Credit Action Student Panel Research: Final Reporting ... · Student Panel Research: Final Reporting Presentation Charts March 2013 . ... Aware of email/online format Aware of paper/hard

Credit Action

Student Panel Research: Final Reporting

Presentation Charts

March 2013

Objectives • To evaluate understanding of financial support and money management prior to receiving the Money Manual and again after its receipt

• To collect attitudinal data about how young people approach financial independence

• To compare responses from those who go to university and those who do not, in terms of profile, attitudes and behaviour

• To measure the levels of readership, attention paid and perceived usefulness of the Money Manual

• To compare the profile, attitudes and behaviour of those who read the Money Manual and those who do not

• To consider whether knowledge of financial support and money management has increased since reading the Money Manual

• To understand the impact of the Money Manual on young people and their financial decisions

Methodology and Sample (1)

• An initial panel of 1,500 respondents was recruited. The sample requirements were that members must be

aged between 17 and 20

studying for A levels/Highers or other qualifications or taking a gap year from education

planning to apply or considering applying to university to start in September/October 2012

• All 1,500 respondents completed the Wave One questionnaire.

• All respondents were invited to take part in the Wave Two questionnaire. 587 responses were obtained. At this stage some panel members had changed their intentions regarding applying to university.

• The response rate at Wave Two was lower than hoped, and therefore an additional 300 new members were recruited. All new recruits were intending to start university in September/October 2012.

• 887 respondents (including new recruits and those no longer intending to go to university) from Wave Two were invited to take part in Wave Three. 451 responses were obtained.

Methodology and Sample (2)

• Recruitment was conducted using an online research panel.

• When recruiting the initial panel members, quotas were set based on UCAS statistics to ensure the sample was representative of university applicants.

• The data has been weighted by gender, type of course (arts vs. sciences) and type of school attended by respondents to bring this into line with the original targets for the panel (based on UCAS statistics). Weights were also applied to correct the bias towards those starting university in 2012 introduced by the recruitment of new members at Wave Two.

Timing The timings for each survey were as follows:

Wave One – Panel Recruitment and Baseline Survey: November and December 2011

Wave Two – Panel Member Survey: September 2012

Wave Two – Recruitment of New Members: October 2012

Wave Three – Final Survey: January 2013

Intentions Regarding Attending University

Wave One: Intentions for University (Nov/Dec 2011) Total Sample

80%

20%

0%

20%

40%

60%

80%

100%

I am planning to apply to university tostart in September/October 2012

I am considering applying to universityto start in September/October 2012

NB. Recruits were screened to ensure they were intending to apply or considering applying for university to start in September/October 2012.

Wave Two: Intentions for University (Sept/Oct 2012) Total Sample

62%

6%

19% 13%

0%

20%

40%

60%

80%

100%

Currently attendinguniversity or have aconfirmed place atuniversity this year

(Sept/Oct 2012)

Intending to attend university this year but don’t currently have a confirmed

place

Have applied/amconsidering applyingto university to start

in another year

No longer planningto go to university

Wave Two: Attendance at University By Intentions at Wave One (December 2011)

Base: Original Panel Members only

5865

31

1110

14

1916

29

13 9

27

0

20

40

60

80

100

Total - Planning to apply to uni

(Dec 11)

Considering applying (Dec

11)

%

No longer planning to go

Applied / considering for another year

Intending to start / no confirmed place

Currently attending / confirmed place

Wave Three: Whether currently attending university (Jan 2013)

Base: Those who were intending to start university in Sept/Oct 2012

94%

6%

0%

20%

40%

60%

80%

100%

Yes No

Wave Three: Whether currently attending university (Jan 2013)

Total Sample

64%

36%

0%

20%

40%

60%

80%

100%

Yes No

Wave Two: Reasons for not applying to university in 2012 Base: Those who intend to apply to university to start in

another year. Leading Mentions

16%

2%

34%

26%

3%

24%

3% 1%

0%

5%

10%

15%

20%

25%

30%

35%

40%

Wave Two: Reasons for not applying for university. Base: Those who are no longer planning to go to

university. Leading Mentions

13%

2%

14%

37%

16%

4%

37%

2% 3%

0%

5%

10%

15%

20%

25%

30%

35%

40%

Wave Three: Reasons for no longer attending university. Base: Those who were intending to go to university at the

time of the second survey but are now no longer attending university. Leading Mentions

28%

20% 19% 19%

0%

5%

10%

15%

20%

25%

30%

I wasn’t enjoying the experience

I had to leave due tohealth reasons

I had to leave due tofinancial reasons

I had to leave due toacademic reasons/I was

struggling with mycourse

NB. The results for this question are based on a small sample size (24 unweighted, 18 weighted) and so should be treated with caution

Profile of Panel Members

Wave Three: Profile: Gender

45%

55%

42%

58%

49% 51%

0%

10%

20%

30%

40%

50%

60%

70%

Male Female

Total Currently attending university Not currently attending university

NB. Data has been weighted by gender to bring it into line with defined targets.

