The purpose of this research was to investigate the finances of higher education student loan borrowers in Taiwan, including their income, expenditure, savings and personal financial management style.Data for this study were adapted from Professor Fong-Yee Nyeu (2015)’s study -- Study on the Income, Expenditure and Debt of Higher Education Students in Taiwan. Of the sample, 2,711 were student loan borrowers. The statistical program SPSS 21.0 was employed for data analysis, including descriptive statistics, t-test, and one-way ANOVA. The most significant findings are shown below:
1.The average income of students borrowers is NT158,076 dollars, the bulk of the income came from part-time work and family support.
2.Expenditures of students who took out student loans averaged NT146,976 dollars. Students who worked part-time have higher expenses, seniors have higher expenses, and private higher education students spend more than public higher education students.
3.Students who spend more on unnecessary expenses are: female students, students who work, students who study at private technological and vocational higher education institutions, and students who attend higher education institutions in the northern part of Taiwan.
4.The average savings of student loan borrowers is NTD 31,062.
5.Student loan borrowers have average financial habits, not aggressive in investment and savings. Female students and students who work have poorer financial habits. Students who live in northern Taiwan have more aggressive investment behavior, while students who live with their family have more aggressive investment and savings behavior.