Students are Struggling.
83% of post-secondary students are experiencing financial challenges.
In the first half of 2020, The Canadian Foundation for Economic Education (CFEE) surveyed nearly 1,500 post-secondary students across Canada at 94 different institutions.
Help! Managing Your Money on Campus was Born
The Help! program was designed to address the specific needs of post-secondary students through first five, then eight, and now ten peer-delivered financial literacy workshops.
Our Findings:
The top five challenges students are facing across Canada:
Dealing with financial stress in general (64%)
Preparing and working with a budget (57%)
Paying tuition fees (53%)
Paying and managing monthly living expenses (50%)
Difficulty generally knowing how to manage their finances (48%)
The top five topics students would like to know more about:
Investing money for the future (76%)
Ways to save money/creating and working with a budget (59%)
Building a financially healthy life (55%)
Preparing tax returns (55%)
How to manage major expenditures (55%)
The top five ways students would like to learn about managing their money:
Help from parents/guardians (64%)
Websites and online resources (62%)
Help from a financial institution (55%)
Financial advisor (50%)
On-campus workshops providing tools and resources (43%)