Why Are University Students Borrowing Too Much in Student Loans?: A Questionnaire Survey

To explore why university students borrow significant amounts of money in student loans, we conducted a questionnaire survey including questions that assume a hypothetical situation in which a subject needs to borrow money for his/her school expenses. Our main findings are twofold. First, the subjec...

Full description

Saved in:
Bibliographic Details
Published inJournal of Behavioral Economics and Finance Vol. 13; pp. 1 - 15
Main Authors Motegi, Keiji, Suzuki, Takumi, Nozawa, Tomoyo, Nakamura, Toshiki
Format Journal Article
LanguageJapanese
Published Association of Behavioral Economics and Finance 2020
行動経済学会
Subjects
excessive loan
extremeness aversion
framing effect
questionnaire survey
student loans
フレーミング効果
奨学金
極端回避性
質問紙調査
過剰受給
Online AccessGet full text
ISSN2185-3568
DOI10.11167/jbef.13.1

Cover

Abstract To explore why university students borrow significant amounts of money in student loans, we conducted a questionnaire survey including questions that assume a hypothetical situation in which a subject needs to borrow money for his/her school expenses. Our main findings are twofold. First, the subjects who chose to take out student loans underestimated their future risk of personal bankruptcy. Second, the amount of money that subjects chose to borrow depended on the form of the application documents. For example, when the form asked for an annual amount, they borrowed significantly less than when the form asked for a monthly amount.
AbstractList To explore why university students borrow significant amounts of money in student loans, we conducted a questionnaire survey including questions that assume a hypothetical situation in which a subject needs to borrow money for his/her school expenses. Our main findings are twofold. First, the subjects who chose to take out student loans underestimated their future risk of personal bankruptcy. Second, the amount of money that subjects chose to borrow depended on the form of the application documents. For example, when the form asked for an annual amount, they borrowed significantly less than when the form asked for a monthly amount. 本論の目的は，奨学金が過剰に受給される原因を明らかにするとともに，それを解消するための施策について検討することである．高校生と大学生を対象に，奨学金の借入が必要な状況を想定した仮想的質問を含む質問紙調査を行ったところ，奨学金を借りる選択をした被験者のうち約42％は将来の破産リスクを過小に評価していた．さらに，奨学金申請フォーマットについて，毎年の借入金額を選択するもの，および選択肢を部分的に記入式にしたものの方が，実際の申請フォーマットよりも被験者の借入金額が有意に小さくなった．以上より，奨学金の過剰受給を解消するため，利用者に対して「延滞のリスクを強調すること」および「申請書類のフォーマットを変更すること」が有効であるといえる．
To explore why university students borrow significant amounts of money in student loans, we conducted a questionnaire survey including questions that assume a hypothetical situation in which a subject needs to borrow money for his/her school expenses. Our main findings are twofold. First, the subjects who chose to take out student loans underestimated their future risk of personal bankruptcy. Second, the amount of money that subjects chose to borrow depended on the form of the application documents. For example, when the form asked for an annual amount, they borrowed significantly less than when the form asked for a monthly amount.
