Understanding Financial Literacy, Attitudes, and Practices Among Community College Students

• In Event: Poster Session 1
  In Poster Session: Understanding Financial Literacy, Attitudes, and Practices Among Community College Students

Abstract

College represents a major economic investment for student and their families, requires planning and decisions (work or borrow, etc.). But a growing body of research indicates that many students, particularly those from lower-income households, often lack financial planning for college. Using survey data collected from two large urban community colleges, this study examines the levels of financial literacy, financial behavior and practices among community college students. Our preliminary findings primarily describes of the levels of financial literacy among these students, their financial behaviors, attitudes and the differences in their levels of financial literacy. Future implications suggests that including financial literacy curriculum as part of Student Success courses provides students with a better understanding of personal finance knowledge.

Authors

• Agustina Veny Purnamasari, Iowa State University

• Linda Serra Hagedorn, Iowa State University

• Moumita Mukherjee, University of Houston

• Lyle McKinney, University of Houston