Exploring The Experiences of Asian Student Loan Borrowers

• In Event: Research in Progress Roundtable Session 2
  In Invited Roundtable: Research on Professional Training and Student Finance in Higher Education: Engineering Education, Dual Enrollment, and Student Loans (Table 17)

Abstract

Since the Great Recession, policymakers and researchers have been raising the alarm about the rising rates of student loan debt and the racial disparities in student loan borrowing and repayment (Jackson & Williams, 2022; Miller, 2017; Scott-Clayton & Li, 2016). However, no studies have exclusively examined the experiences of Asian student borrowers in the United States. While some studies have included statistics about Asian borrowers in cross-racial analyses of White, Black, and Latinx borrowers, the findings on Asian borrowers are mixed and varied, making it difficult to understand their experiences (Henderson et al., 2022; Tran et al., 2018; Volkwein et al., 1998). This study aims to bring to light the experiences of Asian borrowers through semi-structured interviews with 15 borrowers.

Author

• Nancy Wong, University of Maryland