This past week, Money Matters on Campus, a new report detailing the findings from a survey of 40,000 first-year college students from across the U.S. was released, demonstrating to colleges and universities how student financial problems not only impact individual student outcomes but also the institutional mission.
The study—conducted by EverFi and sponsored by Higher One—surveyed students on a variety of issues related to banking, savings, credit cards and school loans. You can download the full report here.
Not only did the survey uncover a variety of predictive behaviors and attitudes related to student financial decisions (many of which are alarming), but the report also details recommended actions to be taken in order to address the issue of financial literacy. The infographic below that summarizes the survey’s key findings.
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