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2022 Annual Conference

May 19–21, 2022

Sheraton Sand Key, Clearwater Beach, FL, US

Proposal authors can use this tool to see where they have been placed in the program agenda for an Oral or Poster Session.

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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.

C3c Predictors of Holding Student Loans and Receiving Government Assistance

Friday, May 20, 2022 at 10:45 AM–12:15 PM EDT
Room 3
Key Words

Economic Policy, Economic Vulnerability, Financial Education, Government Assistance, Student Loan Debt

Short Description

Using data from the 2018 FINRA Investor Education Foundation’s National Financial Capability Study (NFCS), the purpose of this study was to explore socio-economic differences in four groups of individuals: 1) those who hold no student loans and do not receive government assistance (secure individuals), 2) those who have student loans but are not receiving government assistance (student loaners), 3) those who are receiving government assistance but do not hold student loans (reliant individuals), and 4) those who both have student loans and are receiving government assistance (reliant loaners). Our research questions include what are demographic and individual characteristics of these four groups, what are the predictors of the probability of being in each of these groups, and which group appears to be the most economically vulnerable. We found that while individuals in both the reliant individuals and reliant loaners group are below poverty rates to a degree that qualifies them for government assistance, measures of economic vulnerability were more likely to significantly increase the probability of belonging to the reliant individuals group than to increase the probability of belonging to the reliant loaners group.

Submitter

Yoon Lee, Utah State University

Authors

Yoon Lee, Utah State University
Heather Kelley, Utah State University
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