Literaturnachweis - Detailanzeige
Autor/inn/en | Rehr, Tori I.; Regan, Erica P.; Abukar, Zayd; Meshelemiah, Jacquelyn C. A. |
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Titel | Financial Wellness of First-Generation College Students |
Quelle | In: College Student Affairs Journal, 40 (2022) 1, S.90-105 (16 Seiten)
PDF als Volltext |
Sprache | englisch |
Dokumenttyp | gedruckt; online; Zeitschriftenaufsatz |
ISSN | 0888-210X |
Schlagwörter | First Generation College Students; Money Management; Paying for College; Costs; Student Attitudes; Student Behavior; Resources; Student Loan Programs; Student Employment; Scholarships; Grants; Credit (Finance); Parent Financial Contribution; Family Income; Stress Variables; Knowledge Level; Self Efficacy; Psychological Patterns; Undergraduate Students; Generational Differences |
Abstract | Among many challenges that first-generation college students face, navigating how to balance the financial costs of college with covering monthly expenses can be particularly challenging. The present study uses the lens of person-in-environment theory to conceptualize how the financial attitudes, behaviors, and resources of first-generation college students contribute to their financial wellness. Data from the multi-institutional Study on Collegiate Financial Wellness are used to compare first-generation students and continuing-generation students at four-year public institutions on sources of educational funding, financial knowledge, financial optimism, financial strain, and financial self-efficacy. First-generation students were significantly more likely to use federal student loans, private student loans, money from a job, scholarships/grants, and credit cards to fund their education, whereas continuing-generation students were more likely to use parent and family income. First-generation students had significantly higher scores on average than continuing-generation students on the financial strain measure; this was reversed for the financial knowledge score, the financial self-efficacy measure, and the financial optimism measure. These results support findings from prior literature that first-generation students may experience greater financial hardship and implicate an impact on attitudes and beliefs around finances. (As Provided). |
Anmerkungen | Southern Association for College Student Affairs. 11935 Abercorn Street, Savannah, GA 31419; e-mail: CSAJreviews@gmail.com; Web site: https://sacsa.site-ym.com/page/CSAJ |
Erfasst von | ERIC (Education Resources Information Center), Washington, DC |
Update | 2024/1/01 |