Is College Still Worth It? The New Calculus of Falling Returns

Emmons, William R.; Kent, Ana Hernández; Ricketts, Lowell R.

doi:10.20955/r.101.297-329

Cited by 17 publications

(9 citation statements)

References 14 publications

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“…Students’ college‐going decisions and behaviors continue to be of paramount interest among policymakers and educators in a nation whose economic viability and global competitiveness rely on a well‐educated and skilled working population. Despite the cost of a college education, research still indicates that a college degree produces a positive and significant impact on individuals’ economic success and job satisfaction over a lifetime (Emmons, Kent, & Ricketts, 2019). Thus, there is a national education mandate that regardless of students’ postsecondary education (PSE) choices, all students leave school college‐and‐career ready and enroll in college (Bryan et al., 2016; Edwin et al., 2019; Malin, Bragg, & Hackmann, 2017).…”

mentioning

confidence: 99%

School counseling college‐going culture: Counselors’ influence on students’ college‐going decisions

Bryan

Jungnam

Liu

2021

Jour of Counseling & Develop

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This study tested the conceptual framework of school counseling college‐going culture (SCCGC) using a national sample of 15,857 high school students from the High School Longitudinal Study 2009. We examined the relationship of SCCGC (i.e., counselor expectations and priorities, student–counselor contact for college–career counseling prior to 12th grade, college and career readiness activities, and constraints) to high school seniors’ college decisions (i.e., student–counselor contact for college admissions counseling in 12th grade, student–counselor contact for financial aid counseling in 12th grade, number of college applications, and enrollment in college). Multinomial and ordinal logistic regression analyses revealed that counselors’ expectations and priorities, student–counselor contact for college–career counseling prior to 12th grade, college application and financial aid help, and college information and Free Application for Federal Student Aid meetings were positively related while caseload was negatively related to students’ college decisions (after controlling for parent involvement, academic performance and aspirations, and student demographics).

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mentioning

confidence: 99%

School counseling college‐going culture: Counselors’ influence on students’ college‐going decisions

Bryan

Jungnam

Liu

2021

Jour of Counseling & Develop

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“…In addition, those with loans for associate’s degrees only were excluded; typically, those with associate’s degrees only tend to have less student loan debt and lower degree completion rates (Baum et al, 2011). Finally, given the fact that college graduates have historically reported higher earnings compared with those without college degrees (see Emmons et al, 2019), household income minimums were established for participants—a minimum household income of US$40,000 more specifically.…”

Section: Methodsmentioning

confidence: 99%

Help When You Need It: Sources of Advice for Student Loan Borrowers Across the Life Course

Miller

Balmuth

Brady

et al. 2021

Families in Society: The Journal of Contemporary Social Service

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To promote the financial capabilities of student loan borrowers, practitioners must understand the experiences and needs of borrowers across the life course. A national survey ( n = 1,874) conducted by MIT AgeLab explored perceived loan-related effects across the life course and sources of advice for borrowers. Across age groups, repaying student loans had most regularly imposed negative perceived effects on multiple domains of borrowers’ financial well-being. Younger borrowers reported more negative perceived effects of loans across domains, whereas older borrowers reported fewer negative perceived effects. Few participants had sought professional advice about student loan repayment, although younger borrowers were more likely to have sought loan-related advice in general; perceived levels of helpfulness of advice and comfort consulting with contacts were mixed. Financial social work is uniquely situated to act as a resource for multiple generations of student loan borrowers and their families.

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“…Additionally, those with loans for associate degrees rather than bachelor's and graduate degrees were excluded to achieve consistent outcomes; typically, associate degrees correspond with less student loan debt and lower degree completion rates (Baum et al, 2011). Quotas were also used for income to ensure varied representation from higher income brackets was achieved, given that college graduates have historically demonstrated higher earnings (Emmons et al, 2019).…”

Section: Samplementioning

confidence: 99%

Mothers, Fathers, and Student Loans: Contributing Factors of Familial Conflict Among Parents Repaying Student Loan Debt for Children

et al. 2021

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As college costs rise in the United States, many parents are forced to make difficult decisions about how to pay for their children’s higher education. Stress and conflict accompany financial issues and play a role in the financial picture for many families. Using Hill’s (Hill, Social casework 39:139–150, 1958) ABC-X model of family stress as a framework, this study describes results of a national survey of parents contributing to student loan payments for their child’s education and explores how this experience may play a role in familial conflict. Findings suggest marked gender differences in the relationship between contribution reason and the experience of conflict. Results also carry implications for financial professionals, suggesting a need for family-focused and gender-conscious financial education both before and during the student loan repayment process.

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Is College Still Worth It? The New Calculus of Falling Returns

Cited by 17 publications

References 14 publications

School counseling college‐going culture: Counselors’ influence on students’ college‐going decisions

School counseling college‐going culture: Counselors’ influence on students’ college‐going decisions

Help When You Need It: Sources of Advice for Student Loan Borrowers Across the Life Course

Mothers, Fathers, and Student Loans: Contributing Factors of Familial Conflict Among Parents Repaying Student Loan Debt for Children

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