Fact Sheet Borrowing for College: Helping Older Students Make Good Decisions
Sandy Baum, Kelia Washington
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Adults returning to school after time away face unique challenges, such as determining how much to borrow to finance their education. Overborrowing can cause significant problems, but borrowing too little can be just as much of a problem. To help guide students’ decisions, this memo aims to help counselors and other advisers better understand how borrowing patterns for older students differ by race or ethnicity, program, and type of institution.

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 Paying for college Families with low incomes Racial equity in education
Policy Centers Center on Education Data and Policy