- 65 percent worry about paying tuition
- 1 out of 4 students do not know how they will pay for the following semester
- 53 percent worry about meeting monthly obligations
- 77 percent have run out of money in the past year, with 34 percent running out five or more times
- 58 percent feel they more student loan debt than they expected
- 68 percent are not confident they will be able to pay off their student loan debt
How Financial Stress Affects Colleges and Universities
- Study less 32 percent 2
- Drop classes 34.2 percent 3
- Reduce to part-time enrollment 34.2 percent 3
Lack of Emergency Savings Affects Students
Overall, the biggest sources of financial stress revolve around making financial decisions. According to a Money Matters survey 5 , the top three include:
One reason that students worry about money is that they don’t have any money put away in case of an emergency. Læs mere The Impact of Emergency Savings on Student Financial Stress