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ERIC Number: EJ1070810
Record Type: Journal
Publication Date: 2008
Pages: 8
Abstractor: ERIC
ISSN: ISSN-1052-3073
HOPE or No-HOPE: Merit-Based College Scholarship Status and Financial Behaviors among College Students
Goetz, Joseph W.; Mimura, Yoko; Desai, Miti P.; Cude, Brenda J.
Journal of Financial Counseling and Planning, v19 n1 p12-19 2008
The current study explored differences in financial behaviors between college students in Georgia who retained the merit-based HOPE Scholarship and those who lost it. Logistic regression was used to analyze data from a sample of 557 undergraduate students from a large southeastern university. Students who initially had HOPE Scholarships but lost them were less likely to have used recommended financial management practices and had higher credit card as well as student loan debt than students who retained HOPE Scholarships. The results suggest that students who had lost the HOPE Scholarship may be more financially vulnerable than initially expected, particularly given their higher levels of debt and maladaptive financial management practices.
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Georgia
Grant or Contract Numbers: N/A