Wave Three: Profile: Ethnicity

88%

2% 7%

2% 1%

83%

3% 9%

2% 2%

96%

1% 2% 1% 1% 0%

20%

40%

60%

80%

100%

Whitebackground

Mixedbackground

Asianbackground

Blackbackground

Otherbackground


Wave Three: Profile: Type of educational establishment (detailed)

61%

22% 16%

0%

60%

24%

15%

0%

64%

17% 19%

0% 0%

10%

20%

30%

40%

50%

60%

70%

School Sixth Form Sixth Form College CommunityCollege/Further

Education

Other


NB. Data has been weighted by type of school to bring it into line with defined targets.

Wave Three: Profile: Household financial situation

24%

65%

8%

1% 1%

25%

64%

8%

1% 2%

24%

65%

9%

2% 0% 0%

10%

20%

30%

40%

50%

60%

70%

We are well enoughoff to be able to

afford the luxuriesof life as well as the

essentials

We have enough forthe essentials, butthere is little leftover for luxuries

We hardly haveenough for the

essentials

We need to borrowmoney even for the

essentials

Not sure


NB. Panel member responses are based on their household situation at the time of the baseline survey. Recruits from Sept/Oct 2012 were asked to think of their household before starting university (i.e. Their family household).

Awareness and Usage of Financial Advice Publications

Wave Two: Awareness of student finance publications (in any format, either before or after seeing front cover)

Total Sample

29% 31%

45%

31%

42%

0%

20%

40%

60%

80%

100%

Aware of "MoneyManual forStudents"

Aware of "You canafford to go to uni"

Aware of "A guideto financial

support"

Aware of "TheEssential StudentGuide to Finance"

Not aware of anyof the above

Wave Two: Awareness of “Money Manual for Students” Total Sample

15% 16%

71%

0%

20%

40%

60%

80%

100%

Aware of email/onlineformat

Aware of paper/hard copyformat

Not aware

Wave Two: Awareness of “A guide to financial support for new full-time students in higher education”

Total Sample

25% 21%

55%

0%

20%

40%

60%

80%

100%

Aware of email/onlineformat

Aware of paper/hard copyformat

Not aware

Wave Two: Usage of Each Publication: “Money Manual for Students.”

Base: Those who recall having seen each publication.

15%

31% 39%

7% 4% 4%

0%

20%

40%

60%

80%

100%

I have read allor most of itthoroughly

I have readcertain sections

in detail

I have read itbriefly orskimmedthrough

I haven’t looked at it but I intend

to

I haven’t looked at it and don’t

intend to

Not sure

Wave Two: Usage of Each Publication:“You can afford to Go to Uni”


12%

29%

42%

10% 4% 3%

0%

20%

40%

60%

80%

100%



in detail



to


intend to

Not sure

Wave Two: Usage of Each Publication: “A guide to financial support”


8%

28% 34%

15% 9% 7%

0%

20%

40%

60%

80%

100%



in detail



to


intend to

Not sure

Wave Two: Usage of Each Publication: “The Essential Student Guide to Finance 2012.”


10%

33% 32%

14%

5% 7%

0%

20%

40%

60%

80%

100%



in detail



to


intend to

Not sure

Wave Two: Readership of “Money Manual for Students” By Socio-Economic Group


5 7 7 4 3 0

11 9 1312 12

9

126

1114 18

9

56

6 7 5

2

6772

63 63 62

80

0

20

40

60

80

100

Total - Professional, senior

manager

Middle management

Junior management

Skilled manual Unskilled manual,

unemployed

%

Not seen

Seen but not read

Read briefly

Read sections in detail

Read all or most thoroughly

Wave Two: Readership of “A guide to financial support for new full-time students” By Socio-Economic Group


