College Debt: An Exploratory Study of Risk Factors Among College Freshmen

    Volume 42, No. 1, 2012, p. 16

    By Linda Simpson, Renee Smith, Lisa Taylor, and Julie Chadd

    The goals of this study are to examine the relationships between loan knowledge, money management skills, debt tolerance attitudes, and student income potential to their willingness to incur educational debt at a mid-western university. The current study showed that freshmen students lacked personal and general loan knowledge and had unrealistic expectations of future income at graduation.