Campus financial literacy experts see the intrinsic value in educating students about money as a foundation for post-graduation life, but personal finance skills for many students are lacking. The latest Student Voice survey, presented by Kaplan, in association with Inside Higher Ed and College Pulse, found significant numbers of students struggle with finances. Twenty-five percent of the 2,000 undergraduate student respondents reported experiencing food insecurity and nearly 1 in 5 reported dealing with housing insecurity during college.
The survey findings offer a glimpse into the day-to-day financial realities of students, revealing a need for stronger financial literacy services and supports. See how institutions can better equip students to tackle weaknesses in their financial literacy.
College student data was collected from January 31 to February 7, 2022, through the College Pulse mobile app and web portal, and weighted to be nationally representative of two- and four-year college student populations.
● If your institution offers a program or class on financial literacy, do students know about it?
● Does your institution have adequate support in place for students facing a financial crisis?
● How is your college or university helping students be successful in strengthening the financial skills they need today as students and beyond?