Beyond Financial Need: Predictors of Student Loans and Student Loan Attitudes

Although public concern about student loan debt has been increasing, little research has examined predictors of debt beyond financial need or demographic factors. The present study explored the role of several psychological and attitudinal variables in student loan debt among 189 college students. R...

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Published in:The Journal of student financial aid 2016-01, Vol.46 (3)
Main Authors: Norvilitis, Jill M, Batt, Meghan J
Format: Article
Language:English
Subjects:
College Students
Correlation
Debt (Financial)
Delay of Gratification
Likert Scales
Locus of Control
Need Analysis (Student Financial Aid)
Parent Influence
Paying for College
Predictor Variables
Program Attitudes
Psychological Characteristics
Regression (Statistics)
Social Status
Student Attitudes
Student Loan Programs
Student Surveys
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container_title The Journal of student financial aid
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creator Norvilitis, Jill M
Batt, Meghan J
description Although public concern about student loan debt has been increasing, little research has examined predictors of debt beyond financial need or demographic factors. The present study explored the role of several psychological and attitudinal variables in student loan debt among 189 college students. Results indicate that loan initiative and loan resignation attitudes predicted level of student loan debt. In addition, locus of control, delay of gratification, and social comparison are also related to loans and loan attitudes. Parental instruction marginally predicted loan attitudes, but not loan totals. Overall, these results suggest the need to consider non-need based factors when counseling students about accepting loans.
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source Freely Accessible Social Science Journals
subjects College Students
Correlation
Debt (Financial)
Delay of Gratification
Likert Scales
Locus of Control
Need Analysis (Student Financial Aid)
Parent Influence
Paying for College
Predictor Variables
Program Attitudes
Psychological Characteristics
Regression (Statistics)
Social Status
Student Attitudes
Student Loan Programs
Student Surveys
title Beyond Financial Need: Predictors of Student Loans and Student Loan Attitudes
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