Report 1: Financial Distress At The Start Of College

Source: Micere Keels, Myles Durkee, & Elan Hope, Minority College Cohort Study, Occasional Report, August 2015

From the Futurity summary:
A new study of more than 500 black and Latino college students confirms that many encounter obstacles after enrolling in college without adequate financial resources. … Consequently, disproportionate numbers of blacks and Latinos are entering adulthood with college debt but without a degree. Nationally, approximately 40 percent of black and 52 percent of Latino freshmen obtain their degree within six years, compared to 63 percent of white and 70 percent of Asian students. Black and Latino students also have significantly more student debt than white and Asian students. For example, approximately 43 percent of black and 30 percent of Latino graduates have more than $30,500 in student debt, compared to 25 percent of white and 10 percent of Asian students. As a result, broadening access without increasing persistence disproportionately harms black and Latino students….

….The report is the first of a series that will be released from the Minority College Cohort Study, for which Keels is the principal investigator. The study tracks the emerging adult trajectory of black and Latino college freshmen from five public and private universities in Illinois….