Date of Award
Doctor of Education (Ded)
Professional Studies in Education
David M. Piper, D.Ed.
Cathy C. Kaufman, Ph.D.
Kelli R. Paquette, Ed.D.
This mixed-method study investigates the level of financial literacy in junior and senior-level college students and the effect on subsequent student debt. Two-hundred-fifty-four junior and senior level students at Indiana University of Pennsylvania were surveyed using the Jump$tart Coalition® for Personal Financial Literacy college survey and seven students participated in a focus group session. Analysis of this research determined that level of financial literacy is not an effective predictor for student debt. A Chi-squared Automatic Interaction Detection (CHAID) technique revealed that it is the interaction of multiple factors, first-generation status, parent income, and student major, which more accurately reflected a student more likely to incur student debt.
McCarthy, Patricia Curran, "Today's College Student: Measuring the Effectiveness of Financial Literacy Education and Effect on Subsequent Student Debt" (2015). Theses and Dissertations. 943.