Fact Sheet Borrowing for College: Helping High School Students Make Good Decisions
Sandy Baum, Kelia Washington
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The transition from high school to college can challenge students and families, who often struggle as they figure out how to finance a college degree and how much to borrow. Though there is no “right” amount of debt, understanding how different choices affect different students can help inform decisions. This memo aims to help counselors and other advisers better understand differences in borrowing by race or ethnicity, program, and type of institution and navigate the factors that might influence students’ success.

Research Areas Education Wealth and financial well-being Race and equity
Tags Higher education Asset and debts Racial and ethnic disparities Financial knowledge and capability Secondary education Paying for college Families with low incomes Racial equity in education
Policy Centers Center on Education Data and Policy