Self-Leadership, Financial Self-Efficacy, and Student Loan Debt

Authors

• Mackenzie M. Festa
• Kevin G. Knotts, Marshall UniversityFollow

Document Type

Article

Publication Date

9-2021

Abstract

Self-leadership examines how individuals can motivate themselves through behavior focused strategies, constructive thought patterns, and natural reward strategies. This study examined the potential influence of self-leadership on financial self-efficacy, credit card debt, and student loan debt among college students. Data were collected from a survey of 197 graduate and undergraduate students at a major Midwestern university. The findings suggest students higher in self-leadership tend to have lower student loan debt. Additionally, financial self-efficacy and credit card debt mediate the relationship between self-leadership and student loan debt. The results have implications for the role self-leadership plays in credit card debt, financial self-efficacy, and student loan debt.

Comments

©2021 Association for Financial Counseling and Planning Education®  http://dx.doi.org/10.1891/JFCP-18-00054

Recommended Citation

Festa, M. M., & Knotts, K. G. (2021). Self-Leadership, Financial Self-Efficacy, and Student Loan Debt. Journal of Financial Counseling and Planning, 32(2), 242-251.