Student Loan Debt Literacy: A Comparison of First-Generation and Continuing-Generation College Students

2014 ◽  
Vol 55 (7) ◽  
pp. 714-719 ◽  
Author(s):  
Jason Lee ◽  
John A. Mueller
Keyword(s):  
College Students ◽  
First Generation ◽  
Student Loan ◽  
Student Loan Debt ◽  
Loan Debt

The Relationship Between ADHD Symptomatology and Financial Well-Being Among College Students

2019 ◽  
pp. 108705471988744
Author(s):  
Jill M. Norvilitis ◽  
Braden K. Linn ◽  
Michelle M. Merwin
Keyword(s):  
College Students ◽  
Credit Card ◽  
Student Loans ◽  
Well Being ◽  
Student Loan ◽  
Financial Strain ◽  
Student Loan Debt ◽  
Financial Difficulties ◽  
Loan Debt ◽  
Students With Adhd

Objective: Although there is research that indicates financial difficulties among adults with ADHD, little research has examined financial well-being among college students with ADHD. Method: The present study explored the relationships between symptoms of ADHD and credit card and student loan debt, expected student loan debt, perceived financial well-being, worries about student loans, and financial strain behaviors among 612 college students at two public universities in different states. Results: Results indicated that students with more symptoms of ADHD reported lower perceived financial well-being, but there was no relationship between symptomatology and credit card and student loan debt or expected student loan debt. Conclusion: These results highlight the opportunity for interventions to address current perceived financial well-being and to prevent future financial concerns.

Financial Stress and Financial Counseling: Helping College Students

2015 ◽  
Vol 26 (2) ◽  
pp. 172-186 ◽  
Author(s):  
Sonya L. Britt ◽  
Anthony Canale ◽  
Fred Fernatt ◽  
Kristen Stutz ◽  
Racquel Tibbetts
Keyword(s):  
College Students ◽  
Financial Stress ◽  
Student Loan ◽  
Student Loan Debt ◽  
Financial Behaviors ◽  
Net Worth ◽  
Positive Effects ◽  
Financial Counseling ◽  
Loan Debt ◽  
Subjective Financial Knowledge

This study had two distinct purposes. First, to determine the predictors of financial stress among college students who sought free peer-based financial counseling from a large Midwestern university (N = 675). Secondly, to determine the effectiveness of the particular financial counseling center from a subsample of those who sought help (N = 97). Results of the regression analysis indicate that students more likely to experience financial stress include freshmen, those with low perceived mastery and net worth, and those with median student loan debt as compared to those with no student loan debt. Results of t-test analyses suggest that financial counseling had positive effects on subjective financial knowledge and financial attitudes and mixed effects on financial behaviors.

scholarly journals Student Loans: Do College Students Borrow Too Much—Or Not Enough?

2012 ◽  
Vol 26 (1) ◽  
pp. 165-192 ◽  
Author(s):  
Christopher Avery ◽  
Sarah Turner
Keyword(s):  
College Students ◽  
Credit Card ◽  
Student Loans ◽  
Student Loan ◽  
Limited Evidence ◽  
Student Loan Debt ◽  
Educational Expenditures ◽  
Financial Perspective ◽  
Loan Debt ◽  
First Time

Total student loan debt rose to over $800 billion in June 2010, overtaking total credit card debt outstanding for the first time. By the time this article sees print, the continually updated Student Loan Debt Clock will show an accumulated total of roughly $1 trillion. Borrowing to finance educational expenditures has been increasing—more than quadrupling in real dollars since the early 1990s. The sheer magnitude of these figures has led to increased public commentary on the level of student borrowing. We move the discussion of student loans away from anecdote by establishing a framework for considering the use of student loans in the optimal financing of collegiate investments. From a financial perspective, enrolling in college is equivalent to signing up for a lottery with large expected gains—indeed, the figures presented here suggest that college is, on average, a better investment today than it was a generation ago—but it is also a lottery with significant probabilities of both larger positive, and smaller or even negative, returns. We look to available—albeit limited—evidence to assess which types of students are likely to be borrowing too much or too little.

At what costs? Student loan debt, debt stress, and racially/ethnically diverse college students’ perceived health.

2018 ◽  
Vol 24 (4) ◽  
pp. 459-469 ◽  
Author(s):  
Alisia G. T. T. Tran ◽  
Jeffrey S. Mintert ◽  
Jasmín D. Llamas ◽  
Christina K. Lam
Keyword(s):  
College Students ◽  
Ethnically Diverse ◽  
Perceived Health ◽  
Student Loan ◽  
Student Loan Debt ◽  
Debt Stress ◽  
Loan Debt

Financial Management Education Courses as Social Societal Learning Tools at Minority-Serving Colleges and Universities

2021 ◽  
Vol 1 (1) ◽  
pp. 39-57
Author(s):  
Darrell N. Burrell ◽  
Jorja B. Wright ◽  
Mindy Perot ◽  
Delores Springs ◽  
Shanel Lu ◽  
...  
Keyword(s):  
Higher Education ◽  
United States ◽  
College Students ◽  
Financial Literacy ◽  
The United States ◽  
Student Loan ◽  
Colleges And Universities ◽  
Debt Management ◽  
Student Loan Debt ◽  
Loan Debt

A 2016 article in the Nation outlined that in the United States the average Black family would need 228 years to build comparable wealth to the average white family. Today, achieving the dream of higher education has posed many threats to the Hispanic and African American communities. In order to achieve the dream, many minority students receive student loans to fund their higher education pursuits with hopes that future employment will afford repayment. However, most do not realize the risks. Student loan debt is a severe and mounting problem in the United States. In the United States, seven million student loan borrowers are now in default. Forty-five percent of college students obtain some sort of credit card debt. Lack of knowledge on financial literacy and student loan debt management is a serious issue. This article presents findings that support making financial literacy courses mandatory for college students just like Mathematics and English courses, especially at minority-serving colleges and universities.

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