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UPUA Conducting Student Financial Literacy Survey

With Penn State’s budget situation uncertain, and a university already with the second highest public tuition in the country, student debt and student aid is certainly a pervasive topic. Penn State students come out of their degree with $9,000 more debt than the national average, and 7.7 percent of Penn State students end up defaulting on their student loans. It’s enough to earn the university a place on the “Financial Aid Not So Great” list by the Princeton Review.

Financial literacy is an issue UPUA has always tried to tackle in various ways, most notably with the establishment of the Student Financial Education Center. Now, our student government is looking deeper into the problem and is hoping to finish out the semester with a report on why Penn State is ranked so poorly and how students use the Office of Student Aid.

“Students are willing to go into thousands of dollars of debt to receive a Penn State education, but they should not have to do that,” UPUA Speaker Emily Miller said. “Our mission as the land grant university of Pennsylvania is to provide students a full spectrum of educational opportunities at an affordable price. Our university needs to ensure that we have the right amount of resources available to help students obtain their degree in a reasonable way and that students know where to go to find those resources.”

The report aims to include testimonials from students about their financial aid experiences and to figure out questions about FASFA, student satisfaction satisfaction, scholarships, and everything else that goes into the financial aid climate at Penn State.

Student are urged to take the survey at this link by Friday.

About the Author

Lexi Shimkonis

Lexi is an editor-turned-staff writer who can often be found at either Irving's or the Phyrst (with the chances she'll have her backpack being the same). Lexi is a senior hailing from Spring City, PA (kind of) and studying Civil Engineering. Please email questions and/or pleas for an Instagram caption to [email protected], or for a more intimate bond, follow her on Twitter @lexshimko.

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