Report: Black, Latino Freshmen Feel Financial Stress

August 31, 2015

New research from the University of Chicago has found that many black and Latino college freshmen feel significant financial strain. Black and Latino freshmen at five universities in Illinois were surveyed three times during the year. At each point, about 35 percent reported having difficulty paying their bills, being upset that they did not have enough money and worrying that they would not be able to afford to complete their degree. The sample was of students who were well prepared for college. The results are the first part of a major effort to track these students and to look for approaches to improving minority student retention. More information on the research may be found here.

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