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Author(s):Jez, S.
Title:The differential impact of wealth vs. income in the college-going process
Organization:Sacramento State University
Short Description:This paper examines the differential role of wealth from income in the college choice process, specifically applying to college, attending college, and what type of college attended (two-year, four-year, and selective).
Annotation:College is increasingly essential for economic and social mobility. Current research devotes significant attention to race, income, and socioeconomic factors in college access. Yet, wealth’s role, as differentiated from income, is largely unexplored. This paper examines the differential role of wealth from income in the college choice process, specifically applying to college, attending college, and what type of college attended (two-year, four-year, and selective). To examine these relationships, the author linked the National Longitudinal Study of Youth (1997) to the Integrated Postsecondary Education Data System to create a nationally-representative dataset for nearly 9,000 youth. Regression analyses reveal that wealth and income affect the college choice process differently, with wealth consistently being more significant in predicting the college-choice outcomes. The impact of wealth persists even after controlling for academic achievement, habitus, social capital, and cultural capital.
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Associated Keywords:
College Access
Community Colleges
Financial Aid, Affordability, Tuition, and Costs
Low-Income Students

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The Canadian student financial aid system: The case for modernization
Is university education in Canada more affordable than in the United States?: A Review of the Argument Presented in The affordability of university education: A perspective from both sides of the 49th parallel
The 2003 Ontario College Applicant Survey
How America pays for college 2009: A national study by Gallup and Sallie Mae
How America saves for college 2009: Sallie Mae's national study of students and parents
Report on student debt: Canadian college student survey and Canadian undergraduate survey consortium
Student loan forgiveness programs: An evolving workforce development tool
Benchmarks: WICHE Region 2009
Student debt and the class of 2008
The price of knowledge: Access and student finance in Canada
Student Financial Survey: Baseline Results (2001)
Does money matter? II
Canadian college student finances: Second edition
State policies regarding undocumented college students: A narrative of unresolved issues, ongoing debate and missed opportunities
DOD Education benefits: Increased oversight of tuition assistance program is needed
Adding it all up: An early look at net price calculators
Trends in college pricing 2010
Trends in student aid 2010
The Division III financial aid reporting program: Review results 2005-06 through 2010-11: Executive summary
New path to federal student aid for those with no high school diploma or GED
Federal higher education policy and the profitable nonprofits
Time is the enemy: The surprising truth about why today's college students aren't graduating... And what needs to change
Testing the impact of Higher Achivement's year-round out-of-school-time program on academic outcomes
State Policies Affecting the “Adult Re-Entry Pipeline” in Postsecondary Education: Results of a Fifty-State Inventory
College Savings Foundation: 2011 Survey of parents
One year out: Findings from a national survey among members of the high school graduating class of 2010
You can go! Educator resources
Online learning: Does it help low-income and underprepared students?
Community colleges and higher education: How do state transfer and articulation policies impact student pathways?
Benefitting whom? For-profit education companies and the growth of military educational benefits
A decade of undergraduate student aid: 1989-90 to 1999-2000
Class differences: Online education in the United States, 2010
Web tables - trends in graduate borrowing: selected years, 1995-96 to 2007-08
For-profit colleges: Undercover testing finds colleges encouraged fraud and engaged in deceptive and questionable marketing practices
Web tables - trends in undergraduate stafford loan borrowing: 1989-90 to 2007-08
Survey of income and program participation data on educational attainment
Broadening the benefits of dual enrollment: Reaching underachieving and underrepresented students with career-focused programs
Trends in public higher education: Enrollment, prices, student aid, revenues and expenditures
Student debt and the class of 2011
The student debt crisis
Higher education, merit-based scholarships and post-baccalaureate migration
Denied? The impact of student debt on the ability to buy a house
Overcoming the poverty challenge to enable college and career readiness for all: The crucial role of student supports
Higher education findings from a nationwide bipartisan survey of 872 respondents age 18-34
Find the best colleges for you: Focus on information that matters (English and Spanish Versions)
Experimental evidence on the effect of childhood investments on postsecondary attainment and degree completion
Postsecondary education student outcomes vary at for-profit, non-profit, and public schools
Performance-based scholarships: Emerging findings from a national demonstration
Financial trends in public and private nonprofit institutions
Degreeless in debt: What happens to borrowers who drop out
Beyond the master plan: The case for restructuring baccalaureate education in California
Determinants of students' success: The role of advanced placement and dual enrollment programs
Financial literacy at minority-serving institutions
The economic value of opportunity youth
Prison vs. Princeton