Analisis Risiko Wanprestasi dalam Pinjaman Online pada Mahasiswa Stambuk 2021 dan 2022 Fakultas Hukuum Universitas Sumatera Utara

Abstract

The development of financial technology (fintech) in Indonesia has led to the emergence of online lending services that offer easy access to the public, including university students. However, this convenience comes with legal risks, particularly the risk of default (wanprestasi) frequently experienced by students as debtors. This study aims to analyze the legal framework governing online loans in Indonesia, identify the causes of default among students of the Faculty of Law at Universitas Sumatera Utara (USU) from the 2021 and 2022 cohorts, and examine the forms of legal protection available to students who experience default. This research employs a empirical legal methods, using statutory and conceptual approaches. Data were collected through literature review and questionnaires distributed to 400 students. The findings indicate that 40.3% of respondents had used online lending services, and 44.2% of them experienced default. The main causes include low financial literacy, high interest rates, and lack of awareness of legal consequences. Legal protection for student consumers is provided under the Indonesian Civil Code, the Consumer Protection Act, and regulations issued by the Financial Services Authority (OJK). This study recommends comprehensive legal education and financial literacy campaigns to prevent default risks and ensure effective consumer protection