Higher Education Financial Education Resources Updates. 2023

Overview & Synopsis

In addition to career training and preparation, institutions of higher education can foster opportunities for financial education and promote access to resources for financial decision-making. Educational experiences can play a role in preparing and informing students about their financial decisions and the impact of financial choices they face as students and later in life to set them on a path of long-term financial well-being. Members of the Financial Literacy and Education Commission (FLEC) Working Group on Higher Education, with input from other FLEC members, compiled resources to provide useful information to program leaders, educators, financial aid professionals, and students. The FLEC published higher education reports in 2015 (ED601934) and 2019 (ED601920), and this factsheet represents an update to those publications, highlighting newly-available resources. This resource is meant for students and their families as well as educational institutions that may be guiding students as they make some of these financial decisions. This document focuses on: (1) resources to assist students when making decisions about pursuing higher education, such as the cost-benefit of college, strategies to reduce student loans, and decisions about financial returns of different career paths; and (2) resources for after graduation, including guidance for managing expenses and debt servicing, and more.