Title

The Effects of Parental Educational Attainment on Student Loan Debt

Authors

Megan J.F. Will, University of DaytonFollow

Date

4-22-2021

Files

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

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.

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