5 5 4 8 50

14 15 18 1212

15

16 15 14 22

12 20

12 1016

9

125

53 5448 49

58 60

0

20

40

60

80

100

Total - Professional,

senior manager

Middle

management

Junior

management

Skilled manual Unskilled

manual, unemployed

%

Not seen

Seen but not read

Read briefly



Wave Two: Readership of “Money Manual for Students” By Concern about Ability to cope with Money and Finances while at University (Wave One). Base: Original Panel Members only

5 7 3 6 7

11 9 13 11 9

12 12 14 9 10

512 4

4 4

6760

65 71 70

0

20

40

60

80

100

Total - Very concerned

Quite concerned

Not very concerned

Not at all concerned

%

Not seen

Seen but not read

Read briefly



Wave Two: Readership of “A guide to financial support for new full-time students” By Concern about Ability to cope with

Money and Finances while at University (Wave One) Base: Original Panel Members only

5 83 6 6

14 10 18 12 10

1612

1615 21

1210

1412

9

5360

4954 55

0

20

40

60

80

100

Total - Very concerned

Quite concerned

Not very concerned

Not at all concerned

%

Not seen

Seen but not read

Read briefly



Wave Two: Readership of “Money Manual for Students” By Ethnicity


5 5 7

11 11 10

12 12 155 5

5

67 67 63

0

20

40

60

80

100

Total - White Mixed / non white

Not seen

Seen but not read

Read briefly



Wave Two: Readership of “A guide to financial support for new full-time students” By Ethnicity


5 5 3

14 1324

16 15

1912 13

10

53 5444

0

20

40

60

80

100

Total - White Mixed / non white

Not seen

Seen but not read

Read briefly



Wave Two: Overlap of Readership: “Money Manual for Students” by “You Can Afford to Go to Uni”

57%

10% 0% 6%

13%

49%

10% 7%

4%

8%

22% 4%

25% 33%

68% 83%

0%

20%

40%

60%

80%

100%

Read "MoneyManual"

thoroughly/certainsections in detail

Read "MoneyManual" briefly

Aware of "MoneyManual" buthaven't read

Not aware of"Money Manual"

Not aware of "You Can Afford to Go to Uni"

Aware of "You Can Afford to Go to Uni" but haven't read

Read "You Can Afford to Go to Uni" briefly

Read "You Can Afford to Go to Uni" thoroughly/cetain sections in detail

Wave Two: Overlap of Readership: “Money Manual for Students” by “A Guide to Financial Support”

64%

12% 5% 8%

10%

48%

4% 12%

9%

15%

59%

11%

18% 25% 32%

69%

0%

20%

40%

60%

80%

100%

Read "MoneyManual"

thoroughly/certainsections in detail

Read "MoneyManual" briefly

Aware of "MoneyManual" buthaven't read

Not aware of"Money Manual"

Not aware of "A Guide to Financial Support"

Aware of "A Guide to Financial Support" but haven't read

Read "A Guide to Financial Support" briefly

Read "A Guide to Financial Support" thoroughly/cetain sections in detail

Wave Three: Usage of financial advice publications since starting university/since taking part in the last survey

4% 6% 10% 8%

76%

5% 5% 10% 9%

78%

3% 8% 10% 8%

74%

0%

20%

40%

60%

80%

100%

Used "MoneyManual forStudents"

Used "You CanAfford to Go to

Uni"

Used "A Guide toFinancialSupport"

Used "TheEssential Student

Guide toFinance"

Have not usedany of the above


Wave Two and Wave Three: Perceived Usefulness of Each Publication. Mean Score (4=Very useful, 1=Not at all useful) Base: Those who are aware of/have used each publication.

3.01 2.99 2.88

3.01 3.22 3.19 3.14 3.17

1

2

3

4

Money Manual You Can Afford to Go toUni

A Guide to FinancialSupport

The Essential StudentGuide to Finance

Wave Two responses Wave Three responses

NB. Sample sizes for Wave Three are fairly small and so should be treated with caution

Wave Two and Wave Three: Perceived Usefulness of Each Publication: “Money Manual for Students”

Base: Those who have are aware of/have used each publication.

16%

57%

11%

2%

14%

27%

48%

3% 3%

20%

0%

20%

40%

60%

80%

100%

Very useful Quite useful Not very useful Not at all useful Not sure


NB. Sample size for Wave Three is fairly small and so should be treated with caution

Wave Two and Wave Three: Perceived Usefulness of Each Publication: “A Guide to Financial Support”

Base: Those who have are aware of/have used each publication.

