2020/10/12 by Jing Jian Xiao, Nilton Porto, Irene McIvor Mason
Business, Management and Accounting · Economics, Econometrics and Finance · Medicine · Psychology · #Business #College education #Demographic economics #Economic growth #Economics #Finance #Financial Literacy, Pension, Retirement Analysis #Higher education #Housing Market and Economics #Housing, Finance, and Neoliberalism #Loan #Medical education #Medicine #Psychology #Student loan
paper · doi:10.1111/joca.12336
openalex publication_date 2020/10/12 · crossref created 2020/10/12 · crossref issued 2020/10/21 · crossref published 2020/10/21 · crossref published-online 2020/10/21 · crossref published-print 2020/12/01 · crossref deposited 2023/09/03 · openalex created_date 2025/10/10 · crossref indexed 2026/08/03 · openalex updated_date 2026/08/04
Abstract Effective consumer financial education provides relevant information to meet special needs of targeted audiences. The purpose of this study is to examine differences in financial capability among student loan holders who are college students, graduates, and dropouts. Using data from the 2015 U.S. National Financial Capability Study, the results show that student loan holders who have completed their education program have higher scores in all financial capability indicators than college students and dropouts. Further analyses show differences in specific financial knowledge items among college students, graduates, and dropouts. In addition, college graduates are more likely to perform several specific desirable financial behaviors than college students and dropouts. The findings suggest that financial educators should emphasize action taking when they provide financial education for student loan holders who are college students and dropouts.