Assets and liabilities, race/ethnicity, and children's college education

Min Zhan, Michael Sherraden

Research output: Contribution to journalArticlepeer-review


This study examines the extent to which household assets and liabilities are related to disparities in children's college attendance and college graduation among White, Black, and Hispanic families. Results indicate that, after household assets are considered, a substantial portion of the Black-White gap in college attendance and college graduation disappears, and a small portion of the Hispanic-White gap in college graduation also disappears. Separate analyses of children from each racial/ethnic group further indicate that family income and financial assets are related to White children's college attendance and graduation, but nonfinancial assets and unsecured debt are associated with college attendance and graduation among Black and Hispanic children. Policy implications are considered.

Original languageEnglish (US)
Pages (from-to)2168-2175
Number of pages8
JournalChildren and Youth Services Review
Issue number11
StatePublished - Nov 2011


  • Assets
  • College education
  • Liabilities
  • Race/ethnicity

ASJC Scopus subject areas

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


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