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.
Counselor Education and Human Services
Will, Megan J.F., "The Effects of Parental Educational Attainment on Student Loan Debt" (2021). Graduate Student Showcase. 17.