New Study Finds Latino Parents Feel Strongly Against Using Student Loans to Afford College

*Researchers think it’s odd that Latino parents are optimistic about their children’s future, but don’t want them to take out education loans.  They don’t understand that Latino optimism is about resourcefulness. VL


NewsTaco EDUCATION MONDAY

By Mike Brown, lendedu (2.5 minute read)  

Latino parents are vehemently against their children obtaining student loans, preferring nine other methods to help pay for college before relying on loans, according to a new study commissioned by Massachusetts Mutual Life Insurance Company (MassMutual).

The MassMutual study found that scholarships (43 percent), federal student aid (40 percent), parent savings (36 percent), and starting at a less expensive two-year college (31 percent) were the most preferred methods.

Following the aforementioned options at the top of the list, borrowing funds from a retirement account, a 529 plan, a part-time job for their child, work-study programs, and parents borrowing were all deemed by the respondents as more favorable than student loans.

The study also found that Latinos saved nearly the least of any ethnic group surveyed. However, Latinos were one of the most optimistic ethnic groups in regards to college affordability.

READ MORE

Penn State

Subscribe today!

  • This field is for validation purposes and should be left unchanged.

Must Read

U.S. citizen detained overnight by ICE – they thought he was undocumented

Victor Landa July 6, 2017

By Victor Landa, NewsTaco (1.5 minute read)  This is startling news. Up until last night at a dinner conversation I believed that the idea that an American citizen would be […]

Willie Velásquez documentary is a lesson for Latinos on the importance of voting

NewsTaco May 9, 2017

*Why you should read this: Because today is Willie Velasquez day and a quick search of his name turned up no news stories. This piece, by Mercedes Olivera, is from […]

DIECIOCHO Podcast: Texas Rep. Rafael Anchia – Trump, Gerrymandering and Money

NewsTaco June 8, 2017

By Victor Landa, NewsTaco (1 minute read, 34 minute listen)  It’s safe to say that the just-ended Texas legislative session was the most acrimonious in memory. We can talk for […]

Ted Cruz gets an earful in McAllen for July 4

Victor Landa July 5, 2017

*I’m posting this because it was mostly Latinos, organizing, protesting, making their voices heard. Everyone needs to know that Latinos in deep South Texas are standing up. VL By Patrick […]

Pence will host White House Cinco de Mayo party

NewsTaco May 4, 2017

*Why you should read this: Because there’ll be no Cinco de Mayo celebration at the White House (I know, big deal – we’ll be spared the taco-bowl). VL By Hadas […]

Vietnam War veteran fears he could be deported

Victor Landa July 7, 2017

*This Vietnam veteran, born in Mexico, was awarded two Purple Hearts and given U.S. citizenship after his service. He’s misplaced his documents and after paying $345 the government wants more […]

Castro will not run for U.S. Senate

NewsTaco May 1, 2017

By Victor Laneda, NewsTaco (i.5 minute read)    Rep. Joaquin Castro (D-TX) says he will not be running for the U.S. Senate against Ted Cruz. Castro had promised to make […]

Henry Cisneros: Why Can’t Americans See Latinos Are Country’s ‘Saving Grace’?

Victor Landa July 7, 2017

*Good question. I think it’s because we’re not the ones telling our story. We need to fight for our narrative. VL By Suzanne Gamboa, NBC News (1.5 minute read)  SAN […]