Our research finds that on average, rent-assisted adults earning below 50% of the area median income complete high school or more at a rate nearly eight percentage points lower than their unassisted peers in the same income bracket...
Cheshire, Connecticut (PRWEB) February 17, 2017
The Public and Affordable Housing Research Corporation (PAHRC) at HAI Group announces the release of new research that reports on trends in educational attainment for rent-assisted adults. The Education Boost: Lifting Families out of Poverty details the educational achievement gap faced by adults served by rental assistance compared to their low-income unassisted peers.
“Our research finds that on average, rent-assisted adults earning below 50% of the area median income complete high school or more at a rate nearly eight percentage points lower than their unassisted peers in the same income bracket,” said HAI Group’s Manager of Research and Industry Intelligence Keely Jones Stater, PhD. “What’s more, rent-assisted adults complete college at a rate seven percentage points lower than unassisted low-income peers.”
The report breaks down trends in educational attainment by demographic characteristics; finding interesting patterns in the educational attainment gap between rent-assisted adults and their low-income peers by age. It then estimates the value of educational improvements on the chances of positive exits rental assistance, finding that every additional year of education increase the chance of a positive exit by 11%.
However, the report also details the many barriers low-income and rent-assisted households face in attending college, focusing on the cost of college. It estimates that on average, students from families earning under $30,000 could expect to pay up to $72,630 in net costs for a college degree and take nearly 29 years to complete the degree paying out of pocket, despite scholarships.
HAI Group’s President and Chief Executive Officer John C. Thomson notes that, “The research done at HAI Group independent, non-profit research center is critical in bringing attention to the many challenges facing the public and affordable housing industry. By providing a data-driven snapshot of the role education plays in facilitating positive exits from rental assistance, our goal is to spotlight how affordable housing paired with education can serve as a platform for financial self-sufficiency.”
For the full report, maps, and infographics, please visit https://www.housingcenter.com/sites/default/files/pahrc_report_research_spotlight_the_education_boost.pdf.
About HAI Group
HAI Group is a family of companies founded by and dedicated to serving the public and affordable housing community. We deliver innovative, tailor-made solutions to protect assets, improve efficiency, empower employees, and move housing strategies forward. Our portfolio includes insurance, capital, research, advocacy, and learning solutions. As a Member-owned organization, HAI Group has positioned itself as a recognized leader and expert in the public and affordable housing industry. Headquartered in Cheshire, Connecticut, HAI Group’s Membership extends across the United States.
For more information about HAI Group, please visit http://www.housingcenter.com.
About The Public and Affordable Housing Research Corporation
The Public and Affordable Housing Research Corporation (PAHRC) is HAI Group’s independent, non-profit research center dedicated to conducting research that promotes the national conversation about the importance of affordable housing. Through industry collaboration, data collection and independent research, PAHRC spotlights the impact, outcomes and value affordable housing brings to the families it serves and to the communities it supports. PAHRC also delivers data and tools that assist researchers, practitioners and advocates to build an evidence-based case for why affordable housing matters.
For more information about HAI Group’s independent, non-profit research center, please visit http://www.housingcenter.com/research.