10%

51%

10% 4%

24% 27%

53%

13%

0%

7%

0%

20%

40%

60%

80%

100%

Very useful Quite useful Not very useful Not at all useful Not sure


NB. Sample size for Wave Three is fairly small and so should be treated with caution

Wave Three: Experiences of University

Wave Three: Satisfaction with Aspects of University Life. Base: Those who are currently attending university. Mean

Score (5=Very Satisfied, 1=Very Dissatisfied)

4.42 4.22

3.92 3.97 4.23

4.11

3.3

4.18

1

2

3

4

5

NB. Only those living in student accommodation were asked to rate their accommodation experience

Wave Three: Satisfaction with Financial Situation at University Base: Those who are currently attending university

15%

34%

25%

18%

8%

0% 0%

10%

20%

30%

40%

50%

60%

Very satisfied Quitesatisfied

Neithersatisfied nordissatisfied

Quitedissatisfied

Verydissatisfied

Not sure

Wave Three: Overall Satisfaction with University Experiences. Base: Those who are currently attending university.

36%

53%

5% 5% 1% 0%

0%

10%

20%

30%

40%

50%

60%

Very satisfied Quitesatisfied

Neithersatisfied nordissatisfied

Quitedissatisfied

Verydissatisfied

Not sure

Wave Three: Agreement with University Related Statements. I have found it difficult to fit in/make friends at university.

Base: Those who are currently attending university.

6%

17%

8%

22%

42%

1% 0%

10%

20%

30%

40%

50%

60%

Stronglyagree

Slightly agree Neither agreenor disagree

Slightlydisagree

Stronglydisagree

Not sure

Wave Three: Agreement with University Related Statements. I miss my family/friends/home while at university.

Base: Those who are currently attending university and who are living in student accommodation.

19%

47%

13% 15%

4% 0%

0%

10%

20%

30%

40%

50%

60%

Stronglyagree


Slightlydisagree

Stronglydisagree

Not sure

Wave Three: Agreement with University Related Statements. Being at university has helped me to become more

independent. Base: Those who are currently attending university

40% 43%

13%

2% 1% 0% 0%

10%

20%

30%

40%

50%

60%

Stronglyagree


Slightlydisagree

Stronglydisagree

Not sure

Wave Three: Agreement with University Related Statements. I enjoy living away from home.

Base: Those who are currently attending university and who are living in student accommodation.

30%

45%

19%

4% 2% 0% 0%

10%

20%

30%

40%

50%

60%

Stronglyagree


Slightlydisagree

Stronglydisagree

Not sure

Wave Three: Agreement with University Related Statements. The reservations I had about going to university have been

borne out. Base: Those who are currently attending university and who had reservations about going to university.

13%

32% 28%

17%

7% 3%

0%

10%

20%

30%

40%

50%

60%

Stronglyagree


Slightlydisagree

Stronglydisagree

Not sure

Wave Three: Agreement with University Related Statements. I have found some aspects of university life to be less

enjoyable than I had expected. Base: Those who are currently attending university.

10%

38%

28%

17%

6% 1%

0%

10%

20%

30%

40%

50%

60%

Stronglyagree


Slightlydisagree

Stronglydisagree

Not sure

Wave Three: Positive or Enjoyable Aspects of University Experience. Leading Mentions


35%

22%

15% 15%

8%

3% 3%

0%

10%

20%

30%

40%

Meetingpeople/making

friends

My course/thework

Social life Becomingindependent

Nothing Freedom Getting tostudy a subject

I like

Wave Three: Negative or Non-enjoyable Aspects of University Experience. Leading Mentions


26%

18%

8% 6% 6%

4% 4%

0%

5%

10%

15%

20%

25%

30%

Wave Three: Experience of Difficulty of Course Compared to Expectations.


8%

36%

47%

7%

2% 1% 0%

10%

20%

30%

40%

50%

Wave Three: Financial Situation

Wave Three: Means of funding university course and lifestyle. Base: Those who are currently attending university.

80%

56%

13%

31% 28%

1% 5%

25%

0%

20%

40%

60%

80%

100%

Wave Three: Whether sources of income have been sufficient since starting university/since taking part in the last survey.

