“…For example, this study finds that assuming responsibility for an additional dependent was associated with a 13% increase in graduate debt for borrowers and 1.6% increase in the probability of borrowing for non-borrowers, which, in part, may reflect the well-documented financial hardships that many parents face on the path to a graduate degree and for which financial aid is rarely a sufficient remedy (Kennelly & Spalter-Roth, 2006;Springer, Parker, & Leviten-Reid, 2009). This is especially so in the case of female parents, who, on average, are likely to earn lower salaries and accrue less financial savings (before or during graduate school), which would allow them to cover a substantial portion of their educational expenses (Carnevale, Jayasundera, & Cheah, 2012).…”