Purpose: This study investigates how students' propensity towards indebtedness affects their savings behaviour. Additionally, the study examines the moderating role of financial literacy in the relationship between propensity towards indebtedness and savings behaviour. Design/methodology/approach: Questionnaires were administered to undergraduate…

In 2020-2021, 94% of undergraduates in England took out government-backed loans to fund their higher education. The growing and widespread use of student loans in England, mounting student debt, and governments' increasing dependence on tuition fees underwritten by loans to finance public higher education raise important questions which this paper…

Transfer pathways are commonly associated with cost savings to students within the policy world. However, few have ventured to empirically examine whether traveling transfer pathways result in savings for students. Through this article, we report on analyses of this topic drawing on a custom linkage between Toronto District School Board,…

The Master's Loan Scheme in England was initially designed to support widening access to postgraduate education. However, the general increase in the average fees has posed a risk of reducing these schemes' effectiveness in promoting social mobility, especially for debt adverse students. We use a multidisciplinary framework to build a model of…

This article will explain how a series of educator strikes in 2022 in Ghana led to increased awareness of and calls for tax justice and debt relief from a growing movement of public sector workers and civil society organisations. We chart how the issues and demands of teacher organisations and other public sector workers shifted and increased over…

Purpose: To identify the financial stress and associate factors of tertiary level student. Design/methodology/approach: To identify the financial stress and associate factors, a structured questionnaire was developed to collect data from 571 students of different universities of Bangladesh through Google form. Chi square and Cramer's "V"…

Due to the increased financial pressure--exacerbated by the COVID-19 pandemic--that students in higher education need to endure, considerable attention is being drawn towards the determinants of student financial anxiety. A conflicting picture has been captured about financial literacy, which has been shown to either be associated with better…

This study aims to investigate the mediating effect of self-esteem in the path from the burden of debt to job-search behavior among South-Korean low-income youths under a economic recession. Using data from the Second Panel Study on the Participants of the Youth Hope Growing Account (YHGA) program in Korea, this study tested a theoretical model…

Universities actively promote themselves to potential students, control admissions and deliver programs of study. For most students globally, there are financial costs to attending university. At the extreme end of failure are students who receive 'zero-fails': they enrol, do not submit any assessments, and receive a mark of 0 out of 100. A…

Recent research on vocational training in the global South suggests training may have the effect of unrealistically inflating trainee expectations of remunerative employment and upward social mobility. These studies, however, have focused almost exclusively on training for formal sector employment. The present paper, by contrast, explores how…

Purpose: This study examines the relationship between financial literacy and risk-taking behavior in the stock market for both graduates and undergraduates. Design/methodology/approach: This study conducted two surveys on two groups: graduates and undergraduates. The questionnaires were sent to the two groups via "Google Form". The…

Increased reliance on student loans to finance higher education (HE) raises concerns about unequal access and repayment burdens. However, who borrows and what motivates students and parents to borrow remain unclear. A longitudinal survey tracked parents and students from high school into their early career to explore the effects of socioeconomic…

In Australia, a range of financial services, including education bonds, high interest personal loans and credit card debt, have long been used to help families pay for the cost of schooling. However, innovative financial technology (fintech) solutions are emerging which align with the growth of a lower risk 'buy now, pay later' phenomenon.…

University students are potential customers of peer-to-peer (P2P) lending and pawnbroking services. However, the existing literature has primarily underestimated such borrowers' opinions of these services, especially from a comparative standpoint. In addition, previous studies have also neglected the implications for personal financial and…

In this dissertation, I quantify the impact of uncertainty on schooling postsecondary choices, study the returns to higher education degrees, and analyze the effects of policies that intend to reduce college education costs. In the second and third chapters, I employ structural Roy models and data from the National Longitudinal Survey of Youth…