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The Majority of College Students Say They Struggle with Financial Insecurity

March 3, 2022

The rising cost of college and the growing student debt crisis in the U.S. were areas of concern long before COVID, but the economic fallout from the pandemic has only compounded issues of financial security for many college students.

More than half of students report they have struggled “a great deal” or “a fair amount” with financial insecurity in the past four months, and a similar percentage say they are worried about their family’s finances. The financial pain of the pandemic is felt even more acutely among non-white students.

Source: Inside Higher Ed and College Pulse’s Student Voice survey, presented by Kaplan (January 2022)

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