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ERIC Number: EJ925499
Record Type: Journal
Publication Date: 2011-May
Pages: 32
Abstractor: As Provided
Reference Count: 79
ISSN: ISSN-0195-6744
Staying on Course: The Effects of Savings and Assets on the College Progress of Young Adults
Elliott, William; Beverly, Sondra
American Journal of Education, v117 n3 p343-374 May 2011
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 after leaving college. This study examines the potential role of assets and savings for promoting college progress among young adults. Overall, findings suggest that policies, such as Child Development Accounts (CDAs), that help parents and youth accumulate savings--especially savings for college--may increase college attendance and graduation completion rates. (Contains 3 tables and 10 notes.)
University of Chicago Press. Journals Division, P.O. Box 37005, Chicago, IL 60637. Tel: 877-705-1878; Tel: 773-753-3347; Fax: 877-705-1879; Fax: 773-753-0811; e-mail:; Web site:
Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A