Title

College Students' Financial Practices: A Mixed Methods Analysis

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.

Document Type

Peer-Reviewed Article

Publication Date

2006

Publisher

Journal of Consumer Education

Language

English

College

Family, Home, and Social Sciences

Department

Family Life

University Standing at Time of Publication

Full Professor

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