The cost of college has spiraled beyond the reach of many families and is leaving millions of students and graduates with debts that are keeping them from realizing their financial goals.
An examination of the increasing amount of student loan debt being accumulated by students in the African-American community at a large state university in Southern California provided information used to educate students about their financial options and assist them in making wise student loan borrowing choices.
The purpose of this study was to identify the trends in student loan borrowing of African American undergraduate students at a four-year public institution in Southern California and identify the factors influencing their borrowing.
The study aimed to shape the advising and policies that govern student loan borrowing at the large state university for the African American undergraduate student population. The study analyzed institutional data and used survey questionnaires to determine what trends existed, coupled with focus groups to further understand the factors associated with student loan borrowing. (Diverse Issues in Higher Education)