While loan debt is worrisome, it’s far from the only financial challenge college students face – including their own basic financial literacy.
Institutions like Ohio State University are taking a more holistic approach. Education Dive recently highlighted how these colleges and universities are helping students achieve better financial health. Beyond financial aid, Ohio State offers one-on-one coaching services, group presentations and workshops, and a range of optional and mandatory interventions.
As we move further into the 21st century, support of this type will grow ever more important. What we’re seeing in the generation coming up is an increased pragmatism related to their financial future and quality of life. The ability to help them achieve greater financial wellness before leaving campus could prove to be a highly appealing differentiator. Savvy colleges and universities will get in front of this trend – and showcase their offerings accordingly.