Debt or low-wage work: exploring a theory of 'under-borrowing' to explain student decision-making towards funding postsecondary education
| Author(s) | Blakeney, Alysa | |
| Date Accessioned | 2023-03-27T13:35:54Z | |
| Date Available | 2023-03-27T13:35:54Z | |
| Publication Date | 2022 | |
| SWORD Update | 2023-02-14T17:09:02Z | |
| Abstract | This dissertation seeks to examine the prevalence and extent of the phenomenon of “under-borrowing:” postsecondary undergraduate students who choose to fund their education through working 20+ hours a week at low-wage employment rather than taking out federal student loans. A theory of under-borrowing was developed, followed by development and administration of a survey at two institutes of higher education. It was found that current under-borrowing behavior was exhibited by between 12% and 20% of participants. ☐ Financial literacy of survey participants was assessed through the use of Item Response Theory modeling, and was found to not have a statistically significant relationship with high school financial education mandates or under-borrowing behavior. Additional analysis of the FINRA Investor Education Foundation’s National Financial Capability Study suggested that required financial education may improve financial literacy and postsecondary funding decision-making. | |
| Advisor | May, Henry | |
| Degree | Ph.D. | |
| Department | University of Delaware, Department of Economics | |
| Department | University of Delaware, School of Education | |
| DOI | https://doi.org/10.58088/cyn5-n751 | |
| Unique Identifier | 1374061627 | |
| URL | https://udspace.udel.edu/handle/19716/32572 | |
| Language | en | |
| Publisher | University of Delaware | |
| URI | https://login.udel.idm.oclc.org/login?url=https://www.proquest.com/dissertations-theses/debt-low-wage-work-exploring-theory-under/docview/2778455667/se-2?accountid=10457 | |
| Keywords | Under-borrowing | |
| Keywords | Postsecondary undergraduate students | |
| Keywords | Low-wage employment | |
| Title | Debt or low-wage work: exploring a theory of 'under-borrowing' to explain student decision-making towards funding postsecondary education | |
| Type | Thesis |