A recent survey reveals that nearly half of college students struggle to focus on academic work due to financial concerns. The fall 2024 Student Financial Wellness Survey from Trellis Strategies illustrates how affordability impacts not only enrollment but retention and future economic mobility. While many students believe their institutions offer necessary resources, a significant gap exists in the awareness of these supports. Additionally, a large percentage of students face significant financial fragility, with issues disproportionately affecting certain demographics such as Black, Latino students, and women.
Nearly half of college students indicate that their financial situation complicates their ability to focus on coursework, revealing a major barrier to academic success.
The survey emphasizes the disconnect between perceived institutional support and actual resource utilization, with many students unaware of the help available to them.
Research indicates that financial difficulty disproportionately affects students of color and women, highlighting the need for targeted institutional support to address these disparities.
Overall, 71% of students reported financial trouble, signifying a critical issue in maintaining their academic paths and future economic mobility.
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