How does financial stress impact students?

Outstanding student loan debt has risen to close to $1 trillion, and unemployment rates are exceeding eight percent. What effect does this have on students and recent graduates?

Recently, Inceptia commissioned a national survey to explore the impact of financial stress on students. The results were sobering.

It comes as no surprise that the need to repay loans was the number one source of stress on students. In fact, four out of the top five stressors were related to personal finances – repaying loans, obtaining loans, the cost of education and finding a job after graduation. The only non-financial source of stress to make the top five was the challenge of academic work. And, more than one third of respondents in the survey reported that financial stress had a negative impact on their academic performance.

Inceptia encourages universities to take a closer look at the impact of financial stress on currently enrolled students and recent graduates and to dedicate more resources to supporting the success of their students. It's our shared mission to help all students become financially responsible adults.

To read more about the sources of financial stress on students and recent graduates, read our white paper "Financial Stress: An Everyday Reality For College Students."

For a variety of helpful Inceptia resources, visit our white paper library.