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The overall purpose of this study is to analyze the influence of selected sociodemographic variables and students' knowledge about their educational loans on the amount of total debt. The specific objectives were to: (1) ascertain students' perception of knowledge about their student loans, as well as their actual knowledge about various aspects of their student loans including: when they first borrowed, interest rate, grace period, when payment will begin, amount of monthly payment, and their overall self-reported level of knowledge; and (2) ascertain the relationship between students' sociodemographic characteristics and level of knowledge on total debt.
Hira et al. (Wed,) studied this question.