Higher One and EverFi are pleased to release the fourth-year results of Money Matters on Campus, a survey examining the financial attitudes and behaviors of college students from across the United States. This year’s report features survey data from the largest sample of college students to date, totaling nearly 85,000 students from four-year institutions and 4,300 from two-year institutions. The report compares students from these two institution types across various domains of fiscal health, in order to better understand how the college experience plays a role in financial knowledge, opinions and behavior for young adults.

The study reveals several important differences between students from these two sectors. Students from two-year institutions, for example, reported engaging in more fiscally responsible monitoring behaviors including checking account balances and budgeting, but tended to have less overall financial experience. Two-year students also displayed healthier financial attitudes than their four-year peers, as they were more cautious, more averse to debt, more content, more utilitarian and less materialistic.

Over the four years of the study, respondents showed continually decreased plans for responsible financial behaviors—including paying back student loans. Similar to findings in previous reports, money management experience was shown to have positive effects on knowledge and behavior, underscoring the need for young adults to be provided with opportunities to gain financial experience such as managing a bank account before or very early into their college experience.

The study’s findings provide strong evidence that financial education assistance and outreach early in a student’s college experience would be valuable for students across both sectors.

About EverFi, Inc.

EverFi, Inc. is the leading education technology company focused on teaching, assessing, and certifying K-12 and college students in the critical skills they need for life. The company is powering a national movement in 50 states that enables students to learn using the latest technology, including rich media, 3D gaming, simulations, social networking, and virtual worlds. EverFi’s AlcoholEdu® for College is one of the few education technology programs proven to reduce student alcohol use and negative consequences, as demonstrated through independently conducted, empirical research funded by the National Institutes of Health. EverFi has reached more than 12 million students with its online learning platforms. Learn more at www.everfi.com. Learn more at www.everfi.com.

About Higher One

Higher One, a financial technology company focused on higher education, leads the $tart with Change financial literacy initiative dedicated to financially empowering millennials, students and others. Providing financial education, community support, and financial management tools, Start with Change’s mission is to help those with financial challenges to understand how to manage money, make smarter everyday financial decisions and establish strong financial foundations that will lead to a lifetime of smarter money management. More information about Higher One can be found at www.startwithchange.com.