College Students' Financial Practices: A Mixed Methods Analysis

Authors

Frances C. Lawrence, Louisiana State University
Brenda J. Cude, University of Georgia
Angela C. Lyons, University of Illinois at Urbana-Champaign
Loren Marks, Brigham Young University - ProvoFollow
Krisanna Machtmes, Louisiana State University

Keywords

undergraduate education, debt, finances, bachelor's degree

Abstract

Rising college costs, increased credit card usage, and dramatic growth in the amount students are borrowing to finance their education have generated concern that students are becoming over-indebted and putting themselves at long-run financial risk. According to the U.S. Department of Education (Choy & Li, 2005), the percentage of bachelor's degree recipients who had borrowed form any source to finance their undergraduate education increased from 49% in 1992-93 to 65% in 1999-2000. Among borrowers, the average amount borrowed increased form $12,100 (in constant 1999 dollars) to $19,300.

Original Publication Citation

Lawrence, F., Cude, B., Lyons, A., Marks, L., & Machtmes, K. (2006). College students’ financial practices: A mixed methods analysis. Journal of Consumer Education, 23, 13-26.

BYU ScholarsArchive Citation

Lawrence, Frances C.; Cude, Brenda J.; Lyons, Angela C.; Marks, Loren; and Machtmes, Krisanna, "College Students' Financial Practices: A Mixed Methods Analysis" (2006). Faculty Publications. 4896.
https://scholarsarchive.byu.edu/facpub/4896

Document Type

Peer-Reviewed Article

Publication Date

2006

Permanent URL

http://hdl.lib.byu.edu/1877/7700

Publisher

Journal of Consumer Education

Language

English

College

Family, Home, and Social Sciences

Department

Family Life

University Standing at Time of Publication

Full Professor

Copyright Use Information

http://lib.byu.edu/about/copyright/