Does Looking for Help Matter? The Relationship Between Information Sources and Borrowing Decision Factors in Student Loan Decisions

Bibliographic Details
Main Author:	Hawkins, Whitney Nicole
Language:	English
Published:	The Ohio State University / OhioLINK 2017
Subjects:	Higher Education Higher Education Administration Education Education Finance Education Policy School Counseling Student loans Financial aid Student loan decisions Debt Education debt Student affairs College financing Borrowing decisions Information sources Borrowing decision factors Study on Collegiate Financial Wellness Help seeking
Online Access:	http://rave.ohiolink.edu/etdc/view?acc_num=osu1492421762767966

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spelling	ndltd-OhioLink-oai-etd.ohiolink.edu-osu14924217627679662021-08-03T07:01:44Z Does Looking for Help Matter? The Relationship Between Information Sources and Borrowing Decision Factors in Student Loan Decisions Hawkins, Whitney Nicole Higher Education Higher Education Administration Education Education Finance Education Policy School Counseling Student loans Financial aid Student loan decisions Debt Education debt Student affairs College financing Borrowing decisions Information sources Borrowing decision factors Study on Collegiate Financial Wellness Help seeking <p>America’s total educational debt recently surpassed the $1.3 trillion mark, concerning students, educators, and policymakers alike. Most research on student loans focuses on either the pre-college phase, examining how students develop an understanding of and attitude toward debt, or the post-college phase, when they have completed their education and are dealing with the lump-sum implications of the borrowing decisions they have made. Few studies have considered the decision-making process itself, even though most students will make dozens of individual borrowing choices during their educational journey.</p><p>This study uses a series of binary logistic regression models to explore the relationship between the sources of information students consult when making choices about loans and the borrowing decision factors they. It finds that students who consult parents, financial aid counselors, themselves, or the internet are significantly more likely to use budgets, to borrow as little as possible, to think about their total debt at graduation, and to think about the amounts they have borrowed in the past, while controlling for selected academic, demographic, and socioeconomic variables. Because students who sought advice about loans made more considered borrowing decisions, institutions of higher education should do more to encourage and facilitate these types of conversations.</p> 2017-09-01 English text The Ohio State University / OhioLINK http://rave.ohiolink.edu/etdc/view?acc_num=osu1492421762767966 http://rave.ohiolink.edu/etdc/view?acc_num=osu1492421762767966 unrestricted This thesis or dissertation is protected by copyright: all rights reserved. It may not be copied or redistributed beyond the terms of applicable copyright laws.
collection	NDLTD
language	English
sources	NDLTD
topic	Higher Education Higher Education Administration Education Education Finance Education Policy School Counseling Student loans Financial aid Student loan decisions Debt Education debt Student affairs College financing Borrowing decisions Information sources Borrowing decision factors Study on Collegiate Financial Wellness Help seeking
spellingShingle	Higher Education Higher Education Administration Education Education Finance Education Policy School Counseling Student loans Financial aid Student loan decisions Debt Education debt Student affairs College financing Borrowing decisions Information sources Borrowing decision factors Study on Collegiate Financial Wellness Help seeking Hawkins, Whitney Nicole Does Looking for Help Matter? The Relationship Between Information Sources and Borrowing Decision Factors in Student Loan Decisions
author	Hawkins, Whitney Nicole
author_facet	Hawkins, Whitney Nicole
author_sort	Hawkins, Whitney Nicole
title	Does Looking for Help Matter? The Relationship Between Information Sources and Borrowing Decision Factors in Student Loan Decisions
title_short	Does Looking for Help Matter? The Relationship Between Information Sources and Borrowing Decision Factors in Student Loan Decisions
title_full	Does Looking for Help Matter? The Relationship Between Information Sources and Borrowing Decision Factors in Student Loan Decisions
title_fullStr	Does Looking for Help Matter? The Relationship Between Information Sources and Borrowing Decision Factors in Student Loan Decisions
title_full_unstemmed	Does Looking for Help Matter? The Relationship Between Information Sources and Borrowing Decision Factors in Student Loan Decisions
title_sort	does looking for help matter? the relationship between information sources and borrowing decision factors in student loan decisions
publisher	The Ohio State University / OhioLINK
publishDate	2017
url	http://rave.ohiolink.edu/etdc/view?acc_num=osu1492421762767966
work_keys_str_mv	AT hawkinswhitneynicole doeslookingforhelpmattertherelationshipbetweeninformationsourcesandborrowingdecisionfactorsinstudentloandecisions
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Does Looking for Help Matter? The Relationship Between Information Sources and Borrowing Decision Factors in Student Loan Decisions

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