Author Motegi, Keiji
Suzuki, Takumi
Nakamura, Toshiki
Nozawa, Tomoyo
Author_FL 鈴木 巧
中村 年希
茂木 啓司
野澤 知世
Author_FL_xml – sequence: 1
  fullname: 茂木 啓司
– sequence: 2
  fullname: 野澤 知世
– sequence: 3
  fullname: 鈴木 巧
– sequence: 4
  fullname: 中村 年希
Author_xml – sequence: 1
  fullname: Motegi, Keiji
  organization: Faculty of Economics, Dokkyo University
– sequence: 1
  fullname: Suzuki, Takumi
  organization: Faculty of Economics, Dokkyo University
– sequence: 1
  fullname: Nozawa, Tomoyo
  organization: Faculty of Economics, Dokkyo University
– sequence: 1
  fullname: Nakamura, Toshiki
  organization: Faculty of Economics, Dokkyo University
BackLink https://cir.nii.ac.jp/crid/1390282752376835456$$DView record in CiNii
BookMark eNo9kEtLw0AUhQdRsNZu_AWzcJuaeWYqgtRSH1ARaUV3YWZy006oE5lJKvn3plS9i-_COeeexT1Dx772gNAFSceEEJldVQbKMWFjcoQGlCiRMCHVKRrFWKX9yJRxQgfo433T4WkA_ObdDkJ0TYeXTVuAbyK-q0Oov51f41Vd4-fWbrDzfzZe1NrH22s8xa8txMbV3mvXNy3bsIPuHJ2Uehth9LuHaHU_X80ek8XLw9NsukgqRWVSaE2NUcamzAgBKhVkYomlJRhtmBUyMyALzY0CYhlIDZxDyQrJiaGGT9gQXR5qvXO5dXsSNkmpopmgLJOKCS5kH7s5xKrY6DXkX8F96tDlOjTObiHff6s_zNM9yL9sNzrk4NkPODBozw
ContentType Journal Article
Copyright 2020 Association of Behavioral Economics and Finance
Copyright_xml – notice: 2020 Association of Behavioral Economics and Finance
DBID RYH
DOI 10.11167/jbef.13.1
DatabaseName CiNii Complete
DatabaseTitleList

DeliveryMethod fulltext_linktorsrc
Discipline Economics
DocumentTitleAlternate 奨学金過剰受給の解消に向けた行動経済学的アプローチ
DocumentTitle_FL 奨学金過剰受給の解消に向けた行動経済学的アプローチ
EISSN 2185-3568
EndPage 15
ExternalDocumentID 130007756192
article_jbef_13_0_13_1_article_char_en
GroupedDBID ABJNI
ACGFS
ALMA_UNASSIGNED_HOLDINGS
JSF
KQ8
RJT
RYH
ID FETCH-LOGICAL-j826-daa2bb8bc03b55e80519c1c2febab3c567be6da4b8e1c3e6ae44ef3d641b2b493
IngestDate Thu Jun 26 22:31:10 EDT 2025
Wed Sep 03 06:29:47 EDT 2025
IsDoiOpenAccess true
IsOpenAccess true
IsPeerReviewed false
IsScholarly false
Language Japanese
LinkModel OpenURL
MergedId FETCHMERGED-LOGICAL-j826-daa2bb8bc03b55e80519c1c2febab3c567be6da4b8e1c3e6ae44ef3d641b2b493
OpenAccessLink https://www.jstage.jst.go.jp/article/jbef/13/0/13_1/_article/-char/en
PageCount 15
ParticipantIDs nii_cinii_1390282752376835456
jstage_primary_article_jbef_13_0_13_1_article_char_en
PublicationCentury 2000
PublicationDate 2020
PublicationDateYYYYMMDD 2020-01-01
PublicationDate_xml – year: 2020
  text: 2020
PublicationDecade 2020
PublicationTitle Journal of Behavioral Economics and Finance
PublicationTitleAlternate JBEF
PublicationTitle_FL 行動経済学
JBEF
PublicationYear 2020
Publisher Association of Behavioral Economics and Finance
行動経済学会
Publisher_xml – name: Association of Behavioral Economics and Finance
– name: 行動経済学会
References 岑研究会，2015．日本の教育投資促進に向けて．ISFJ日本学生政策会議
樋口研究会，2016．奨学金延滞に関するマクロ的分析1．ISFJ日本学生政策会議
朝日新聞，2018．奨学金破産，過去5年で延べ1万5千人　親子連鎖広がる，2018年2月12日，日刊，47313号，p. 1.
（独）日本学生支援機構，2004–2016．JASSO年報．https://www.jasso.go.jp/about/organization/publication/annual_report.html（閲覧日2018年6月5日）
文部科学省，1992–2017．文部科学統計要覧・文部統計要覧．http://www.mext.go.jp/b_menu/toukei/002/002b/koumoku.html（閲覧日2018年6月5日）
文部科学省，2000–2017．学校基本調査．www.mext.go.jp/b_menu/toukei/chousa01/kihon/1267995.htm（閲覧日2018年6月18日）
総務省統計局，2001–2018．小売物価統計調査．http://www.stat.go.jp/data/kouri/（閲覧日2018年6月18日）
Bazerman, M, H. and D, A. Moore, 2008. Judgment in Managerial Decision Making, 7th ed., Wiley, New York.
（独）日本学生支援機構，2017．奨学金の返還者に関する属性調査．https://www.jasso.go.jp/about/statistics/zokusei_chosa/index.html（閲覧日2018年6月3日）
Simonson, I. and Tversky, A., 1992. Choice in context: Tradeoff contrast and extremeness aversion. Journal of Marketing Research 29, 281–295.
