NDSU Student Financial Wellness Survey
View a quick summary of NDSU’s Financial Wellness Results [link to https://sway.com/gVCy5zC1Re2wNVW8]. In the fall of 2014, NDSU participated in the National Student Financial Wellness Study (NSFWS). The NSFWS was sponsored and administered by the Ohio State University and collaborators from Cuyahoga Community College, DePaul University, Iowa State University, Oberlin College, Ohio University, and Santa Fe College. A total of 298 NDSU students participated in the survey.
Key findings included:
- 45% of NDSU’s respondents listed student loans as the primary source of funding for tuition.
- “Current employment” was most frequently listed by NDSU respondents as the primary source of funding for housing, food, entertainment, apparel, expenses for family, and transportation.
- 13% of NDSU's respondents (or 19% of respondents who used student loans for college) expected to have between $30,000 and $39,999 in debt when they complete their current degree. 24% of NDSU's respondents expected to have $40,000 or more in loan debt when they complete their current degree. 29% of NDSU's respondents do not currently have and have not ever had a loan to pay for college.
- A larger percentage of NDSU's respondents who used student loans reported using private loans (12%) or a combination of private and federal loans (35%) than respondents at other participating 4-year institutions (4% and 19%, respectively).
- 88% of NDSU's respondents either are not acquiring debt as a student or agreed or strongly agreed they will be able to pay off any debt acquired after graduation. This is higher than respondents at other participating 4-year public institutions (83%) and participating 4-year private institutions (80%).
- 69% of NDSU's respondents agreed or strongly agreed that "I feel stressed about my personal finances in general."
- 40% of NDSU's respondents agreed or strongly agreed that "I worry about being able to pay my current monthly expenses."
- 70% of NDSU's respondents agreed or strongly agreed that "When I think about my financial situation, I am optimistic about the future."
The full report on NDSU’s participation in the National Student Financial Wellness Study is also available.NDSU offers students resources to support their financial wellness. For more information about resources, contact NDSU’s Health and Wellness Promotion Coordinator at Emily.firstname.lastname@example.org.