Education Commons^™

Impact Of Financial Literacy And Financial Capability On Students' Self-Efficacy, Darren Scott

Dissertations

Low-income, first-generation college students experience unique obstacles in their pursuits of a college degree. One of the biggest stressors that exist within this population is financial stress which has led to money being the number one reason students do not persist to graduation. Despite this being one of their biggest stressors, many higher education institutions do not put an emphasis on financial literacy initiatives that research has shown can help alleviate this type of stress. This mixed methods study explores the impact financial literacy and financial capability has on a students’ self-efficacy. This research is guided by Albert Bandura’s Self-Efficacy …

Financial Literacy Among Buffalo State College Undergraduate Students, Toni Martinucci

Public Administration Master’s Projects

Financial literacy can be complex and difficult for college students to comprehend. Many students struggle to afford college and are faced with large amounts of student loan debt. Financial awareness needs to be addressed early on for students to make informed decisions about college costs, student debt, and financial aid. However, financial aid applications, terms and conditions, and eligibility requirements are difficult for many students to comprehend on their own. The purpose of this study is to access financial literacy among undergraduate students at Buffalo State College. A quantitative approach is used in this study by implementing a web-based cross-sectional …

Financial Literacy: A Case Study On Current Practices, Briana Lee Hammontree

Masters Theses

In the last few years, the concern for financial illiteracy among teenagers has only grown as the economy has shifted. Many teenagers feel unprepared and unsecured moving forward with their finances as adults. This issue is intensified further among low-income and marginalized youths who deal with additional hardship in their lives. Accessibility is a huge issue among teenagers and the role of financial literacy of their lives in education is often predetermined by government officials and policies they can only really advocate for change for but cannot vote on. In this research I explore the concept of utilizing social innovation …

Addressing First-Generation College Students’ Gap In Financial Literacy Through The First-Year Seminar, Mary G. Wright

Culminating Experience Projects

There is a gap in the financial literacy of first-generation college students. Research on first-generation college students and their unique barriers to financial resources, financial literacy, financial aid, and first-year seminars is reviewed. Research indicates that higher education funding, first-generation students’ intersecting identities, and the unique barriers related to their identities impact first-generation college students’ ability to succeed in higher education. A first-year seminar is proposed with financial literacy topics threaded throughout the entirety of the course and a financial literacy unit to address the gap in financial literacy. First-generation college students graduate at disproportionately low rates in comparison to …

Correlation Of Personal Finance Class And Credit Scores, Betty W. Fagan

Dissertations

It is has become a concern: the number of people struggling with personal finance and credit scores. It is for this reason that this study scrutinizes the possible influence of one factor on the other. It is undeniable that personal finance influences some futuristic financial decisions and goals, but has the relationship been proven? This study aims to evaluate the correlation between personal finance and financial literacy, using a sample of 15 to 30 high-school students and teachers. The study collected data through interviews and surveys. The data collected were used to formulate the correlation between the course’s success and …

The Gradual Disappearance Of Financial Literacy In Today's World. What Is Financial Literacy And Why Is It So Important? My Own Story Of Acquisition, Eileen Gertrude Cammilla Kristiansen

Graduate College Dissertations and Theses

There is a growing concern in this country that the middle class is disappearing and not in the way one would hope. Instead of families moving into a higher socio-economic class and being able to provide richer life experiences for themselves and their children, vast numbers are shifting to a lower socio-economic status level. The gap between the affluent and those barely eking out an existence is increasing at an alarming rate. This trend will directly affect who can successfully attend college and who will be available and capable to perform the blue-collar jobs that are vital to the continuation …

Assessing Parental Involvement In Required High School Financial Literacy Education Courses Taught In Utah School Districts, Jennifer L. Gardner

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Financial management skills are used throughout our lives, from the first allowance we receive until we provide funds for our funeral services and burial. How do we learn financial skills that last us a lifetime?

Much of our learning comes from watching others, specifically as children and teens, even into young adulthood, as explained by Social Learning Theory. This informal learning can help or hinder us throughout our lives, especially when finances are involved. In recent years, the opportunities for formal education have increased.

