College Student Debt and Anticipated Repayment Difficulty

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dc.contributor.author Fox, Jonathan
dc.contributor.author Bartholomae, Suzanne
dc.contributor.author Letkiewicz, Jodi
dc.contributor.author Montalto, Catherine
dc.contributor.department Human Development and Family Studies
dc.date 2018-02-18T20:32:08.000
dc.date.accessioned 2020-06-30T04:06:29Z
dc.date.available 2020-06-30T04:06:29Z
dc.date.copyright Sun Jan 01 00:00:00 UTC 2017
dc.date.issued 2017-01-01
dc.description.abstract <p>This study analyzes factors associated with anticipated difficulty with repayment of debt accumulated during college using a basic model of credit risk that includes socialization processes influencing college student financial decisions. The empirical analysis uses data from the 2010 Ohio Student Financial Wellness Study. Results provide evidence of male overconfidence in financial decision making, as males are less likely than females to predict repayment difficulties. Socialization process variables, including financial management practices, financial parenting communication, and expected economic returns from education, are strongly associated with anticipated debt repayment difficulty. Inclusion of these process variables in the model results in loss of explanatory power of many of the traditional individual success variables, such as grade point average, and graduation plans.</p>
dc.description.comments <p>this is an article from <em>Journal of Student Financial Aid, (2017); 47(2). 111-135. Posted with permission. </em></p>
dc.format.mimetype application/pdf
dc.identifier archive/lib.dr.iastate.edu/hdfs_pubs/52/
dc.identifier.articleid 1051
dc.identifier.contextkey 10598160
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath hdfs_pubs/52
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/38498
dc.language.iso en
dc.source.bitstream archive/lib.dr.iastate.edu/hdfs_pubs/52/0-GrantedPermission_Request_JStudentFinancialAid.msg|||Sat Jan 15 00:47:07 UTC 2022
dc.source.bitstream archive/lib.dr.iastate.edu/hdfs_pubs/52/2017_BarthomaeS_CollegeStudentDebt.pdf|||Sat Jan 15 00:47:09 UTC 2022
dc.subject.disciplines Family, Life Course, and Society
dc.subject.disciplines Finance
dc.subject.disciplines Higher Education
dc.subject.disciplines Human Ecology
dc.subject.keywords college student debt
dc.subject.keywords student loan default
dc.subject.keywords credit
dc.title College Student Debt and Anticipated Repayment Difficulty
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isOrgUnitOfPublication aa55ac20-60f6-41d8-a7d1-c7bf09de0440
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