Welcome to the 2018 AFS Annual Meeting, being held this year, in conjunction with FPA in Chicago!
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Wednesday, October 3 • 3:30pm - 4:30pm
I1b - Student Loans and Financial Satisfaction: The Moderating Role of Financial Education

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We examined the association between holding a student loan and financial satisfaction and the moderating role of financial education using the 2015 National Financial Capability Study dataset. Households that hold a student loan had a lower level of financial satisfaction than did those without a student loan. We found a moderating role of receiving both formal and informal financial education on the relation between student loan and financial satisfaction regardless of for whom they took the loan. Our findings confirmed the importance of financial education and suggest that receiving a thorough combination of formal and informal education will improve student loan holders’ financial satisfaction.

Author(s): Kyoung Tae Kim, Jonghee Lee, Jae Min Lee

avatar for Jae Min Lee

Jae Min Lee

Associate Professor, Minnesota State University, Mankato

Wednesday October 3, 2018 3:30pm - 4:30pm CDT
Michigan 1A

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