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ERIC Number: EJ1152788
Record Type: Journal
Publication Date: 2017
Pages: 8
Abstractor: As Provided
ISSN: ISSN-0146-3934
The Relationship of Student Loan and Credit Card Debt on Financial Satisfaction of College Students
Solis, Oscar; Ferguson, Ralph
College Student Journal, v51 n3 p329-336 Fall 2017
The cost of higher education at both public and private institutions is increasing and adversely affecting college students (College Board, 2009; Idemudia & Ferguson, 2014a, 2014b, 2015a, 2015b). Utilizing an institutional dataset called Financial Survey of Students 2006 compiled at one of the largest public universities in the southwestern United States, this study examined financial satisfaction among an undergraduate student population using logistic regression. The sample size was 1,498 undergraduate students. The analysis indicated that the probability for financial dissatisfaction increased when students held student loan and credit card debt. Understanding the financial satisfaction of college students can help improve the efforts of university administrators and educators.
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A