Biblioteca Digital de VanguardiaDebt and its use among Puerto Rican undergraduate students
Student debt in the United States has been quickly increasing during the past decade. As to the first quarter of 2014, the student loan debt surpassed credit cards debt and auto loans. Puerto Rico ranks #17 by total debt among the United States and territories. Nonetheless, s...
| Autores principales: | , , |
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| Formato: | artículo científico |
| Lenguaje: | Inglés |
| Publicado: |
Centro de Investigaciones Comerciales e Iniciativas Académicas
2015
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| Acceso en línea: | http://www.redalyc.org/articulo.oa?id=63158923003 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/50543 |
| _version_ | 1782338260799848448 |
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| author | Alice Abboud Chalhoub Cristal Matos Corporán Marisela Santiago Castro |
| author_facet | Alice Abboud Chalhoub Cristal Matos Corporán Marisela Santiago Castro |
| author_sort | Alice Abboud Chalhoub |
| collection | Repositorio |
| description | Student debt in the United States has been quickly increasing during the past decade. As to the first quarter of 2014, the student loan debt surpassed credit cards debt and auto loans. Puerto Rico ranks #17 by total debt among the United States and territories. Nonetheless, students in Puerto Rico have an average of $18,000 of student debt,positioning it at the lowest rank by average debt. This paper explores the debt phenomena among Puerto Rican undergraduate students. Specifically, we want to determine if students have debt, and if so, what type and how they spend it. A sample of 194 undergraduate students from a School of Business at a public higher education institution of Puerto Rico was surveyed. Results indicate that 28% of business students have debt. Female students were more susceptible to have debt. Furthermore, top expenses covered by debt are food, education, car expenses, clothing, and entertainment. The results reveal that 90 percent is not receiving counseling about debt management from the financial aid office. From those receiving the financial advising (10 percent), only 2 percent perceive it as useful. These results provide an exploratory look into the debt and its use among Puerto Rican undergraduate students. |
| format | artículo científico |
| id | clacso-CLACSO50543 |
| institution | CLACSO, Repositorio Digital |
| language | Inglés |
| publishDate | 2015 |
| publisher | Centro de Investigaciones Comerciales e Iniciativas Académicas |
| record_format | greenstone |
| spelling | clacso-CLACSO505432022-03-17T18:05:18Z Debt and its use among Puerto Rican undergraduate students Alice Abboud Chalhoub Cristal Matos Corporán Marisela Santiago Castro Administración y Contabilidad Student debt loans credit cards Puerto Rico undergraduate students Student debt in the United States has been quickly increasing during the past decade. As to the first quarter of 2014, the student loan debt surpassed credit cards debt and auto loans. Puerto Rico ranks #17 by total debt among the United States and territories. Nonetheless, students in Puerto Rico have an average of $18,000 of student debt,positioning it at the lowest rank by average debt. This paper explores the debt phenomena among Puerto Rican undergraduate students. Specifically, we want to determine if students have debt, and if so, what type and how they spend it. A sample of 194 undergraduate students from a School of Business at a public higher education institution of Puerto Rico was surveyed. Results indicate that 28% of business students have debt. Female students were more susceptible to have debt. Furthermore, top expenses covered by debt are food, education, car expenses, clothing, and entertainment. The results reveal that 90 percent is not receiving counseling about debt management from the financial aid office. From those receiving the financial advising (10 percent), only 2 percent perceive it as useful. These results provide an exploratory look into the debt and its use among Puerto Rican undergraduate students. 2015 2022-03-17T18:05:18Z 2022-03-17T18:05:18Z artículo científico http://www.redalyc.org/articulo.oa?id=63158923003 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/50543 en http://www.redalyc.org/revista.oa?id=631 Forum Empresarial application/pdf Centro de Investigaciones Comerciales e Iniciativas Académicas Forum Empresarial (Puerto Rico) Num.1.1 Vol.3 |
| spellingShingle | Administración y Contabilidad Student debt loans credit cards Puerto Rico undergraduate students Alice Abboud Chalhoub Cristal Matos Corporán Marisela Santiago Castro Debt and its use among Puerto Rican undergraduate students |
| title | Debt and its use among Puerto Rican undergraduate students |
| title_full | Debt and its use among Puerto Rican undergraduate students |
| title_fullStr | Debt and its use among Puerto Rican undergraduate students |
| title_full_unstemmed | Debt and its use among Puerto Rican undergraduate students |
| title_short | Debt and its use among Puerto Rican undergraduate students |
| title_sort | debt and its use among puerto rican undergraduate students |
| topic | Administración y Contabilidad Student debt loans credit cards Puerto Rico undergraduate students |
| url | http://www.redalyc.org/articulo.oa?id=63158923003 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/50543 |