How Does Family Structure during Childhood Affect College Preparedness and Completion?
Abstract: From 1996 through 2015, the share of twenty-eight-year-olds in the United States who attended college grew 8 percentage points while the share who completed college also grew 8 percentage points. But college attainment trends varied significantly by family structure. In particular, completion grew much faster for children from \"high-resource\" households (two parents with at least one holding a four-year degree) compared with children from \"low-resource\" households (one parent and no degree). New research suggests that this attainment gap expanded because high-resource households increased precollege investment relative to low-resource households in response to a rising college wage premium.
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Provider: Federal Reserve Bank of Richmond
Part of Series: Richmond Fed Economic Brief