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By Sons Agency, Richard Ramaswamy and Padmini Ramaswamy


The purpose of this pilot study at the University of Illinois was to survey and establish patterns of student expenditures, sources and amounts of income, and the relationship of tc expenditures over time. Using the above as dependent variables, the primary analytic problem was to determine the extent tr which student income and expenditures vary with the characteristics of the institutions the students attend. Findings indicate that: (1) participation in the weekly summation of income and expenditure information was largely determined by an initial commitment to participate; (2) the average expenditure per week per student was about $71.,88, the average incoAe $68.95, i.e. financial concern is supported by fact; (3) approximately half of the stLients had a total income per term of $1000 or less; (4) over 40 percent had applied for financial aid; and (5) the Urbana campus had the lowest income and expenditure levels, both overall and for major category groups such as food, transportation, and clothing. Tables, witn comments, are included to substantiate results. (Author/TA

Topics: Financial Needs, Income, Research Design, Student
Year: 1971
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