Most college students have at least one student loan when they graduate (Lang, 2012). Student loan burden has been an increasingly popular topic in the mainstream media. While there is a significant amount of information available about the history of loans, types of loans and the implications of loans when in repayment, there is very little information measuring student’s awareness of their loans or more specifically how they perceive their awareness of their loans. Student loan burden has increased as the cost of higher education has increased and less grant aid has been available to subsidize the increased cost (Paterson, A., & Gauthier, D. 2013). Studies have shown that despite the rising cost, repayment amounts are at a reasonable level
