Name
Assessing Financial Challenges and Social Connections: Insights From a College-Wide Survey (Part 2)
Date & Time
Wednesday, June 4, 2025, 9:45 AM - 11:45 AM
Description

This study explored college students' perceptions of financial well-being and social connections using a previously validated survey. A total of 679 responses were collected (20% response rate), revealing significant disparities based on gender, ethnicity, first-generation status, and transfer student status. Female students (14%) reported worrying about living expenses, such as food and rent, more frequently than male students (10%; p=0.0253). Non-Caucasian students (24%) were twice as likely as Caucasian students (12%) to report similar concerns (p=0.0149). First-generation students (22%) worried more about academic expenses (tuition/books) than their peers (11%; p<0.001), and non-Caucasian students (26%) were more likely than Caucasian students (12%) to worry about academic expenses (p=0.0387). Students who felt the need to opt out of recreational activities due to financial constraints had a lower average GPA (3.12) compared to those who did not feel obliged to opt out (3.45; p=0.0421). Transfer students (58%) and first-generation students (49%) were more likely to receive no family support for academic expenses compared to their direct-from-high-school (31%) and non-first-generation (32%) peers, respectfully (p=0.004, p<0.001). Similar patterns were observed for living expenses, with 63% of transfer students and 56% of first-generation students receiving no family assistance, compared to 39% of their non-transfer and non-first-generation counterparts, respectfully (p=0.027, p=0.002). Social isolation was also notable. Over 12% of transfer students reported their friendships were not personally satisfying compared to 5.5% of direct-from-high-school students (p=0.0111). About 7.5% of transfers and 6% of freshmen felt they lacked a friend who could support them, compared to 2.5% of non-transfers and only 3% of seniors (p<0.001, p=0.0258). These findings underscore the financial and social challenges faced by specific student populations, highlighting the need for targeted programs to improve financial security, social connections, and mental health support.

Location Name
British Columbia/Alberta/Yukon Ballroom
Full Address
The Westin Edmonton
10135 100 St NW
Edmonton AB T5J 0N7
Canada
Session Type
Poster Presentation
Presentation Topic(s)
Scholarship
Number
117
Authors

Jennifer M. Bundy, Iowa State University
Dariana Glasco-Boyd, Iowa State University
Justin Roberson, Des Moines Area Community College
Howard Tyler, Iowa State University
Jessica Wikstrom, Iowa State University