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Attending college is more expensive<\/a> than ever before, with significant financial burdens arriving at a time in a student\u2019s life when they are first learning how to maintain academics while adapting to an independent lifestyle. This adjustment period is infamously overwhelming<\/a>, as students are expected to rapidly develop skills outside of their familiar surroundings.\u00a0<\/p>\n One of the primary stressors<\/a> for college students is learning how to manage finances. Independently budgeting for grocery trips, books or monthly rent is a skill that not all 18-year-old college students possess; it is something that must be learned, and therefore, someone must teach it.<\/p>\n A recent study found that, when tested, Generation Z participants were only 38%<\/a> accurate on a financial literacy test, the lowest of any other generation quizzed. In particular, college students have significant deficiencies in financial knowledge \u2014 especially<\/a> among historically marginalized students.\u00a0<\/p>\n As more research emerges<\/a> demonstrating the importance of financial education and well-being for students, universities across the United States have created<\/a> relevant programming in response. The University of Michigan is clearly aware of this data, as they launched<\/a> their own financial education program in 2024. By further investing into this program, the University has the opportunity to increase reach and improve student preparation for financial decision-making in post-grad life.\u00a0<\/p>\n