Assets and liabilities, educational expectations, and children's college degree attainment

Min Zhan, Michael Sherraden

Research output: Contribution to journalArticlepeer-review


This research examines relationships among household assets and liabilities, educational expectations of children and parents, and children's college degree attainment. Special attention is paid to influences of different asset types (financial vs. nonfinancial assets) and liabilities (secured vs. unsecured debt). Results indicate that, after controlling for family income and other parent/child characteristics, financial and nonfinancial assets are positively related to, and unsecured debt is negatively related to, children's college completion. Furthermore, there is evidence that financial assets are positively associated with the education expectations of parents and children. Policy directions are suggested.

Original languageEnglish (US)
Pages (from-to)846-854
Number of pages9
JournalChildren and Youth Services Review
Issue number6
StatePublished - Jun 2011


  • Assets
  • College education
  • Educational expectations
  • Liabilities

ASJC Scopus subject areas

  • Education
  • Developmental and Educational Psychology
  • Sociology and Political Science


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