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Higher Education Administration Commons™

Open Access. Powered by Scholars. Published by Universities.®

Sociology

University of Louisville

Journal

Articles 1 - 6 of 6

Full-Text Articles in Higher Education Administration

Financial Knowledge Or Financial Situations? Toward Understanding Why Some College Students Use Credit Cards To Pay For College Tuition, Benjamin D. Andrews Oct 2021

Financial Knowledge Or Financial Situations? Toward Understanding Why Some College Students Use Credit Cards To Pay For College Tuition, Benjamin D. Andrews

Journal of Student Financial Aid

While the majority of college students use credit cards for educational expenses like textbooks, recent data reports that college students also use credit cards to directly fund their schooling by charging for at least some part of their tuition (Sallie Mae, 2009). Because credit cards carry a higher interest rate than student loans, and because they do not have a period of deferred payment while a student is enrolled in school, credit cards are a particularly risky method of payment that students resort to in order to attend college. Why do college students participate in such risky spending behavior to …

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Does The House Always Win? An Analysis Of Barriers To Wealth Building And College Borrowing, Katherine E. Fletcher, Matthew B. Fuller Feb 2021

Does The House Always Win? An Analysis Of Barriers To Wealth Building And College Borrowing, Katherine E. Fletcher, Matthew B. Fuller

Journal of Student Financial Aid

The racial differences in student loan debt must be interpreted through a lens of wealth building inequality. Black individuals in particular are negatively affected by official and unofficial policies that create barriers to building wealth. Financial aid policies then exacerbate this inequality with an Expected Family Contribution (EFC) formula that protects the majority of family assets from being used as required educational contributions. Using the 2011-12 National Postsecondary Student Aid Survey (NPSAS:12) , we examined differences in student loan debt based on wealth building barriers (students’ access to banks, father’s education, and mother’s education). Our ANOVA models show cumulative loan …

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Experiencing Financial Aid At A Historically White Institution: A Critical Race Analysis, Liane I. Hypolite, Antar A. Tichavakunda Dec 2019

Experiencing Financial Aid At A Historically White Institution: A Critical Race Analysis, Liane I. Hypolite, Antar A. Tichavakunda

Journal of Student Financial Aid

While scholars have looked at the intersection of financial aid and various identities, little work has examined how, if at all, race and racism are imbued into financial aid in higher education using qualitative inquiry. This paper begins that work by using a Critical Race Theory lens to analyze how, in the seemingly colorblind structure and process of financial aid, race matters. Using interview data collected from 35 Black juniors and seniors at a selective, historically White institution (HWI), the authors examine how race has informed students’ perceptions of themselves, their families, and their futures through their experiences with financial …

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Crushing Debt Or Savvy Strategy? Financial Literacy And Student Perceptions Of Their Student Loan Debt, Gail Markle Dec 2019

Crushing Debt Or Savvy Strategy? Financial Literacy And Student Perceptions Of Their Student Loan Debt, Gail Markle

Journal of Student Financial Aid

Almost three quarters of American college students use loans to fund their college education, although according to public discourse student debt is a critical problem. Grounded in social reproduction theory and consumer socialization theory this study examines the influence of financial literacy on students’ college financing decisions, perceptions of student loan debt, and education-related behavior. A sample of 429 undergraduate students selected using systematic cluster sampling from a large public university in the southeast completed a survey containing closed and open ended questions. Participants reported moderate levels of financial literacy (72.3%) and student loan awareness (62.7%). Only 20% of students …

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Social Dimensions Of Student Debt: A Data Mining Analysis, Dirk Witteveen, Paul Attewell Oct 2019

Social Dimensions Of Student Debt: A Data Mining Analysis, Dirk Witteveen, Paul Attewell

Journal of Student Financial Aid

Media commentary on undergraduates' loan debt portrays a crisis in which many students are unable to pay back their loans, having borrowed large sums and lacking sufficient post-college income to repay. Several scholars have questioned the media accounts, noting that indebtedness is highest among students from high income families, while defaults predominate among low debt students. Using a data mining technique known as CART, we analyze national data on the indebtedness of recent baccalaureate graduates, to uncover combinations of social characteristics that are associated with loan pressure: the ratio of indebtedness to post-college earnings. We find that students from lower …

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Take It, Or Leave It? Analyzing How Unsubsidized Federal Loans Affect Six-Year Degree Attainment Across Income Groups, Ray Franke Jul 2019

Take It, Or Leave It? Analyzing How Unsubsidized Federal Loans Affect Six-Year Degree Attainment Across Income Groups, Ray Franke

Journal of Student Financial Aid

This study examined the effects of unsubsidized federal Stafford loans on six-year degree attainment at 4-year colleges and universities in the U.S., and how these differentially impact students across income groups. For this, nationally representative data from the Beginning Postsecondary Students (BPS:04/09) and the Integrated Postsecondary Education Data System (IPEDS) was merged to analyze N=6,561 students attending n=651 four-year institutions. To account for possible selection bias in loan borrowing and the nested data structure, this study employs a propensity score matching, multilevel modeling approach. In addition to financial aid measures, the analytic model draws from the heterogeneous research approach and …

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