ERIC Number: EJ1034691
Record Type: Journal
Publication Date: 2014
Abstractor: As Provided
Reference Count: 66
Financial Decisions among Undergraduate Students from Low-Income and Working-Class Social Class Backgrounds
Soria, Krista M.; Weiner, Brad; Lu, Elissa C.
Journal of Student Financial Aid, v44 n1 Article 2 2014
Low-income and working-class students face many challenges related to the costs and affordability of higher education; yet, little is known about the financial decisions made by these groups of students while they are enrolled in higher education and how their decisions might differ from middle/upper-class students. Using data from students enrolled at six large, public research universities in 2012, researchers examined 16 different financial decisions of undergraduate students. Results suggest that low-income and working-class students are more likely to make decisions that could negatively impact their immediate academic experience, serve as disruptive barriers to success, delay or prolong graduation, or lead to increased debt upon graduation.
Descriptors: Educational Finance, Working Class, Decision Making, State Universities, Debt (Financial), Paying for College, Undergraduate Students, Student Attitudes, Low Income, Barriers, Educational Attainment, Costs, Online Surveys, Regression (Statistics)
National Association of Student Financial Aid Administrators. 1101 Connecticut Avenue NW Suite 1100, Washington, DC 20036. Tel: 202-785-0453; Fax: 202-785-1487; e-mail: firstname.lastname@example.org; Web site: http://www.nasfaa.org
Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Authoring Institution: N/A