Race, Educational Loans & Bankruptcy

TR Number

Date

2010

Journal Title

Journal ISSN

Volume Title

Publisher

Michigan Journal of Race and Law

Abstract

This article reports new data from the 2007 Consumer Bankruptcy Project revealing that college graduates and specifically White graduates are less likely to file for bankruptcy than their counterparts without a college degree. Although these observations suggest that a college degree helps graduates to weather the setbacks that sometimes lead to financial hardship as measured by bankruptcy, they also indicate that a college degree may not help everyone equally. African American college graduates are equally likely to file for bankruptcy as African Americans without a college degree. Thus, a college education may not confer the same protective benefit against financial hardship for African Americans that it does for their White counterparts.

Description

Keywords

educational attainment, African American students, college graduate students, college students, White, education, higher--costs

Citation