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Full-Text Articles in Higher Education Administration
Indebted To My Education: Examining College Graduates’ Perceptions Of Student Loan Repayment, Vincent D. Carales, Mauricio Molina
Indebted To My Education: Examining College Graduates’ Perceptions Of Student Loan Repayment, Vincent D. Carales, Mauricio Molina
Journal of Student Financial Aid
In this paper, we examine college graduates’ perceptions of entering student loan repayment and how they navigated this process. Findings highlight the importance of helping students make informed borrowing decisions, particularly as they begin repaying their student loan debt. Policy makers wishing to hold institutions accountable for keeping college affordable while enhancing financial aid policy will gain further insight.
Crushing Debt Or Savvy Strategy? Financial Literacy And Student Perceptions Of Their Student Loan Debt, Gail Markle
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 …
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 …
Barriers To Need-Based Financial Aid: Predictors Of Timely Fafsa Completion Among Low-Income Students, Mary Feeney, John Heroff
Barriers To Need-Based Financial Aid: Predictors Of Timely Fafsa Completion Among Low-Income Students, Mary Feeney, John Heroff
Journal of Student Financial Aid
Access to financial aid is dependent on a variety of factors, including the time of application; the earlier students apply for financial aid, the greater their access to institutional and often state resources. We use the Illinois Monetary Award Program (MAP) as a case for investigating the economic, social, and academic factors that affect application timeliness, and in turn, access to need-based financial aid. We analyze a stratified sample of 4,000 low-income students who completed the 2003-04 Free Application for Federal Student Aid (FAFSA) and assess the relationships between Expected Family Contribution (EFC), first-generation status, and academic performance in order …