（独）日本学生支援機構，2015．スカラネット入力下書き用紙https://www.jasso.go.jp/shogakukin/moshikomi/zaigaku/__icsFiles/afieldfile/2018/04/16/h30_daigakutou_annai2.pdf（閲覧日2018年8月15日）
伊藤由樹子, 鈴木　亘．2003．奨学金は有効に使われているのか．家計経済研修58, 86–96.
Tversky, A. and D. Kahneman, 1981. The framing of decisions and the psychology of choice. Science 211, 453–458.
厚生労働省，1995–2017．国民生活基礎調査．https://www.mhlw.go.jp/toukei/list/20-21kekka.html（閲覧日2018年6月18日）
（独）日本学生支援機構，2018．奨学金事業への理解を深めていただくために〔報道等を見て関心を持たれた皆様に向けたデータ・ファクト集〕．https://www.jasso.go.jp/about/disclosure/sonota/saikenkanrikaishuutou/__icsFiles/afieldfile/2018/04/25/29_1_sankou_shiryou_9.pdf（閲覧日2018年6月23日）
Croson, R. and U. Gneezy, 2009. Gender differences in preferences. Journal of Economic Literature 47, 448–474.
Tversky, A. and D. Kahneman, 1974. Judgment under uncertainty: Heuristics and biases. Science 185, 1124–1131.
References_xml – reference: 岑研究会，2015．日本の教育投資促進に向けて．ISFJ日本学生政策会議
– reference: 厚生労働省，1995–2017．国民生活基礎調査．https://www.mhlw.go.jp/toukei/list/20-21kekka.html（閲覧日2018年6月18日）
– reference: 文部科学省，1992–2017．文部科学統計要覧・文部統計要覧．http://www.mext.go.jp/b_menu/toukei/002/002b/koumoku.html（閲覧日2018年6月5日）
– reference: （独）日本学生支援機構，2015．スカラネット入力下書き用紙https://www.jasso.go.jp/shogakukin/moshikomi/zaigaku/__icsFiles/afieldfile/2018/04/16/h30_daigakutou_annai2.pdf（閲覧日2018年8月15日）
– reference: 伊藤由樹子, 鈴木　亘．2003．奨学金は有効に使われているのか．家計経済研修58, 86–96.
– reference: Simonson, I. and Tversky, A., 1992. Choice in context: Tradeoff contrast and extremeness aversion. Journal of Marketing Research 29, 281–295.
– reference: 文部科学省，2000–2017．学校基本調査．www.mext.go.jp/b_menu/toukei/chousa01/kihon/1267995.htm（閲覧日2018年6月18日）
– reference: （独）日本学生支援機構，2018．奨学金事業への理解を深めていただくために〔報道等を見て関心を持たれた皆様に向けたデータ・ファクト集〕．https://www.jasso.go.jp/about/disclosure/sonota/saikenkanrikaishuutou/__icsFiles/afieldfile/2018/04/25/29_1_sankou_shiryou_9.pdf（閲覧日2018年6月23日）
– reference: 総務省統計局，2001–2018．小売物価統計調査．http://www.stat.go.jp/data/kouri/（閲覧日2018年6月18日）
– reference: Tversky, A. and D. Kahneman, 1981. The framing of decisions and the psychology of choice. Science 211, 453–458.
– reference: 朝日新聞，2018．奨学金破産，過去5年で延べ1万5千人　親子連鎖広がる，2018年2月12日，日刊，47313号，p. 1.
– reference: Tversky, A. and D. Kahneman, 1974. Judgment under uncertainty: Heuristics and biases. Science 185, 1124–1131.
– reference: Croson, R. and U. Gneezy, 2009. Gender differences in preferences. Journal of Economic Literature 47, 448–474.
– reference: 樋口研究会，2016．奨学金延滞に関するマクロ的分析1．ISFJ日本学生政策会議
– reference: （独）日本学生支援機構，2004–2016．JASSO年報．https://www.jasso.go.jp/about/organization/publication/annual_report.html（閲覧日2018年6月5日）
– reference: Bazerman, M, H. and D, A. Moore, 2008. Judgment in Managerial Decision Making, 7th ed., Wiley, New York.
