IDEAS home Printed from https://ideas.repec.org/p/keo/dpaper/2021-006.html
   My bibliography  Save this paper

College loans and scholarships and economic status of parents: An analysis based on the JHPS Second Generation Supplement

Author

Listed:
  • Hideo Akabayashi

    (Faculty of Economics, Keio University)

  • Jie Wang

    (Faculty of Economics, Keio University)

  • Masayuki Kobayashi

    (Oberlin University)

  • Shinpei Sano

    (Faculty of Economics, Keio University)

  • Teruyuki Tamura

    (Department of Management, Kyoto College of Economics)

  • Michio Naoi

    (Faculty of Economics, Keio University)

Abstract

This paper descriptively analyzes the relationship between college loans and scholarships and the economic status of parents at the time of college attendance using the JHPS Second Generation Supplement (JHPS-G2). We focus on the parental household income, assets, and home ownership as their financial status. Even controlling for observable attributes, household income, asset holdings (net worth), and homeownership are correlated with college enrollment. Among college attendees, those from families with lower parental income, lower financial assets, and higher debt or without home ownership tend to have a higher probability of receiving college scholarships and loans. Although the analysis of this paper remains rather descriptive, the results suggest the need to consider not only parental household income but also their asset status as a determinant of college attendance and scholarship/loan decisions.

Suggested Citation

  • Hideo Akabayashi & Jie Wang & Masayuki Kobayashi & Shinpei Sano & Teruyuki Tamura & Michio Naoi, 2021. "College loans and scholarships and economic status of parents: An analysis based on the JHPS Second Generation Supplement," Keio-IES Discussion Paper Series 2021-006, Institute for Economics Studies, Keio University.
    • Handle: RePEc:keo:dpaper:2021-006
    as

    Download full text from publisher

    File URL: https://ies.keio.ac.jp/upload/DP2021-006_ENr.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    higher education; scholarship and loan; income inequality; asset inequality;
    All these keywords.

    JEL classification:

    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:keo:dpaper:2021-006. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Institute for Economics Studies, Keio University (email available below). General contact details of provider: https://edirc.repec.org/data/iekeijp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.