This paper aims to develop, refine and validate a multidimensional scale for measuring students’ attitude toward educational debt for higher studies in Punjab (India) and the impact of this attitude on the satisfaction of students.,The study uses interview and survey approach. The sample comprises 417 students from four public and four private universities of Punjab (India). Exploratory factor analysis and confirmatory factor analysis have been used to develop and validate students’ attitude toward education loan scale (Morgado et al., 2017). Further, structural equation modeling (SEM) has been used to analyze the impact of factors of students’ attitude on their satisfaction.,The scale has been tested for both reliability and validity. Analysis has revealed six factors of students’ attitude toward educational debt, namely, economic empowerment, social empowerment, utility, procedural requirements, risk and stress. These, six independent variables and one dependent variable, i.e. students’ satisfaction, were entered into structural equation model. The structural equation model shows that procedural requirements, economic empowerment and utility have a positive, whereas stress has a negative and significant impact on the students’ satisfaction.,Education financing is a gigantic problem nowadays due to the high cost of self-financing courses in Punjab. To make higher education accessible to all students, education loan plays a vital role. Thus, the attitude of students is of great importance to policymakers to bring reforms in education loan scheme.,To the best of the authors’ knowledge, this study is the foremost study for developing a validated tool to measure the students’ attitude toward educational debt in India.

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印度学生对教育债务的态度：规模发展和验证

本文旨在开发，完善和验证多维量表，以衡量学生对印度旁遮普邦的高等教育债务的态度以及这种态度对学生满意度的影响。本研究采用访谈和调查的方法。该样本包括来自旁遮普邦（印度）的四所公立和四所私立大学的417名学生。探索性因素分析和确认性因素分析已被用来发展和验证学生对教育贷款规模的态度（Morgado et al。，2017）。进一步，利用结构方程模型（SEM）分析了学生态度因素对他们满意度的影响。对量表进行了信度和效度检验。分析揭示了学生对教育债务态度的六个因素，即经济赋权，社会授权，效用，程序要求，风险和压力。这六个自变量和一个因变量，即学生满意度，被输入到结构方程模型中。结构方程模型表明，程序要求，经济赋权和效用具有正面影响，而压力对学生的满意度则具有负面影响和显着影响。由于当今美国自筹资金的课程成本高昂，教育融资已成为一个巨大的问题。旁遮普 为了使所有学生都能接受高等教育，教育贷款发挥着至关重要的作用。因此，学生的态度对于政策制定者进行教育贷款计划的改革非常重要。据作者所知，