Issues regarding the steadily rising cost of college education, especially among disadvantaged college students, have gained enormous attention among scholars due to the recent global financial crisis. This has led government and colleges to outline financial literacy empowerment initiatives. With an emphasis on financial literacy and education,…

This dissertation consists of three independent chapters in applied microeconomics. In the first chapter, I study the causal effect impact of early life circumstances on adult psychological well-being using the property reform in China as a positive and policy driven change in economic resources in early life. Exploiting the staggered adoption of…

Chapter 1 investigates asks the question how do financial frictions affect the type of human capital investments that students make in college? To study this question, I build a novel dataset covering more than 700,000 U.S. students, merging commencement records with address histories, credit bureau records, and professional resumes. I document…

Many college students struggle financially, and student debt continues to grow in the United States. Students that complete a degree can have high monthly student loan payments, and those that do not complete a degree can struggle financially even more. There is a growing amount of research examining methods to reduce these financial challenges.…

The purpose of this dissertation research was to understand the perceptions of secondary social science education teachers on teaching financial literacy to secondary education students. To achieve this overall objective, the following research question framed this study: What perceptions do secondary social science teachers have towards the need…

Since the turn of the 21st century, going to college has become increasingly financially difficult in the United States. Tuition prices continued to rise, state funding for higher education declined, and the mean family income declined or stagnated for all but the top 20 percent of families (Goldrick-Rab 2016). In a period where college has risen…

Today 17 elite private colleges in the U.S. have offered no-loan policies, which replace student loans with grants, scholarships and/or work-study in the financial aid packages awarded to all undergraduate students eligible for financial aid. Generally, the goal of these policies is to increase the socioeconomic diversity of campuses and to reduce…

Purpose: This purpose of this correlational study using Joo's (2008) financial wellness framework was to determine the impact of an online financial literacy workshop on student subjective knowledge, dependent on indicators of stress, behavior, and objective knowledge, when controlling for demographic differences at a large public university.…

The microfinance industry provides financial services to the world's poor in hopes of moving individuals and families out of poverty. This dissertation document suggests that information and communication technologies (ICTs) are changing the microfinance industry, especially given recent advancements in mobile banking, Internet usage and…

Data security breaches are categorized as loss of information that is entrusted in an organization by its customers, partners, shareholders, and stakeholders. Data breaches are significant risk factors for companies that store, process, and transmit sensitive personal information. Sensitive information is defined as confidential or proprietary…

This qualitative phenomenological study engaged 20 young, low-income credit union members who participated in financial education classes at Denver Community Credit Union. The study explored learning experiences that generated changes in money management behaviors and sought evidence of transformational learning in a nonformal education setting.…

Few students leave college with a plan for paying off their debt. Starting a career inundated with student loans and credit card debt burdens is a reality many college students face today. In the wake of graduation coming to terms with the consequences of credit card debt is stressful for many students. This dissertation observes the relationship…

Most microcredit institutions focus on giving out credit to their clients with the assumption that these clients have the capacity and ability to manage the credit efficiently and the human capital to operate efficiently. There is evidence to show that most women in the Savelugu/Nanton district of Ghana have access to credit but lack the…

College students who are unprepared for financial decision making may make risky decisions such as compulsive spending and debt accumulation. Financial stress impacts both academic achievement and retention. The current literature addresses the deficiency college students have when making financially responsible decisions, but little is mentioned…

The granting of credit is a necessary risk of doing business. If companies only accepted cash, sales would be negatively impacted. In a perfect world, all consumers would pay their bills when they become due. However, the fact is that some consumers do default on debt. Companies are willing to accept default risk because the value of defaults does…