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Consumer Credit Use of Undergraduate, Graduate and Postgraduate Students: An Application of the Theory of Planned Behaviour

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  • J. Cloutier

    (Laval University)

  • A. Roy

    (Laval University)

Abstract

Indebtedness among university students is a recurring problem that needs to be addressed. Previous studies have illustrated the situation regarding credit cards and college students. Graduate and postgraduate students have not been studied, although they are also subject to debt. The aim of this article is to explore the psychological and social factors that contribute to the adoption of responsible credit practices among undergraduate, graduate and postgraduate students. The data are from an electronic survey sent by e-mail to students at two major Canadian universities (n = 1,323). The SEM results indicate that university students with a high level of self-efficacy in consumer credit are more likely to avoid risky credit behaviour. In comparison, the intention of undergraduate students to adopt responsible consumer credit behaviour is more influenced by parents than the (post)graduate students. The implications for financial education and personal finance advisors are discussed based on the results obtained.

Suggested Citation

  • J. Cloutier & A. Roy, 2020. "Consumer Credit Use of Undergraduate, Graduate and Postgraduate Students: An Application of the Theory of Planned Behaviour," Journal of Consumer Policy, Springer, vol. 43(3), pages 565-592, September.
    • Handle: RePEc:kap:jcopol:v:43:y:2020:i:3:d:10.1007_s10603-019-09447-8
    DOI: 10.1007/s10603-019-09447-8
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    References listed on IDEAS

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    Cited by:

    1. Suzanne Bartholomae & Jonathan J. Fox, 2021. "A Decade Review of Research on College Student Financial Behavior and Well-Being," Journal of Family and Economic Issues, Springer, vol. 42(1), pages 154-177, July.
    2. G. Silinskas & M. Ranta & T.-A. Wilska, 2021. "Financial Behaviour Under Economic Strain in Different Age Groups: Predictors and Change Across 20 Years," Journal of Consumer Policy, Springer, vol. 44(2), pages 235-257, June.
    3. Robert Powell & Anh Do & Denise Gengatharen & Jaime Yong & Rasiah Gengatharen, 2023. "The relationship between responsible financial behaviours and financial wellbeing: The case of buy‐now‐pay‐later," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(4), pages 4431-4451, December.
    4. Danilo Braun Santos & Wesley Mendes-Da-Silva & Jill M. Norvilitis & Philippe Protin & Luciana Onusic, 2022. "Parents Influence Responsible Credit Use in Young Adults: Empirical Evidence from the United States, France, and Brazil," Journal of Family and Economic Issues, Springer, vol. 43(2), pages 368-383, June.
    5. F. Ziesemer & A. Hüttel & I. Balderjahn, 2021. "Young People as Drivers or Inhibitors of the Sustainability Movement: The Case of Anti-Consumption," Journal of Consumer Policy, Springer, vol. 44(3), pages 427-453, September.
    6. Teodora Slavinski & Dragan Bjelica & Dejana Pavlović & Valentina Vukmirović, 2021. "Academic Performance and Physical Activities as Positive Factors for Life Satisfaction among University Students," Sustainability, MDPI, vol. 13(2), pages 1-17, January.

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