1. Introduction and Review of the Literature (suggested minimum: 500 words)
2. Methodology (suggested minimum: 300 words)
Introduction and Review of the Literature
The CFPB needs to understand the degree to which college students lack knowledge of credit and creditworthiness. Rather than base this assumption on our own experiences, attention must be paid to traditional academic literature highlighting the nature of this problem. Thus, this section should provide a deep and clear sense of the issue by drawing upon the repository of knowledge.
In doing so, the introduction should integrate 6 sources (emphasizing thesis and argument) that provide relevant context. Moreover, this section should clearly stipulate how the forthcoming report will examine college students' knowledge of and experience with credit and creditworthiness. Once the CFPB reviews this section, the agency should fundamentally understand the disconnect between college students and credit/creditworthiness.
Note, there is a default research question driving inquiry: How do college students think about credit and creditworthiness? Groups can make modifications to this question so long as its intent is not compromised.
Methodology
Beyond using academic literature, and to build upon the existing ways of seeing this issue, the CFPB expects a group of this nature (active college students at a research university who are proficient in inquiry) to actually conduct research as a precursor that helps articulate college students' experiences, knowledge and behavior relative to credit and creditworthiness.
At a minimum, methodology should be presented in a manner that allows an external audience to follow the group's approach and essentially come up with the same results. In this section, the report discusses the survey method.
In particular, a discussion should ensue about
(i) how/why the survey method will inform the problem under consideration,
(ii) general information about the sample size and questions, and
(iii) any limitations associated with the survey.
Providing the CFPB with empirical data will bolster the proposal offered at the end of the report as it is rooted in a careful empirical analysis of the issue.
Sources
Credit card consumers: college students' knowledge and attitude
http://www.emeraldinsight.com/doi/full/10.1108/07363760010357813
Personality Factors, Money Attitudes, Financial Knowledge, and Credit-Card Debt in College Student
http://onlinelibrary.wiley.com/doi/10.1111/j.0021-9029.2006.00065.x/full
Effect of Personal Financial Knowledge on College Students' Credit Card Behavior
http://web.b.ebscohost.com.proxy2.library.illinois.edu/ehost/detail/detail?sid=1c11d9aa-a7c9-443c-ab8b-831932cbc2d6%40sessionmgr102&vid=0&hid=128&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#AN=EJ859561&db=eric
College Students' Knowledge and Use of Credit.
http://web.b.ebscohost.com.proxy2.library.illinois.edu/ehost/detail/detail?sid=f0874c12-af8d-41f8-9167-125c349449f4%40sessionmgr120&vid=0&hid=128&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#AN=19329295&db=bth
Financial Literacy: Examining the Knowledge Transfer of Personal Finance from High School to College to Adulthood
http://web.b.ebscohost.com.proxy2.library.illinois.edu/ehost/detail/detail?vid=1&sid=c302278a-3f16-41c2-ab8f-bd8296bce230%40sessionmgr106&hid=128&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#AN=EJ1056510&db=eric
FINANCIAL KNOWLEDGE AND APTITUDES: IMPACTS ON COLLEGE STUDENTS' FINANCIAL WELL-BEING.
http://web.b.ebscohost.com.proxy2.library.illinois.edu/ehost/detail/detail?vid=3&sid=c302278a-3f16-41c2-ab8f-bd8296bce230%40sessionmgr106&hid=128&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#AN=73951023&db=a9h
Total Length : 800 words.
Attached is the article :
College Students' Knowledge and use of Credit.
and a Sample review.
Attachment:- Article and sample.rar