Ideally, based on systems theory, formal and informal financial learning would work hand in hand for …

An Examination Of The Impact Of Student Loan Debt On Alumni Giving, Ashley N. Nickell, Molly B. Hurley

Dissertations

This study examined the effect of student loan debt on alumni’s willingness and ability to donate to their alma mater, including other identity-based motivating factors associated with an alumnus’ decision whether or not to donate. Participants of this study were recent (2015-2020) graduates of a doctoral program in the healthcare field in the Midwest, and were purposefully selected to answer questions regarding their income, loan debt, decision to give in monetary or non-monetary ways, and financial literacy education/financial preparedness. Data were gathered from virtual interviews that were transcribed and coded for emergent themes. The findings revealed that the majority of …

Increasing Financial Literacy Awareness Among High School Seniors, Ismael Loza Martinez

Capstone Projects and Master's Theses

This paper attempts to bring an awareness to the lack of financial literacy education in high school curriculum. Over 50 percent of all high school graduates go into the workforce or college lacking sufficient financial literacy education to effectively manage their money, their savings, and credit. Most high schools offer personal finance and economics courses as an elective rather than a requirement. Many of these high schools have a very high student body population which come from socioeconomically impacted backgrounds. A lesson plan was made in an attempt to educate 12'th grade senior AVID students on the topic of financial …

Getting Ahead Of The Game: Financial Fundamentals For Prospective College Students, Dia Taliaferro

West Chester University Master’s Theses

As the cost of college and student loan debt increase, there is also a concern with the lack of financial literacy from Black low-income students. Students are eager to attend college and obtain a college degree, yet they are barely prepared academically and financially. Not only are students unaware of the total cost to attend college but their support system (parents/guardian and family) are also not familiar with the basic financial fundamentals to prepare for higher education. The purpose of this thesis is to examine the influences and resources available to Black low-income students. Colleges and universities can support prospective …

Financial Literacy For Latino Immigrants: A Guidebook For Esl Teachers, Anna Braden

Master's Projects and Capstones

Latino immigrants face many financial challenges in the United States. Language barriers exclude them from jobs as well as financial and consumer markets. Lack of familiarity with the U.S. financial system or bad experiences with financial systems in their home countries can create mistrust and lead to Latino immigrants being unbanked or underbanked. Consumer vulnerabilities may also be exploited as immigrants turn to nonbank financial services such as predatory lenders (check cashers, payday lenders, etc.). Lack of access to jobs and marketplaces results in lower income and less wealth accumulation. Over time this results in wealth inequality between Latino immigrants …

Informing The Creation Of A Financial Literacy Tool For Cal Poly Students, Kelly Michelle Carroll

Communication Studies

This research project examines the wants, needs, and desires of Cal Poly students to inform the creation of a financial literacy tool (tentatively named “MoneySmart”) to be created by another student. The methodologies used to gauge these metrics were a literature review and questionnaire. The literature review aids in understanding research regarding the current state of student financial literacy in the United States, including student attitudes toward the topic. Subsequent findings were used to create the questionnaire, which inquired about students’ financial stress, confidence in their abilities to manage their personal finances, specific interests for the design and contents of …

A High School Curriculum That Will Help Prepare Students For A Life Outside Of Academics, Kaitlyn Witt

Honors Projects

Current high school curriculums are detailed to push students towards a college education. However, the curriculum does not prepare students for a life outside of academics. After creating a survey, the results showed that individuals that have completed their high school education do not feel prepared to enter the adult world. The individuals that took the survey responded that they did not feel comfortable managing their finances or cooking a meal on their own. In order to help prepare students for a life outside of the education, individuals in charge of creating a curriculum need to make revisions. After conducting …

Factors Contributing To Student Loan Debt, Cynthia Fitzthum

Culminating Projects in Higher Education Administration

The costs of higher education continue to rise each year and students are faced with increasing levels of tuition and fees to obtain their degrees. With research showing the benefits of post-secondary degrees, it is important for institutions to educate students on financial literacy and loan choices to ensure they are informed consumers. Using qualitative research, this study focuses on St. Cloud State University students to understand how a regional comprehensive institution can proactively work to help students through the student loan process by examining factors that contribute to student loan debt.

