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Dollars & Sense
A Report on College Students and Their Personal Finances
College is for millions of young adults their first major taste of independence. For most college students, this includes greater financial freedom and responsibility. Even if someone else covers some or all of the tuition, students are making financial decisions about meals, personal needs and entertainment.
As they look ahead to life after graduation, self-reflection often leads to decisive action. The realities of the next stage (e.g., building a career, managing expenses and planning for the future) bring their relationship with money into clearer focus. Regardless of where students are in their studies, money can evoke mixed feelings of opportunity and anxiety.
As students consider their financial futures and career prospects, their views offer valuable insights into the next generation’s relationship with money. With this in mind, CFP Board commissioned research company College Pulse to conduct a survey of college students in America to better understand their financial values and concerns.
One key takeaway from Dollars & Sense: A Report on College Students and Their Personal Finances: College Students view financial well-being as the key to long-term happiness and life satisfaction.
