Asset Building Briefs & Summaries Financial Inclusion

Staying on Course: The Effects of Savings and Assets on the College Progress of Young Adults

College graduation is increasingly seen as a necessary step toward achieving the American Dream. However, large disparities exist in graduation rates. In this study, we examine the effects of assets on the college progress of young adults and test whether youth’s educational expectations mediate the relationships between assets and college progress. Young adults who are currently enrolled in or who have graduated from a two-year or four-year college are defined as “on course” for achieving the American Dream via the education path. Those who are not currently enrolled and who do not have college degrees are defined as off course.

Project: College Success


Elliott, W., III, & Beverly, S. G. (2010, March). Staying on course: The effects of savings and assets on the college progress of young adults (CSD Research Brief No. 10-13). St. Louis, MO: Washington University, Center for Social Development.