing at unprecedented rates to keep pace with the increasing costs. The College Board (2012a), which produces an annual report tracking college costs, estimates the total annual cost of college attendance plus room and board at a private four-year college rose by(More)
Acknowledgments AEDI owes a great debt to the New England CSA Consortium members and others working closely on the region's CSA policy development, who invested their time to not only shepherd innovation through their respective systems but also to answer our questions. All errors are, of course, our own. Particular thanks to Summary This paper chronicles(More)