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Borrowing Inequality: Race, Class and Student Loans

reviewed by Noel S. Anderson - 2004

coverTitle: Borrowing Inequality: Race, Class and Student Loans
Author(s): Derek V. Price
Publisher: ABLEX Publishing Company, Westport, CT
ISBN: 1588262162, Pages: 161, Year: 2004
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The alarming rise in tuition at public and private colleges and universities around the country coupled with the precipitous decline in federal student aid is pushing higher education out of the reach of many students in the United States . The middle class is feeling the pressure, with many families refinancing homes or maxing out credit cards to pay for four years of undergraduate education. Those disproportionately impacted by escalating college costs are students of color from low-income and poor families, for whom a college education may be the only viable avenue to increasing their life chances. A recent report states that less than half of Latino and African American students complete college within six years compared to 63% for whites, largely because of a lack of financial support from colleges and universities (The Education Trust, 2004). As this new research on the “graduation gap” emerges, the federal Higher Education Act of 1965 (HEA), which was developed to provide aid to students regardless of their... (preview truncated at 150 words.)

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Cite This Article as: Teachers College Record Volume 106 Number 12, 2004, p. 2294-2297
https://www.tcrecord.org ID Number: 11330, Date Accessed: 6/23/2021 8:26:04 AM

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About the Author
  • Noel Anderson
    Brooklyn College
    E-mail Author
    NOEL S. ANDERSON is Assistant Professor of Education Policy in the Department of Political Science at Brooklyn College, The City University of New York. His most recent publication is "'Hoping and Coping:' A Case Study African American and Latino Males in an Urban Upward Bound College Preparation Program" (co-authored with Dr. Colleen Larson, New York University) submitted to Educational Administration Quarterly for Spring 2005 publication. Currently, he is working on a project that examines the influence of American educational policy on the design of South African Bantu Education under Apartheid during the 1940s and 1950s.
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