Progress 03/01/05 to 12/31/08
Outputs
OUTPUTS: This project provided insights into the financial management practices, behaviors, and knowledge of college students in Georgia. The results were used to shape educational programs targeted to this population. Specifically, the results informed revisions in the curriculum for the Georgia Peer Financial Counseling Program, which is available to students on 10 college campuses in Georgia. The results also were instructive in shaping a new non-majors elective at the University of Georgia (HACE 3110) on personal finance for graduating seniors. In addition, the results of this project were shared in presentations to the following groups: The National Biennial Conference of the Home Economics Institute of Australia, January 2007. The American Council on Consumer Interests, April, 2007. The National Association of Consumer Agency Administrators, June, 2007. The Association for Financial Planning and Counseling Education, November 2007. PARTICIPANTS: The principal investigator designed the study and collected the data with the assistance of the University of Georgia Office of Student Financial Aid. The principal investigator created a research group composed of colleagues in her department and a master's student and the group co-authored manuscripts using the datasets. The results have been shared with professionals in student financial aid as well as colleagues in Consumer Economics. TARGET AUDIENCES: The target audience was traditional age college students. PROJECT MODIFICATIONS: Not relevant to this project.
Impacts
Recipients of the project results have a greater understanding of the need for financial literacy among college students. Those not traditionally engaged in these efforts have not only more knowledge about how to effectively deliver financial literacy education but tools to do so. For example, a research finding is that students who lose merit-based scholarship support have weaker financial management skills than college students who retain the scholarship. Thus, the students are doubly at risk. Programs that currently work with at-risk students are incorporating financial literacy into their programs.
Publications
- 1. Goetz, J., Mimura, Y., Mehta, M., & Cude, B. (2007). HOPE or no-HOPE: Merit-based college scholarship status and financial behaviors among college students. Financial Counseling and Planning Education. 2. Cude, B.J., Lyons, A.C., & American Council on Consumer Interests Consumer Education Committee. (2007). Improving the financial literacy of college students. In Proceedings of the National Biennial Conference of the Home Economics Institute of Australia: Horizons in Home Economics, pp. 78-83. 3. Cude, B.J., Lyons, A.C., Lawrence, F.C., & American Council on Consumer Interests Consumer Education Committee. (2007). Get financially fit: A financial education toolkit for college campuses. In D. Nitsch (Ed.), Consumer Interests Annual, 53, pp. 190-192. Available online at http://www.consumerinterests.org/i4a/pages/Index.cfmpageid=4238. 4. Cude, B.J., Lawrence, F., & Goetz, J. (2007). Get financially fit: A financial education toolkit for college campuses. In I. Leech, Proceedings of the Association for Financial Planning and Counseling Education. [Poster abstract] 5. Goetz, J., Mimura, Y., Mehta, M., & Cude, B. (2007). HOPE or No-HOPE: Merit based college scholarship status and financial behaviors among college students. In D. Nitsch (Ed.), Consumer Interests Annual, 53, 171-173. Available online at http://www.consumerinterests.org/i4a/pages/Index.cfmpageid=4256. [Abstract]
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Progress 01/01/07 to 12/31/07
Outputs
OUTPUTS: This project provided insights into the financial management practices, behaviors, and knowledge of college students in Georgia. The results were used to shape educational programs targeted to this population. Specifically, the results informed revisions in the curriculum for the Georgia Peer Financial Counseling Program, which is available to students on 10 college campuses in Georgia. In addition, the results of this project were shared in presentations to the following groups: The National Biennial Conference of the Home Economics Institute of Australia, January 2007. The American Council on Consumer Interests, April, 2007. The National Association of Consumer Agency Administrators, June, 2007. The Association for Financial Planning and Counseling Education, November 2007. PARTICIPANTS: Nothing significant to report during this reporting period. TARGET AUDIENCES: Target audiences were traditional age college students. PROJECT MODIFICATIONS: Nothing significant to report during this reporting period.
Impacts
Recipients of the project results have a greater understanding of the need for financial literacy among college students. Those not traditionally engaged in these efforts have not only more knowledge about how to effectively deliver financial literacy education but tools to do so. For example, a research finding is that students who lose merit-based scholarship support have weaker financial management skills than college students who retain the scholarship. Thus, the students are doubly at risk. Programs that currently work with at-risk students are incorporating financial literacy into their programs.
Publications
- Goetz, J., Mimura, Y., Mehta, M., & Cude, B. (2007). HOPE or no-HOPE: Merit-based college scholarship status and financial behaviors among college students. Financial Counseling and Planning Education.
- Cude, B.J., Lyons, A.C., & American Council on Consumer Interests Consumer Education Committee. (2007). Improving the financial literacy of college students. In Proceedings of the National Biennial Conference of the Home Economics Institute of Australia: Horizons in Home Economics, pp. 78-83.
- Cude, B.J., Lyons, A.C., Lawrence, F.C., & American Council on Consumer Interests Consumer Education Committee. (2007). Get financially fit: A financial education toolkit for college campuses. In D. Nitsch (Ed.), Consumer Interests Annual, 53, pp. 190-192. Available online at http://www.consumerinterests.org/i4a/pages/Index.cfmpageid=4238.
- Cude, B.J., Lawrence, F., & Goetz, J. (2007). Get financially fit: A financial education toolkit for college campuses. In I. Leech, Proceedings of the Association for Financial Planning and Counseling Education. [Poster abstract]
- Goetz, J., Mimura, Y., Mehta, M., & Cude, B. (2007). HOPE or No-HOPE: Merit based college scholarship status and financial behaviors among college students. In D. Nitsch (Ed.), Consumer Interests Annual, 53, 171-173. Available online at http://www.consumerinterests.org/i4a/pages/Index.cfmpageid=4256. [Abstract]
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Progress 01/01/05 to 12/31/05
Outputs
In Spring 2005, two online surveys and three focus groups were conducted with University of Georgia full-time undergraduate students to learn more about their financial management. One of the online surveys was also implemented on three other college campuses to enable comparisons across campuses. In the first survey, 491 University of Georgia students responded. The respondents were fairly equally distributed among first through fourth year students and about one-quarter were a member of an ethnic minority. In the second survey, 614 full-time undergraduate students at the University of Georgia responded. Again the distribution was fairly equal across year in school and about one-quarter were minority. One-quarter grew up in a rural Georgia county.
Impacts
The data are expected to be useful in understanding the interactions among students' decisions about financing college with student loans, credit cards, parents' contributions, and/or income from work. With a greater understanding of these interactions, financial aid and other administrators can better advise students about the mix of resources that is most likely to lead to academic success with minimum financial hardship during school and after graduation.
Publications
- No publications reported this period
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