– reference: （独）日本学生支援機構，2017．奨学金の返還者に関する属性調査．https://www.jasso.go.jp/about/statistics/zokusei_chosa/index.html（閲覧日2018年6月3日）
SSID ssj0000603412
ssib005303991
Score 1.8072511
Snippet To explore why university students borrow significant amounts of money in student loans, we conducted a questionnaire survey including questions that assume a...
SourceID nii
jstage
SourceType Publisher
StartPage 1
SubjectTerms excessive loan
extremeness aversion
framing effect
questionnaire survey
student loans
フレーミング効果
奨学金
極端回避性
質問紙調査
過剰受給
Title Why Are University Students Borrowing Too Much in Student Loans?: A Questionnaire Survey
URI https://www.jstage.jst.go.jp/article/jbef/13/0/13_1/_article/-char/en
https://cir.nii.ac.jp/crid/1390282752376835456
Volume 13
hasFullText 1
inHoldings 1
isFullTextHit
isPrint
ispartofPNX Journal of Behavioral Economics and Finance, 2020, Vol.13, pp.1-15
journalDatabaseRights – providerCode: PRVAFT
  databaseName: Colorado Digital library
  databaseCode: KQ8
  dateStart: 20080101
  customDbUrl:
  isFulltext: true
  eissn: 2185-3568
  dateEnd: 99991231
  titleUrlDefault: http://grweb.coalliance.org/oadl/oadl.html
  omitProxy: true
  ssIdentifier: ssj0000603412
  providerName: Colorado Alliance of Research Libraries
link http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwnV1Lj9MwELa6ywEuiKfYhUU54FOUEsdxHlxQUrpaAYuEKKK3yE5cbVq1Qd0GtD3zw5mp0ySVVuJxsSpP1ESez57xjOczIa_ACDElhevIQkvHZ6xwIpnHDthCxmE6FaHGgP7lp-Diq_9-KqaDwa_eqaV6o4b59ta6kv_RKvSBXrFK9h802_4pdMBv0C-0oGFo_0rH365u7GR9cLrii-GqvLbTCtkVMRAwqSr7sjahjUZsf6zQgebnpjB9F_WEr1xJWABhLVn_OMz29rzWtCvr39c0G5Znc9Fvd5K2QgYK-4Mu52UbcK628qeE71lWN1WXjdrWi9KeyEW97J6UC7ms1_js9VW5KPuxCc9tcUTHEU0YjUZ0LGiU0ljQcUhTsesJaBrRKEJR8o4mAR37NB3RuOE73S1-4HkIhwtz5U67UvPeUst6NttUhN5iDQJMSM-Vng0ZH7LO5rUnETGbhyyAuI88Inc8jOpgav9zj-QMrHzcMAoZ--6C6fcarlt8x-v2DeDHzMGrR7qGo1VZ9lyVyQNyv9GWlRjAPCSDuXxE7rbqekymABwQa6sDjrUHjtUCxwLgWAgcq1ztxdYOOG_fWIl1ABrLgOYJmZyPJ6MLp7liw5nDvtIppPSUilTuciWEjtCfz1nuzbSSiuciCJUOCumrSLOc60Bq39czXgQ-U57yY_6UHK-qlX5GrJD7szCPBczuHJPLMnclWlMRF0q7BT8hwoxM9t3QqGTNtMlw8DLGM0ytZqztxqpDmOQn5AwGMstLbGG7gjGCUOBZLgxZiuD0D_Ln5B4i00TNXpDjzbrWZ-BHbtTLnZp_A0wrcOI
linkProvider Colorado Alliance of Research Libraries
openUrl ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fsummon.serialssolutions.com&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Why+Are+University+Students+Borrowing+Too+Much+in+Student+Loans%3F%3A+A+Questionnaire+Survey&rft.jtitle=Journal+of+Behavioral+Economics+and+Finance&rft.au=Motegi+Keiji&rft.au=Nozawa+Tomoyo&rft.au=Suzuki+Takumi&rft.au=Nakamura+Toshiki&rft.date=2020&rft.pub=%E8%A1%8C%E5%8B%95%E7%B5%8C%E6%B8%88%E5%AD%A6%E4%BC%9A&rft.eissn=2185-3568&rft.volume=13&rft.spage=1&rft.epage=15&rft_id=info:doi/10.11167%2Fjbef.13.1&rft.externalDocID=130007756192