ERIC Number: EJ1065564
Record Type: Journal
Publication Date: 2015
Abstractor: As Provided
Students' Concern about Indebtedness: A Rank Based Social Norms Account
Aldrovandi, Silvio; Wood, Alex M.; Maltby, John; Brown, Gordon D. A.
Studies in Higher Education, v40 n7 p1307-1327 2015
This paper describes a new model of students' concern about indebtedness within a rank-based social norms framework. Study 1 found that students hold highly variable beliefs about how much other students will owe at the end of their degree. Students' concern about their own anticipated debt--and their intention of taking on a part-time job during term time--was best predicted not by the size of the anticipated debt, but by how they, often incorrectly, believed their debt ranked amongst that of others. Study 2 manipulated hypothetical debt amounts experimentally and found that the same anticipated debt was rated as 2.5 times more concerning when it ranked as the second highest being considered than when it was the fifth highest. Study 3 demonstrated that the model applies to evaluation of different types of debt (income contingent loans versus general debt).
Descriptors: Foreign Countries, Debt (Financial), Student Attitudes, Context Effect, Behavior Standards, Social Attitudes, Sampling, Undergraduate Students, Questionnaires, Statistical Analysis, Regression (Statistics)
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Authoring Institution: N/A
Identifiers - Location: United Kingdom
Grant or Contract Numbers: N/A