Smooth Sailing in a Perfect Storm of Student Debt? Change and Inequality in Borrowing and Returns to Advanced Degrees

dc.contributor.authorPyne, Jaymesen
dc.contributor.authorGrodsky, Ericen
dc.description.abstractRecent efforts to understand aggregate student loan debt have shifted the focus away from undergraduate borrowing and toward dramatically rising debt among graduate and professional students. The authors suggest educational debt plays a key role in social stratification by deterring bachelor’s degree holders from disadvantaged and underrepresented backgrounds from pursuing lucrative careers through advanced degree programs. In contrast to undergraduate debt alone, the burden of educational debt among graduate borrowers appears to have fallen on students from lower socioeconomic backgrounds and historically discriminated students of color more so than their more advantaged counterparts and women more so than men. Average graduate degree wage premiums over bachelor’s degree holders are substantial for many who graduate with advanced degrees, but are particularly high for African American graduates, complicating simple conclusions about the stratification of debt at the postgraduate level.en
dc.description.sponsorshipWisconsin Center for Education Researchen
dc.publisherWisconsin Center for Education Researchen
dc.relation.ispartofseriesWCER Working Paper; 2018-9en
dc.rightsCreative Commons Attribution-NonCommercial-NoDerivatives 4.0 Internationalen
dc.subjectgraduate educationen
dc.subjectAfrican American studentsen
dc.subjectstudents of coloren
dc.subjectequal educational opportunityen
dc.subjectstudent loansen
dc.titleSmooth Sailing in a Perfect Storm of Student Debt? Change and Inequality in Borrowing and Returns to Advanced Degreesen
dc.typeWorking paperen


Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
1.37 MB
Adobe Portable Document Format