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Full-Text Articles in Education
Understanding Undergraduate Student Borrowing In China: A Qualitative Analysis, Hanwen Zhang
Understanding Undergraduate Student Borrowing In China: A Qualitative Analysis, Hanwen Zhang
Journal of Student Financial Aid
As China moved from elite to mass higher education, student borrowers as the product of state intervention have surged. Yet little attention has been paid to their voices. This study conducts reflexive thematic analysis with a qualitative inquiry into lived experiences of 41 current borrowers. A five-factor typology of debt attitudes yields a dynamic explanation of debt and repayment complexities. Students perceive borrowing as an investment in human and social capital. They are, however, cautious of consumer credit. Far from being a deterrent or added burden, educational indebtedness grants them a measure of freedom and autonomy in college. And they …
Who Do College Students Turn To For Financial Aid And Student Loan Advice, And Is It Advice Worth Following?, Casandra E. Harper, Lisa Scheese, Enyu Zhou, Rajeev Darolia
Who Do College Students Turn To For Financial Aid And Student Loan Advice, And Is It Advice Worth Following?, Casandra E. Harper, Lisa Scheese, Enyu Zhou, Rajeev Darolia
Journal of Student Financial Aid
In this article, we examine the sources of information that college students turn to as they make decisions related to financial aid and student loans. Based on interview data from 25 undergraduate students from one public, four-year institution, our results reveal a great amount of variation in the number and nature of sources on which students rely. Across nearly all cases, students believed their access to assistance to be insufficient. This was true even for students with parents who attended college—commonly considered to be a high-quality source of support for students, when available—as students often found their advice outdated, confusing, …
Does The House Always Win? An Analysis Of Barriers To Wealth Building And College Borrowing, Katherine E. Fletcher, Matthew B. Fuller
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 …
Investing In Education: Impact Of Student Financial Stress On Self-Reported Health, Stephen Poplaski, Randy Kemnitz, Cliff A. Robb
Investing In Education: Impact Of Student Financial Stress On Self-Reported Health, Stephen Poplaski, Randy Kemnitz, Cliff A. Robb
Journal of Student Financial Aid
Through the lens of Human Capital theory, the role of financial aid (both amount and type) is explored in the context of student financial stress, and ultimately general student health. Data are taken from a sample of 232 students from a major Midwestern university who were surveyed about their financial attitudes, behavior and knowledge. The presence and amount of federal loans was associated with self-reported financial stress, and the validated stress measure was further associated with students’ self-reported health. A number of personal life events (i.e. job loss) were also associated with higher stress levels. Implications are discussed.
A Case Study Of Undergraduate Debt, Repayment Plans, And Postbaccalaureate Decision-Making Among Black Students At Hbcus, Dominique J. Baker
A Case Study Of Undergraduate Debt, Repayment Plans, And Postbaccalaureate Decision-Making Among Black Students At Hbcus, Dominique J. Baker
Journal of Student Financial Aid
High payments and default on undergraduate debt have consequences; they are of national concern if aversion to debt deters students from making optimal postbaccalaureate decisions on postbaccalaureate educational aspirations, enrollment, and early-career occupation. I conducted two semi-structured interviews, near graduation and six months later, with six recent graduates of an HBCU who borrowed at some point in their undergraduate career and were required to complete federal exit counseling. I found that the relationship between undergraduate debt and postbaccalaureate decision-making is partially explained by the themes of timing and structure of information, family as a source of knowledge, comfort with the …
Which U.S. Households Use Education Loans?, Chungwen Hsu, Patti J. Fisher
Which U.S. Households Use Education Loans?, Chungwen Hsu, Patti J. Fisher
Journal of Student Financial Aid
This empirical study uses the 2013 Survey of Consumer Finances (SCF) to investigate the characteristics of households that hold at least one loan for educational expenses. The benefit of using household-level data is that a single household may have education loans for multiple people in the household, including the household head, spouse/partner, and children. In studies of the education loan debt of individuals, the true effect on households may be overlooked. The present results show that the respondent’s age, respondent’s marital status, having at least one dependent child under the age of 18, net worth, home ownership, stock ownership, being …
Beyond Financial Need: Predictors Of Student Loans And Student Loan Attitudes, Jill M. Norvilitis, Meghan J. Batt
Beyond Financial Need: Predictors Of Student Loans And Student Loan Attitudes, Jill M. Norvilitis, Meghan J. Batt
Journal of Student Financial Aid
Although public concern about student loan debt has been increasing, little research has examined predictors of debt beyond financial need or demographic factors. The present study explored the role of several psychological and attitudinal variables in student loan debt among 189 college students. Results indicate that loan initiative and loan resignation attitudes predicted level of student loan debt. In addition, locus of control, delay of gratification, and social comparison are also related to loans and loan attitudes. Parental instruction marginally predicted loan attitudes, but not loan totals. Overall, these results suggest the need to consider non-need based factors when counseling …
Factors That Affect Willingness To Borrow Student Loans Among Community College Students, Kathleen K. Menges, Christoph Leonhard
Factors That Affect Willingness To Borrow Student Loans Among Community College Students, Kathleen K. Menges, Christoph Leonhard
Journal of Student Financial Aid
Research suggests that student loan borrowing has increased at the community college level. This trend is worrisome to many, as research is inconclusive regarding whether loans are positively correlated with achieving a college degree. Many also contend that choosing not to borrow a student loan due to loan aversion can negatively impact a student’s chance of reaping the financial benefits of a college degree. This study surveyed three community colleges in the Midwest to better understand how acculturation, time perspective, and financial literacy impact community college students’ willingness to borrow student loans. Except for financial literacy, none of the variables …
Book Review: The Real College Debt Crisis: How Student Borrowing Threatens Financial Well-Being And Erodes The American Dream, Ellie M. Bruecker
Book Review: The Real College Debt Crisis: How Student Borrowing Threatens Financial Well-Being And Erodes The American Dream, Ellie M. Bruecker
Journal of Student Financial Aid
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Book Review: The Student Loan Mess: How Good Intentions Created A Trillion-Dollar Problem, Justin Chase Brown
Book Review: The Student Loan Mess: How Good Intentions Created A Trillion-Dollar Problem, Justin Chase Brown
Journal of Student Financial Aid
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