With many warning of the impending student loan bubble, here’s a great piece via MySA.com regarding Sallie Mae’s 2012 “How America Pays for College.” Once again, Latinos are less likely than other demographic groups to borrow money to pay for college. How do they offset the cost? According to the study, more Latino college students will live at home or work more hours.
As the MySA.com article correctly cites, because Latinos are often less experienced than other groups in the essentials of applying and paying for college, loans are often worrisome and an unknown liability:
It’s a new experience for them [Latinos] altogether, transitioning from a high school senior to a college freshman. Adding on top of that experience having to borrow to go to school is frightening.”