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G2b Are College Tuition Increases Linked to Student Financial Stress?
Key Words
financial stress, college students, tuition increases
Short Description
This study examines the impact of college tuition increases on enrolled college students’ financial stress. Individual data was drawn from the 2014 National Student Financial Wellness Study and was linked with institutional tuition data from the Integrated Post-secondary Education Data System (IPEDS). The sample for this study is 5,693 emerging adult undergraduate students from 38 public colleges and universities. OLS regression results indicate that tuition increases were initially associated with financial stress (Model 1); however, the effect was explained away by covariates measuring financial literacy (Model 2), individual differences, and family socioeconomic status (Model 3). Implications for future research are discussed.
First & Corresponding Author
Sara Ray, Iowa State University
Authors in the order to be printed
Sara Ray, Rebecca Ray, Clinton Gudmunson, Megan Gilligan, Suzanne Bartholomae