Changes to the Student Loan Experience: Psychological Predictors and Outcomes

Autor/in	Mueller, Thomas
Titel	Changes to the Student Loan Experience: Psychological Predictors and Outcomes
Quelle	In: Journal of Student Financial Aid, 43 (2014) 3, Artikel 4 (17 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0884-9153
Schlagwörter	Student Loan Programs; Debt (Financial); Loan Repayment; College Students; Student Experience; Student Attitudes; Student Surveys; Factor Analysis; Multiple Regression Analysis; Focus Groups + Suchen Sie Ihr Suchwort? Collegestudent; Studienerfahrung; Schülerverhalten; Schülerbefragung; Faktorenanalyse
Abstract	This study builds on the work of scholars who have explored psychological perceptions of the student loan experience. Survey analysis ("N" = 175) revealed a multidimensional model was developed through factor analysis and testing, which revealed four latent variables: "Duress," "Mandatory," "Financial," and "Success." Duress and Mandatory were found to be independent unique predictors of the student loan process. Though perceptions were not differentiated among groups, a predominant segment of respondents did not recall their loan interest rates or terms of repayment. Respondents acknowledged the availability of loans but did not correlate availability to the value of university degrees and future earning potential. A greater understanding of the psychology behind student loan procurement can assist student loan practitioners in creating better messaging and communication for this important consumer group. (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	2017/4/10