ERIC Number: EJ978888
Record Type: Journal
Publication Date: 2012
Pages: 21
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-1043-7797
EISSN: N/A
Debt Burdens among MSW Graduates: A National Cross-Sectional Study
Yoon, Intae
Journal of Social Work Education, v48 n1 p105-125 Win 2012
Cross-sectional data reveal alarming financial situations among 2009 MSW graduates from 25 states and their loan decisions (N=260). More than a quarter of the participants owe at least $40,000 in educational loans from their MSW degree, and 30% borrowed at least $30,000 of their total college education debt. Expensive credit cards are used more commonly than any private educational loan to finance their professional education, and a quarter of all participants have at least a $500 monthly payment obligation to the plastic money. Thus, 31% of the participants are either very or extremely burdened by noneducational loans even before they have educational loan repayment obligations. This study suggests individual, discipline- specific, and public interventions to promote their financial well- being. (Contains 2 tables and 2 figures.)
Descriptors: National Surveys, Graduate Surveys, Financial Problems, Debt (Financial), Loan Repayment, Paying for College, Intervention, Financial Services, Well Being, Questionnaires, Federal Programs, Federal Regulation, Federal Aid, Social Work, Likert Scales, Mail Surveys, Tuition, Scholarship, Grants, Performance Factors, Money Management, Academic Achievement
Council on Social Work Education. 1725 Duke Street Suite 500, Alexandria, VA 22314. Tel: 703-683-8080; Fax: 703-683-8099; e-mail: info@cswe.org; Web site: http://www.cswe.org/
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