Proposal authors can use this tool to see where they have been placed in the program agenda for an Oral or Poster Session.
Scroll down to search by the Submitter or Author Name, by Date/Time, or by Keywords.
Confirm your place in the schedule by going to the ACCI Presenter Confirm Google Sheet and marking your session with the name and email address of the author who will be attending and presenting. Each presentation must have a separate paid registraint. Contact the ACCI Office immedicately by email at admin@consumerinterests.org to report a conflict or if you have questions. Please be sure to reference the session title(s), date(s), and time(s) if you contact us.
206 The Association of Student Loan Balance and Student-Borrower Financial Stress
Key Words
Student Loans, Student Borrowers, Financial Stress, Higher Education, Mental Health
Short Description
The current study investigates the intersection of student loan borrowing and financial stress experiences of student-borrowers. We ask: Do the majority of college student-borrowers experience a higher level of stress if they have a higher level of student loans? What proportion of student-borrowers experiences a higher level of stress despite having a lower level of student loans? We use data from the Ohio State Study on Collegiate Financial Wellness from February 2020; 9,768 participants, or 32.7% of the sample, were used for the analysis. Preliminary findings show the largest segment of student-borrowers, about 61%, report below-average student-loan debt and above-average stress from debt owed. The next two student-borrower segments are similarly sized: 18.4% have higher student-loan amounts and experience above-average stress levels and the opposite group of 19.1% with below-average student-loan amounts and below-average stress levels. Finally, 1.3% of student-borrowers reported above-average student-loan amounts and below-average debt stress. This exploratory study will assist higher education with identifying student-borrowers that are particularly exposed to financial stress and, in turn, the successful implementation of financial resources for students accumulating debt throughout their degree program using newly available data on student-borrowers.