Date
4-22-2021
Files
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Description
There is a direct relationship between increased levels of a parent's/guardian's (PG) education and increased PG involvement in the student loan process.
- First-generation college students and students whose PG have lower levels of education were more likely to be solely responsible for their student loan applications.
- Increased parental involvement could hinder a student's financial socialization, which can lead to increased debt and decreased savings.
- However, there is no relationship between PG level of education and student loan type and amount.
Future Research: Parent perspectives, institutional variety, policy impacts, etc.
Current Practice: Informational materials, orientation sessions, etc.
Academic Advisor
Graham Hunter
Academic Department(s)
Counselor Education and Human Services
Degree Pursued
Master's
Recommended Citation
Will, Megan J.F., "The Effects of Parental Educational Attainment on Student Loan Debt" (2021). Graduate Student Showcase. 17.
https://ecommons.udayton.edu/grad_showcase/17
Comments
Degree program: Higher Education Administration
Acknowledgment: Thank you so much to Dr. Graham Hunter for his support and guidance during this research process and to Dr. Michele Welkener for her mentorship throughout this graduate school experience. I could not have excelled in this program without them.