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November 21, 2016 at 08:35 AM
Despite feeling stressed about their debt load, graduate-school students are the most receptive to receiving advice about complex investing and retirement planning techniques, which could boost participation in university financial education programs, according to a recent study by the Council of Graduate Schools and TIAA.
According to TIAA and CGS research, “Financial Education: Developing High Impact Programs for Graduate and Undergraduate Students,” available at studentfinancialsuccess.org, 60% of master’s students and 55% of doctoral students report feeling stressed about their finances.
While most students were able to make ends meet, 38% of master’s students and 36% of doctoral students worry about meeting their monthly expenses, the majority of the students surveyed said they’ve had no exposure to financial education, and less than one-third are aware of any financial education programs available at their institution.
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Because they are eager to learn about more complex financial products, university financial education programs tailored to these types of students could fare well.
CGS and TIAA performed research over a three-year period with 30 universities, polling 13,000 graduate students.
