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ERIC Number: EJ1064100
Record Type: Journal
Publication Date: 2014
Pages: 10
Abstractor: As Provided
Reference Count: 65
ISBN: N/A
ISSN: ISSN-0271-9517
Advising Financially At-Risk Students: Detecting and Addressing Premature Affluence
Shaffer, Leigh S.
NACADA Journal, v34 n2 p32-41 2014
Academic advisors likely will encounter financially at-risk (FAR) students who jeopardize their chances of completing a college education and compromise their economic futures by accruing burdensome debt. Students may use loans and credit cards to pay for the necessities of a college education, but many also generate personal debt by financing nonessentials while attending college; that is, they borrow to enjoy an expensive lifestyle that they cannot sustain after graduation while living independently. The article traces the history of premature affluence, articulates the borrowing practices that make FAR students susceptible to dropping out of college, and describes the boomerang generation. It concludes with suggestions for detecting FAR students and ways advisors can help all undergraduates make responsible financial decisions.
National Academic Advising Association. NACADA Executive Office, Kansas State University, 2323 Anderson Avenue Suite 225, Manhattan, KS 66502-2912. Tel: 785-532-5717; Fax: 785-532-7732; e-mail: nacada@ksu.edu; Web site: http://www.nacada.ksu.edu
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A