ERIC Number: EJ1435181
Record Type: Journal
Publication Date: 2024-Aug
Pages: 24
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-1521-0251
EISSN: EISSN-1541-4167
The Relationship between Financial Stress and College Retention Rates
Kelsie Smathers; Erin Chapman; Nancy Deringer; Terrance Grieb
Journal of College Student Retention: Research, Theory & Practice, v26 n2 p581-604 2024
This study examined the relationship between financial stress and student retention for post-secondary students. Data from 2014 collected at a Pacific Northwest University using The Ohio State's National Student Financial Wellness Study were used to examine the students' reported levels of stress related to finances. Students reported the most financial stress came from their student loan debt. Data analyses showed significance between participants who reported "large" and "extreme" amounts of stress from debt and their decisions to reduce course work, drop out, and/or take a break. Although future research is needed to determine the exact relationship between financial stress and retention rates, it is important to acknowledge that financial stress influences students' educational decisions.
Descriptors: Academic Persistence, College Students, Stress Variables, Student Loan Programs, Debt (Financial), Student Characteristics, Money Management, Student Financial Aid, Student Employment, Family Influence, Credit (Finance), Costs, Career Choice, Academic Degrees, Income
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Ohio
Grant or Contract Numbers: N/A