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Student Loans are Widening the Wealth Gap: Time to Focus on Equity
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Reimagining financial aid to include asset accumulation for those currently disadvantaged has the potential to meet one of our most critical challenges: equipping enough students to succeed in college education to power future societal economic prosperity, at a cost individual students and our collective economy can afford. This report challenges current assumptions about the innocent nature of student loans and proposes asset-based complements that could transform higher education into an institution of equitable opportunity and a foundation of a revitalized American Dream.
Author: Melinda Lewis, William Elliott
Topic: Asset building and saving
Location: United States
Format: Report
Content Type: Research
Publication Date: December 31, 2013