Money Matters on Campus is a new report detailing the findings from a survey of 40,000 first-year college students from across the U.S. and demonstrating to colleges and universities how student financial problems not only impact individual student outcomes but also the institutional mission.Download pdf Report: Money Matters on Campus
The study—conducted by EverFi and sponsored by Higher One—surveyed students on banking, savings, credit cards and school loans. The majority of participants (91.2 percent) were first-year college students (mean age = 18.2 years). One of the many survey findings revealed a strong correlation between incurring early debt and not being affiliated with a banking institution. Further, an increased risk of negative financially related outcomes, as students and later in life, was correlated with current risky financial attitudes/behaviors.
Tuesday, March 05, 2013
Student Survey on Financial Literacy Shows Early Debt Correlates with Risky Behavior
About the Report: