Mothers, Fathers, and Student Loans: Contributing Factors of Familial Conflict Among Parents Repaying Student Loan Debt for Children

Abstract

As college costs rise in the United States, many parents are forced to make difficult decisions about how to pay for their children’s higher education. Stress and conflict accompany financial issues and play a role in the financial picture for many families. Using Hill’s (Hill, Social casework 39:139–150, 1958) ABC-X model of family stress as a framework, this study describes results of a national survey of parents contributing to student loan payments for their child’s education and explores how this experience may play a role in familial conflict. Findings suggest marked gender differences in the relationship between contribution reason and the experience of conflict. Results also carry implications for financial professionals, suggesting a need for family-focused and gender-conscious financial education both before and during the student loan repayment process.