FINANCIAL EDUCATION, COLLEGE RETENTION, AND GRADUATION RATES.

This study analyzes the relationship of completion of a college level personal finance course to undergraduate retention and graduation rates. Through the utilization of comparative data, results demonstrated that students who completed the personal finance course had a significantly higher probabil...

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Published in:College Student Journal Vol. 53; no. 4; pp. 479 - 490
Main Authors: EICHELBERGER, BRENDA, GERBING, DAVID, GILLPATRICK, THOMAS
Format: Article
Published: Project Innovation Austin LLC Winter2019
Subjects:
Online Access:View this record in EBSCOhost
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        atl: FINANCIAL EDUCATION, COLLEGE RETENTION, AND GRADUATION RATES.
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          EICHELBERGER, BRENDA
          GERBING, DAVID
          GILLPATRICK, THOMAS
        affil: Portland State University
      su:
        Finance
        College students
        Grade repetition
        Comparative studies
        Demographic surveys
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        subj:
          Finance
          College students
          Grade repetition
          Comparative studies
          Demographic surveys
      ab: This study analyzes the relationship of completion of a college level personal finance course to undergraduate retention and graduation rates. Through the utilization of comparative data, results demonstrated that students who completed the personal finance course had a significantly higher probability of year to year retention and successful degree completion. Research on the effectiveness of financial literacy coursework at the college level has been limited. Without the ability to control a variety of educational and demographic variables we are unable to demonstrate causation but do find significant correlation showing that those who complete a college level personal finance course are more likely to stay in college and complete their degree.
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    language: English
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