Parental Discussion about Personal Finances: Does it Make a Difference in the Amount of Debt Incurred?

Higher education costs have increased substantially over the past two decades and, therefore, student loan debt has increased as well. Studies have shown that one earns more money over one’s lifetime if he/she has a four-year college degree. In fact, it is often substantially more depending upon one...

Full description

Bibliographic Details
Main Author: Nancy C. Deringer
Format: Article
Language:English
Published: University Library System, University of Pittsburgh 2013-03-01
Series:Journal of Youth Development
Online Access:http://jyd.pitt.edu/ojs/jyd/article/view/106
id doaj-2e3d8f29b2664dab9a5d430568173640
record_format Article
spelling doaj-2e3d8f29b2664dab9a5d4305681736402020-11-25T01:31:33ZengUniversity Library System, University of PittsburghJournal of Youth Development2325-40172013-03-0181384610.5195/jyd.2013.10684Parental Discussion about Personal Finances: Does it Make a Difference in the Amount of Debt Incurred?Nancy C. Deringer0University of IdahoHigher education costs have increased substantially over the past two decades and, therefore, student loan debt has increased as well. Studies have shown that one earns more money over one’s lifetime if he/she has a four-year college degree. In fact, it is often substantially more depending upon one’s profession. However, for some individuals, the costs of funding higher education may be confusing and often times overwhelming. A study was completed at a university in the pacific northwest (n=778) which asked college students about their financial behaviors, credit card debt, student loan debt, discussions with parents, and in what topics or workshops they would like more information. Based on this data, faculty and graduate students from the school of family and consumer sciences and staff from the student financial aid office are creating workshops and curriculum to assist students in managing their debt and finances.http://jyd.pitt.edu/ojs/jyd/article/view/106
collection DOAJ
language English
format Article
sources DOAJ
author Nancy C. Deringer
spellingShingle Nancy C. Deringer
Parental Discussion about Personal Finances: Does it Make a Difference in the Amount of Debt Incurred?
Journal of Youth Development
author_facet Nancy C. Deringer
author_sort Nancy C. Deringer
title Parental Discussion about Personal Finances: Does it Make a Difference in the Amount of Debt Incurred?
title_short Parental Discussion about Personal Finances: Does it Make a Difference in the Amount of Debt Incurred?
title_full Parental Discussion about Personal Finances: Does it Make a Difference in the Amount of Debt Incurred?
title_fullStr Parental Discussion about Personal Finances: Does it Make a Difference in the Amount of Debt Incurred?
title_full_unstemmed Parental Discussion about Personal Finances: Does it Make a Difference in the Amount of Debt Incurred?
title_sort parental discussion about personal finances: does it make a difference in the amount of debt incurred?
publisher University Library System, University of Pittsburgh
series Journal of Youth Development
issn 2325-4017
publishDate 2013-03-01
description Higher education costs have increased substantially over the past two decades and, therefore, student loan debt has increased as well. Studies have shown that one earns more money over one’s lifetime if he/she has a four-year college degree. In fact, it is often substantially more depending upon one’s profession. However, for some individuals, the costs of funding higher education may be confusing and often times overwhelming. A study was completed at a university in the pacific northwest (n=778) which asked college students about their financial behaviors, credit card debt, student loan debt, discussions with parents, and in what topics or workshops they would like more information. Based on this data, faculty and graduate students from the school of family and consumer sciences and staff from the student financial aid office are creating workshops and curriculum to assist students in managing their debt and finances.
url http://jyd.pitt.edu/ojs/jyd/article/view/106
work_keys_str_mv AT nancycderinger parentaldiscussionaboutpersonalfinancesdoesitmakeadifferenceintheamountofdebtincurred
_version_ 1725086056142864384