Personal Finance Education: The Benefits In Secondary School Settings, Kathryn Mary Sickels Batterman

All Electronic Theses and Dissertations

The purpose of a Personal Finance course is to develop important financial literacy concepts that all adults need to thrive in today’s increasingly complex economy. A lack of financial literacy for many individuals in the United States is an extensive problem that erodes into individuals' livelihood when unaddressed. This research investigates the benefits of a Personal Finance class which teaches students introductory financial literacy content, as well as skills and strategies that they can implement to make a positive impact in their own lives as they grow into adulthood. This research will focus on the advantages of a Personal Finance …

Does Experiential Learning Add Value In Financial Literacy Education: A Qualitative Investigation, Abra Akers Endsley

Online Theses and Dissertations

According to Marketwatch.com the lack of financial literacy among U.S. citizens has cost upwards of $200 billion over the last twenty years. Besides racking up student loan debt that averaged about $37,172 per student in 2016 (Marketwatch.com) millennials and those in Generation Z are also the most likely to engage in risky financial behaviors like payday loans, pawnshops and tax refund advances (PwC, 2016; Mottolla, 2014). Being financially vulnerable as young adults compounded with today’s increasingly complex financial environment (Batty et al., 2015), make fertile ground for mistakes that have lifelong impact.

Over the last 20 years, much has been …

Young Adult Financial Literacy And Its Underlying Factors, Emily Meyers

Honors Theses

This thesis discusses the current state of financial education and young adult financial literacy in the United States. Financial literacy is the level of personal finance knowledge an individual requires to make beneficial financial decisions. The United States faces a financial literacy crisis in young adults evidenced by failing scores of assessments administered by the Jump$tart Coalition, a leader in researching financial literacy in young adults. This thesis presents research and analysis of personal finance assessment scores from students of Franklin High School, Massachusetts. Assessments were administered to personal finance, business, and history students. The majority of students failed the …

Information Sources That Influence The Financial Literacy Of Puerto Rican College Students, Enid Alvarez

Walden Dissertations and Doctoral Studies

Researchers agree that Puerto Ricans lack basic financial knowledge that would allow them to participate in the financial system actively. However, the literature did not provide any data about the knowledge transmission practices that Puerto Ricans use to gather and transmit financial knowledge. As a result, there was a limited understanding of the social learning processes used by Puerto Rican college students to make financial decisions. Using consumer socialization and family financial socialization models as the theoretical framework, the purpose of this quantitative, nonexperimental study was to identify the information sources that Puerto Ricans use to gather financial knowledge. A …

Finance Day At Ua, Shelby Amatangelo

Williams Honors College, Honors Research Projects

Financial stability cannot be built overnight. It takes years of working, saving, investing and planning to develop and maintain financial stability. However, one poor financial decision can destroy a person’s financial stability that they spent years creating. Over 25% of high school students believe that they will be unprepared to manage their finances upon high school graduation (Cooley, 2013). While 43 states require that K-12 standards in financial literacy, only 35 of them are required to be implemented (Heath, 2016). Furthermore, only 17 states require that a high school course in personal finance be taken to graduate and only 6 …

An Assessment Of The Financial Literacy Of Undergraduates At One Community College In Texas, Melissa J. Weathersby

Walden Dissertations and Doctoral Studies

At a Texas community college, stakeholders wanted to strengthen the financial literacy module offered in the student development course for undergraduates. The problem was that no formative data existed on students' financial literacy, and it was not known if knowledge of financial literacy for students who participated in a prior financial literacy class in high school differed from students who had not. The purpose of this study was to obtain formative data regarding students' needs for financial literacy education and to examine whether the knowledge of financial literacy for college students who participated in a prior financial literacy class in …

Financial Literacy Seminar: An Exploration Of Financial Literacy Education In Ohio, Marysarah Menkhaus

Williams Honors College, Honors Research Projects

In this study we sought to review financial literacy education in the state of Ohio, particularly for students in Akron City School District. We did this by hosting a day-long financial literacy seminar for high school students in partnership with community financial professionals. I used a pre and post survey to measure the change in student comfortability with financial topics from the beginning of the day to the end. I found that with exposure students become more comfortable with critical financial topics.

A Study Of Undergraduate Personal Finance Courses At Public Universities In The Pacific Northwest Using An Action Research Approach, Melody Bell

CUP Ed.D. Dissertations

The purpose of this action research study was to examine undergraduate personal finance course instruction with a specific focus on student loan debt instruction at public universities in Oregon. This study focused on the central research question: What is the scope, sequence, and emphasis on the curriculum in undergraduate financial education courses and how could it be improved? Four personal finance professors from four public universities in Oregon participated in the study; with one of the universities serving as the focus. The first stage after the proposed study was to audit the personal finance course at the focus university. The …

Education's Loss Of The Public: An Archival Exploration Of American Public Schools' Diminishing Social Returns And The Emerging Utility Of Social Entrepreneurship, Tia Ha-Quyen Ho

