College Students' Financial Practices: A Mixed Methods Analysis
undergraduate education, debt, finances, bachelor's degree
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.
Journal of Consumer Education
Family, Home, and Social Sciences
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