Authors

Jill M. Norvilitis, Buffalo State CollegeFollow
Meghan J. Batt, Buffalo State CollegeFollow

Beyond Financial Need: Predictors of Student Loans and Student Loan Attitudes

Short Title

Predictors of Student Loans

Abstract

Although public concern about student loan debt has been increasing, little research has examined predictors of debt beyond financial need or demographic factors. The present study explored the role of several psychological and attitudinal variables in student loan debt among 189 college students. Results indicate that loan initiative and loan resignation attitudes predicted level of student loan debt. In addition, locus of control, delay of gratification, and social comparison are also related to loans and loan attitudes. Parental instruction marginally predicted loan attitudes, but not loan totals. Overall, these results suggest the need to consider non-need based factors when counseling students about accepting loans.

Recommended Citation

Norvilitis, Jill M. and Batt, Meghan J. (2016) "Beyond Financial Need: Predictors of Student Loans and Student Loan Attitudes," Journal of Student Financial Aid: Vol. 46 : Iss. 3 , Article 4.
DOI: https://doi.org/10.55504/0884-9153.1574
Available at: https://ir.library.louisville.edu/jsfa/vol46/iss3/4