The manner in which college student

The manner in which college students manage their money is based on several factors such as age, personality traits, and knowledge (Norvilitis, et al., 2006). College students are in a unique situation because they have restricted incomes and high expenses; therefore, they manage money differently (Micomonaco, 2003).
The more knowledge students have about their financial responsibility and status the less likely they are to be in debt (Norvilitis, et al., 2006). In “Borrowing Against the Future: Practices, attitudes and knowledge of financial management among college students,” Micomonaco (2003) finds college students tend not to have a budget or calculate credit card bills based on their actual spending. For example, there was a significant amount of students that did not know their SES or how much they would owe in student loans when they graduate (Micomonaco 2003). Also, only 36% of students with credit cards reported paying off their credit cards bills monthly (Norvilitis, et al., 2006). Although, college students are concerned about their future financial status; 67% of freshmen at four-year colleges or universities have concerns about paying their tuition. This is the highest amount of concern expressed in over a decade (Gordon 2010).
There are many groups of students that accumulate and perceive debt differently, for example, how they used credit cards. Women are more likely to report having a budget then men (Norvilitis, et al., 2006), but women more frequently accumulate higher amount credit card
debt and total debt (Micomonaco, 2003). Also, majority students perceive themselves as more in control of their finances than minority students perceive themselves (Micomonaco 2003).
Some variables did not show differences in the accumulation of debt but perceptions varied among groups. Demographics variables, GPA, and number of hours worked did not play a role in the amount of debt acquired but, students with a higher GPA and/or those who worked more were more worried about their financial status (Norvilitis et al., 2006).
In this study, the printing budget put in place by a small Midwestern liberal arts college is examined. Through 2007, students were allowed unlimited printing from campus computers. Beginning in the fall of 2008, students were charged 4 cents per page printed from a campus computer. Students were also given a printing allowance provided by the school of 14 dollars,
the equivalent of 350 pages. For any printing over 350 pages, the student would be charged 4 cents per page. Through a survey e-mailed to students, the changes and behaviors of student printing and budgeting were examined. The printing system changed for the classes of 2010 and
2011 from unlimited printing to having a budget. For the other two classes surveyed, the class of
2012 and 2013, the budget was always in effect while attending the college. How the printing budget affected these classes differently as well as the implications of a printing budget, particularly against other spending habits, was examined.