SLA Flash Survey Finds Forty-Three Percent Of Schools Have Financial Literacy Programs; Top Subjects Include Budgeting, Loan Repayment, Credit Cards

Here is the results of the SLA 2009 Financial Literacy Survey: 

Download Financial_Literacy_Programs_Flash_2009

Here is a summary of survey in which 260 financial aid administrators responded to questions about their financial literacy programs:

• 43% of survey respondents indicated that their institution currently provides a financial literacy program
  • 4-year public institutions had the highest prevalence with 48% of these institutions indicating that they had a program currently in place

• For those educational institutions that did not have a financial literacy program, 47%indicated their intent to start one within the next 12-18 months

• The top five topics covered in financial literacy courses (with percentage of those with a program covering the specific topic):

Topic	Percentage
Budgeting	94%
Loan Repayment	86%
Credit Cards	86%
Credit Report	73%
Privacy	72%

• 22% of schools with a financial literacy program indicated that it is a required or mandated program

• The most popular method to deliver financial literacy programs are via in-person group workshops (79%) followed by reference pages on websites (53%), handouts (46%) and on-line tutorials (39%)

• For recommendations provided by survey respondents, see this earlier post