The Relationship of Student Loan and Credit Card Debt on Financial Satisfaction of College Students
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| Title: | The Relationship of Student Loan and Credit Card Debt on Financial Satisfaction of College Students |
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| Language: | English |
| Authors: | Solis, Oscar, Ferguson, Ralph |
| Source: | College Student Journal. Fall 2017 51(3):329-336. |
| Availability: | Project Innovation, Inc. P.O. Box 8508 Spring Hill Station, Mobile, AL 36689-0508. Tel: 251-343-1878; Fax: 251-343-1878; Web site: http://www.projectinnovation.biz/csj.html |
| Peer Reviewed: | Y |
| Page Count: | 8 |
| Publication Date: | 2017 |
| Document Type: | Journal Articles Reports - Research |
| Education Level: | Higher Education |
| Descriptors: | Paying for College, Student Loan Programs, Debt (Financial), Student Satisfaction, Student Surveys, Undergraduate Students, Regression (Statistics), Probability, Credit (Finance), Online Surveys, Correlation |
| ISSN: | 0146-3934 |
| Abstract: | The cost of higher education at both public and private institutions is increasing and adversely affecting college students (College Board, 2009; Idemudia & Ferguson, 2014a, 2014b, 2015a, 2015b). Utilizing an institutional dataset called Financial Survey of Students 2006 compiled at one of the largest public universities in the southwestern United States, this study examined financial satisfaction among an undergraduate student population using logistic regression. The sample size was 1,498 undergraduate students. The analysis indicated that the probability for financial dissatisfaction increased when students held student loan and credit card debt. Understanding the financial satisfaction of college students can help improve the efforts of university administrators and educators. |
| Abstractor: | As Provided |
| Number of References: | 45 |
| Entry Date: | 2017 |
| Access URL: | https://www.projectinnovation.com/college-student-journal.html |
| Accession Number: | EJ1152788 |
| Database: | ERIC |
| Abstract: | The cost of higher education at both public and private institutions is increasing and adversely affecting college students (College Board, 2009; Idemudia & Ferguson, 2014a, 2014b, 2015a, 2015b). Utilizing an institutional dataset called Financial Survey of Students 2006 compiled at one of the largest public universities in the southwestern United States, this study examined financial satisfaction among an undergraduate student population using logistic regression. The sample size was 1,498 undergraduate students. The analysis indicated that the probability for financial dissatisfaction increased when students held student loan and credit card debt. Understanding the financial satisfaction of college students can help improve the efforts of university administrators and educators. |
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| ISSN: | 0146-3934 |
