Notice: Undefined index: articledetail in /home/utils/securefiles/securecode/utl_article.cls.php on line 643
Higher Education and the Economic Mobility Gap |
College Loan Consolidation, Federal Loan Consolidation, Private Loan Consolidation, Student Loan Consolidation

America's Top Student Loan Provider

Higher Education and the Economic Mobility Gap
By Carina Zaragoza
A study released Tuesday, February 19, examines the correlation between earning a college degree and economic mobility. Among the findings: economic mobility has not changed significantly for children of poor or middle-class backgrounds. The researchers concluded that this could lead to a severe decline in opportunities for poor and even middle-class families in the future.

The study, Getting Ahead or Losing Ground: Economic Mobility in America, was compiled by scholars of the Brookings Institute in collaboration with the Pew Charitable Trusts. The study represents a comprehensive attempt to observe and track economic mobility between generations. The survey followed families from the 1960s. The study concluded that a college degree is essential to economic mobility, but background plays a large role.

Economic mobility, defined as the ability to climb up the income ladder, is difficult to achieve without a college degree. The study has found that individuals from certain economic and ethnic backgrounds are falling behind in earning college degrees, thus inhibiting their ability to increase their income. The gap between those higher on the income ladder and those lower on the income ladder will widen in the upcoming years, suggesting the economic mobility for these sectors of the population will deteriorate even further in the future.

The study's findings point to a stagnating development wherein those earning the least remain at the same level while those from upper-class families remain the highest earners. Children from the top fifth of income earners scored the highest in earning college degrees (53%). These numbers show that the top fifth of income earners in the country continue to move up the economic ladder and thus secure their places at the top. Conversely, the bottom fifth of income earners earn the fewest college degrees (11%). With nearly half of the bottom fifth of income earners not receiving college degrees, a large percentage of these individuals and their families will remain in the bottom fifth of income earners.

The study found that part of the reason children from poor backgrounds do not earn college degrees is a lack of college advising. One of the authors of the study, Ron Haskins, is adamant that early outreach to children from poor backgrounds will greatly increase the percentage of college-degree earners, thus improving economic mobility. However, future studies and proposed policy implementations are still needed.

The study also includes a comparison to international trends, which finds, despite opinions otherwise, individuals in the United States have less economic mobility overall than those in other industrialized nations. An examination of wealth and economic mobility is conducted as well.

In addition to Ron Haskins, the report was authored by Julia B. Isaacs and Isabel V. Sawhill of the Brookings Institute. The entire report is available on the Economic Mobility Project website as well as the Brookings Institute website.

On the Net

The New York Times

Report on Economic Mobility

The Brookings Institute


Article Title : Higher Education and the Economic Mobility Gap
Comment not found for this article.

Related articles
• A Look at Bad Credit Student Loans
• Bad Credit Student Loan Consolidation
• Education Loans - Give Wings to Your High Education Dreams
• Using Student Loans, Scholarships And Grants To Pay For College

Share this story:
  • BlinkList
  • blogmarks
  • Digg
  • Facebook
  • Google
  • Sphinn
  • MySpace
  • NewsVine
  • Simpy
  • StumbleUpon
  • Technorati
  • E-mail this story to a friend!
  • Print this article!
  • Faves
  • Furl
  • Netvouz
  • Slashdot
  • Spurl
  • Yahoo! Buzz

EdFed introduces… Awareness… Learnal
At, EdFed, we proudly introduce 'articles on student loans' and 'Learnal - the journal to learn from', our free newsletter on student loan management, which is sure to keep you informed of the latest events and happenings in the student loan market. To receive your copy of the above just use the RSS feed below and add this to your "My Yahoo", blogs, newstickers, and other similar channels accepting distributable content.
Click here to sign up for our Weekly Newswire now!

How EdFed Helped others!
I want to thank EdFed for hanging in there with me. It has been greatly appreciated. thank you.
- John H.  Atlanta, GA
* Your Name: * Your E-mail Address:

We respect your privacy.
* Your Friend's name: * Your Friend's E-mail address:
Include a Message:
+ Privacy Policy

Student Loan Consolidation Info - How to Choose the Right Loan Company

This column is sponsored by Granted, America's top job search engine. The Career Resources column is presented by Granted, America's leading job search engine dedicated to getting people jobs.

Education is one of the most basic right of any human, but with the increase in prices and the costs involved in education this has made these rights turn into a privilege which very few can enjoy. Any normal person today in the whole of United States has to take an education loan at one point of time to pay for their education fees.

read more
Schools Will No Longer Receive Paper FAFSA Forms
(September 20, 2007)

news desk
Stafford Loan Payment Calculator
PLUS Loan Payment Calculator
Loan Consolidation Payment Calculator
Glossary of Terms
Loan Comparison Chart
Scholarship Search
There is now a mad dash to consolidate. Everyone wants to reduce their new, higher interest rates--be sure to get in your application now to ensure timely processing.
US School Directory
Comprehensive List of Schools at which EdFed Assists Students.
EdFed is a FFELP lender with lender identification number 834241.
© Copyright 2020 EdFed. All Rights Reserved.

Home · About Us · Contact Us · News · Sitemap
Career Advice · Tell a Friend · Privacy Policy · Resume Service
Resume Distribution Service · Post Resume · Job Search Course
Sign up for the latest news on student loans.
Email Address:
+ Most Recent Newsletter
+ Newsletter Archives