College Student Debt and Anticipated Repayment Difficulty

Autor/inn/en	Fox, Jonathan J.; Bartholomae, Suzanne; Letkiewicz, Jodi C.; Montalto, Catherine P.
Titel	College Student Debt and Anticipated Repayment Difficulty
Quelle	In: Journal of Student Financial Aid, 47 (2017) 2, Artikel 6 (26 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0884-9153
Schlagwörter	Debt (Financial); Loan Repayment; Undergraduate Students; Student Financial Aid; Paying for College; Student Surveys; Predictor Variables; Public Colleges; Private Colleges; Two Year Colleges; Community Colleges; Two Year College Students; Money Management; Regression (Statistics); Statistical Analysis; Ohio + Suchen Sie Ihr Suchwort? Finanzielle Beihilfe; Studienfinanzierung; Studienförderung; Schülerbefragung; Prädiktor; Privathochschule; Community college; Community College; Regression; Regressionsanalyse; Statistische Analyse
Abstract	This study analyzes factors associated with anticipated difficulty with repayment of debt accumulated during college using a basic model of credit risk that includes socialization processes influencing college student financial decisions. The empirical analysis uses data from the 2010 Ohio Student Financial Wellness Study. Results provide evidence of male overconfidence in financial decision making, as males are less likely than females to predict repayment difficulties. Socialization process variables, including financial management practices, financial parenting communication, and expected economic returns from education, are strongly associated with anticipated debt repayment difficulty. Inclusion of these process variables in the model results in loss of explanatory power of many of the traditional individual success variables, such as gradepoint average, and graduation plans. (As Provided).
Anmerkungen	National Association of Student Financial Aid Administrators. 1101 Connecticut Avenue NW Suite 1100, Washington, DC 20036. Tel: 202-785-0453; Fax: 202-785-1487; e-mail: membership@nasfaa.org; Web site: http://www.nasfaa.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01