Keywords
higher education
student loan
tuition fee
How to Cite
Abstract
The purpose of this study is to examine the level of knowledge students have pertaining to credits and student loans as well as to what extent differentiated forms of aid affect the educational attainment of various student populations. Higher education fee has increased over time. Consequently, the number of students requiring financial aid in the form of student loans has increased. This study measures the level of knowledge students have about these loans to access whether or not financial knowledge and other demographic information predicts the level of student loan debt. The results indicate that students from provinces are more likely to have higher loan values. Higher reliance on parental support is also related to lower levels of student loans or any other loan obtainment. It is also worth noting that the top 20 percent of student’s tuition fees are financed at the expense of the public budget.
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