The factors relating to perceptions, such as in the fact that loan repayment will affect quality of life after graduation-such as owning a home, getting married, career options, having a child, or purchasing a new car-are perceived by college students to be important in helping them to make good financial decisions whilst, at the same time, honouring their education loan (Abu Bakar et al, 2006; Christman, 2000; Monteverde, 2000; Volkwein & Szelest 1995).