Millennials and Their Money: How They Pay for College Life
Citi and Seventeen Magazine released findings from the 2013 College Student Pulse, a national survey of over 1,000 high school seniors and college students exploring the way students save, spend, and manage the finances of college life. Highlights include:
61% say that college is more expensive than they thought it would be
Money-related issues top students’ list of biggest concerns while in school:
Getting a good paying job when they graduate (63%)
Getting good grades (61%)
Paying tuition bills (53%)
The amount of student loan debt they owe (47%)
Being able to save (46%)
College choice is largely driven by money: 77% say that money played an important role in where they decided to apply to/attend college, and one-third said that money was the single most important factor in determining where they enrolled.
Read the full report here.
