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Journal of Student Financial Aid
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Financially At-Risk College Students: An Exploratory Investigation of Student Loan Debt and Prioritization of Debt Repayment
Vol. 36, No. 2, 2006 p. 22
by Mary Beth Pinto and Phylis M. Mansfield
College students today face heavy student loan debt that is intensified
by the amount of credit card debt they carry. This study
provides a profile of financially at-risk students based on their
credit card usage behavior. When compared to the non-financially
at-risk students, those in the financially at-risk group were found
to have higher student loan balances, both currently and expected
at graduation. In addition, if forced to prioritize debt repayment
after graduation, students in the financially at-risk group indicated
they would pay their credit card bills before making their
student loan payments.