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ERIC Number: EJ1060315
Record Type: Journal
Publication Date: 2010-Apr
Abstractor: As Provided
Reference Count: 13
An Examination of Business Students' Student Loan Debt and Total Debt
Kuzma, Ann T.; Kuzma, John R.; Thiewes, Harold F.
American Journal of Business Education, v3 n4 p71-78 Apr 2010
Under the current economic environment and its high levels of unemployment, many people are turning to university education to attain higher education or simply to upgrade their skills and avoid continued unemployment. This paper examines student workloads, debt levels, and the debt perceptions of junior- and senior-level College of Business students at a Midwestern state university during the current economic downturn. The paper also examines factors that influence the level of student debt such as semester credit load taken, employment and family assistance. Overall, the students felt confident in securing employment upon graduation and in managing their debt load. Results of regression analyses indicated that expected salary was significantly influenced by this confidence. Additionally, students' confidence in their employment prospects and debt management abilities, and their belief that debt would impact their future lifestyles, were significantly related to student debt levels.
Descriptors: Debt (Financial), Student Loan Programs, Economic Impact, Student Employment, Parent Financial Contribution, Regression (Statistics), Student Attitudes, Self Efficacy, Credit (Finance), Undergraduate Students, Financial Support, Working Hours, Money Management, Expectation, Educational Benefits, Salary Wage Differentials, Performance Factors, Student Surveys
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Authoring Institution: N/A