Financial Literacy for College Students

Question 1

What percentage of students say they’ve run out of money before the end of the semester?

Accepted Answer

70%

Question 2

What is the average amount a college student spends on textbooks and supplies each year?

Accepted Answer

$1,200 – $1,500

Question 3

What’s a common financial mistake college students make?

Accepted Answer

All of the above

Question 4

What do most college students underestimate the most when it comes to managing their money?

Accepted Answer

Daily living expenses (food, transportation, supplies)

Question 5

What is one of the best ways for college students to avoid overspending and stay on track financially?

Accepted Answer

Track your expenses weekly and stick to a budget

Question 6

True or False: Most college students graduate with no debt.

Accepted Answer

False

Question 7

On average, how much do students spend on coffee alone each year?

Accepted Answer

$600

Question 8

On average, how much do college students spend on food each year?

Accepted Answer

$4,500

Question 9

What’s the average monthly spending on entertainment and lifestyle for a college student?

Accepted Answer

$200

Question 10

True or False: Over 70% of college students work a part-time job while enrolled in classes.

Accepted Answer

True

Questions 10