Scripps Senior Theses

The literature presented in the following pages explores the shortcomings of the American public education system in the context of creating long-term, sustainable social change. Using financial illiteracy and its relationship to low quality of life as an entry point, the first section exposes public schools’ shortcomings as agents of social change by delving into the hardships endured by the original public school promoters of the 19^th century, the pitfalls of President George W. Bush’s 2001 enactment of No Child Left Behind, and the shortcomings of the financial literacy programming that found traction in urban schools following the subprime …

Life After Graduation: Exploring The Utility Of A College And Career Research Project In Defining Students’ Post-High School Goals, Ashley E. Bowers

Theses and Dissertations

In order to assist students with their digital research skills while simultaneously allowing them to research and explore college and career options, a Project-Based Learning (PBL) assignment was incorporated into the secondary English classroom. This served multiple purposes: providing students guidance and support as they determine their future college and career goals, meeting several of the South Carolina 9-12 English/Language Arts standards, and increasing students’ College and Career Readiness. The site for this quantitative action research study was English 3 classes in a large, rural high school in the Charleston, South Carolina area. Quantitative, statistical data was collected from a …

Wise Choices? The Economics Discourse Of A High School Economics And Personal Finance Course, Tamara L. Sober

Theses and Dissertations

Today’s high school students will face a host of economic problems such as the demise of the social safety net, mounting college student debt, and costly health care plans, as stated in the rationale for financial literacy provided by the Council for Economic Education’s National Standards for Financial Literacy. These problems are compounded by growing income and wealth inequality and the widespread influence of neoliberal ideology. Although one of the major goals of economics education is to teach students to make reasoned economic choices in their public and private lives and provide the skills to solve personal and social …

Hunting For Financial Literacy, Georgia Sozou

Theses and Dissertations

This paper summarizes and explores the results of a survey conducted at Hunter College of the City University of New York that surveys 211 students. It examines the relationships between the students’ individual characteristics, previous personal finance education and the levels of financial literacy of the Hunter College population.

The Perception Of The Value Added From Accruing Student Debt To Earn A Degree Or Graduate Certificate From A Public Institution Of Higher Education: A Descriptive Study, William L. Nuckols

Educational Foundations & Leadership Theses & Dissertations

Student loan debt has had a tremendous impact on higher education over the past 45 years. Over that timeframe, federal student loan dollars have increased by more than 800%. This dissertation examines the perception of value that has been added to the lives of graduates by using student loans to finance their degree or graduate certificate. Literature on the subject has focused primarily on the rising costs associated with earning a college education, and the continuous increase in the average amount of student loan debt that graduates carry into their careers. A researcher-generated survey was administered to 6 years of …

In Search Of Financial Literacy: A Qualitative Analysis Of Student Money Management Centers In The U.S., Jenny E. Cotton

Electronic Theses and Dissertations

Financial stress and obligations have been identified as the number one reason students leave college. In an effort to address this, colleges and universities have begun to reevaluate their role and responsibility as it pertains to financial education. This has led some institutions to create student money management centers. These centers serve as a resource for students to receive financial counseling and education.

This research explores how administrators within college money management centers perceive and meet the needs of college students on issues of personal finance. Charmaz’ Constructivist Grounded Theory (2006) approach to qualitative research was utilized as the theoretical …

The Word Problem Factor: Assessing The Ability Of Utah High School Career And Technical Education Students To Do The Math Involved In Formulating And Calculating Energy Cost Factors, Kristen Bentley

Theses and Dissertations

Much research has been done showing the difficulty people have with word problems. This has been shown to be true for many types of word problems and for different demographics. Questions have remained unanswered regarding the reasons for this difficulty. It has been unclear if the word problems were hard because the people had forgotten or had not yet learned how to do the math calculations involved or for some other reason. This study deals with high school students who are currently in a high school level math class. They were given an assessment involving word problems and number-only problems. …

The Business Of Transition: A Curriculum, Hayley Hill

Honors Projects

This project consists of a basic money management and business skills curriculum that is intended for students aged 16-20 at the Uganda Orphans Fund (UOF) and has been developed with Uganda’s unique culture specifically in mind. The curriculum aims to equip the young adults at UOF for a successful life, both financially and vocationally, once they leave the orphanage. Currently, the students are equipped with neither personal money management nor basic business skills. With the addition of financial and business comprehension to UOFs current curriculum, students will be provided the students with the ability to make responsible financial and business …