Does Teaching Amortization Tables Affect Student Loan Repayment Choices?

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dc.contributor.advisorNovak, Matthew
dc.contributor.advisorWoodell, Andria
dc.contributor.authorLugtu, Alma
dc.date.accessioned2021-07-27T16:52:05Z
dc.date.available2021-07-27T16:52:05Z
dc.date.issued2021
dc.description1 page.
dc.description.abstractAs of 2020, student loan debt in the United States has grown to approximately $1.6 trillion. Private companies, non-profits, and governmental agencies have created different programs in an attempt to reduce these debt burdens. Personal finance education is a key component in combating this problem, and amortization tables are a fundamental tool to understanding debt. A survey of financial education programs indicate they do not emphasize teaching amortization tables. This study shows that teaching amortization tables caused a statistically significant change in behavior among participants. Participants made positive changes regarding student loan repayment choices and learned how to understand the amount of monthly and total interest paid on a student loan.en_US
dc.format.mimetypeapplication/pdf
dc.identifier.orcid0000-0002-3030-0552
dc.identifier.urihttps://hdl.handle.net/1794/26444
dc.language.isoen_US
dc.publisherUniversity of Oregon
dc.rightsCC BY-NC-ND 4.0
dc.subjectamortization tableen_US
dc.subjectloan tableen_US
dc.subjectstudent loanen_US
dc.subjectstudent debten_US
dc.subjectfinancial educationen_US
dc.titleDoes Teaching Amortization Tables Affect Student Loan Repayment Choices?
dc.typePresentation

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