73%

27%

74%

26%

0%

20%

40%

60%

80%

100%

Yes No

Currently attending university Not currently attending university

Wave Three: Whether budget/set spending limit

77%

23%

78%

22%

0%

20%

40%

60%

80%

100%

Yes No


Wave Three: Attention paid to finances on daily basis

45% 49%

5% 1%

51% 44%

5% 0%

0%

20%

40%

60%

80%

100%

I pay close attentionto my finances

I pay some attentionto my finances

I pay little attentionto my finances

I pay no attention tomy finances


Wave Three: Who takes most financial responsibility while at university/at the moment

75%

9% 16%

0%

77%

11% 12%

0% 0%

20%

40%

60%

80%

100%

Myself Myparents/guardians

Myself and myparents/guardians

equally

Someone else


Comparison of Personality Scales and Attitudinal Statements Over Time

Response to personality scales Mean Score (1=Confident, 7 =Insecure)

Base: Original panel members who completed all three waves

3.61 3.85

3.59 3.62 3.81 3.65 3.61

3.89 3.51

1

2

3

4

5

6

7

Wave 1 Wave 2 Wave 3


Confident

Insecure

Response to personality scales Mean Score (1=Impulsive, 7 =Cautious)


4.22 4.40 4.45 4.31

4.53 4.35

4.12 4.24 4.57

1

2

3

4

5

6

7



Impulsive

Cautious

Response to personality scales Mean Score (1=Free spending, 7 =Careful with money)


4.57 4.55 4.90

4.56 4.57 4.79

4.57 4.53

5.04

1

2

3

4

5

6

7



Free spending

Careful with money

Agreement with Attitudinal Statement: I am too young to start thinking about saving money regularly

Mean Score (5=Agree strongly, 1= Disagree Strongly) Base: Original panel members who completed all three waves

2.45 2.44 2.31 2.33 2.40 2.28 2.58 2.49

2.33

1

2

3

4

5



Agreement with Attitudinal Statement: I feel I am capable of making most decisions for myself


3.78 3.78 3.91 3.82 3.93 3.99 3.73 3.60

3.82

1

2

3

4

5



Agreement with Attitudinal Statement: Being in debt is just part of university life – it doesn’t worry me


2.69 2.57 2.60 2.78 2.69 2.69 2.59

2.44 2.48

1

2

3

4

5



Agreement with Attitudinal Statement: I don’t think it is important for me to manage my financial situation at the

moment Mean Score (5=Agree strongly, 1= Disagree Strongly) Base: Original panel members who completed all three waves

2.29 2.12 2.05

2.23 2.01 2.02

2.35 2.26 2.10

1

2

3

4

5



Agreement with Attitudinal Statement: I often buy things on impulse Mean Score (5=Agree strongly, 1= Disagree Strongly) Base: Original panel members who completed all three waves

3.04 2.89

2.64

3.04 2.92 2.71

3.03 2.85

2.56

1

2

3

4

5



Who was/is expected to take most responsibility for financial situation at university.

Base: Original panel members who completed all three waves and who are currently at university

39%

70% 71%

18%

15% 10% 42%

15% 19%

1% 0% 0%

0%

20%

40%

60%

80%

100%


Someone else

Myself andparents/guardiansequally

Myparents/guardians

Myself

Concern about managing finances at university Base: Original panel members who completed all three waves

and who are currently at university

11% 12%

54% 49%

22%

31%

13%

6% 1% 1%

0%

20%

40%

60%

Wave 1 Wave 2

Very concerned Quite concerned Not very concerned

Not at all concerned Don't know

How well managed finances at university Base: Original panel members who completed all three waves

and who are currently at university

1% 7%

66%

25%

2% 0%

20%

40%

60%

80%

Wave 3

Not at all well Not very well Quite well Very well Not sure

Comparison of Matched Panels

Matched Panel Sample Sizes

4436

90

3222

43

14

12

34

13

12

33

0

30

60

90

120

150

Read MM thoroughly /

sections in detail

Read MM briefly Not seen MM Read MM thoroughly /

sections in detail

Read MM briefly Not seen MM

Non Students

Students

For Wave 3 results only For comparisons Wave 1, Wave 2 and Wave 3

Wave One: Response to personality scales Mean Score (1=Agree with first descriptor,

7 =Agree with second descriptor) Base: Members of defined matched panels

3.36

4.27

2.80

4.73

3.79 4.21

3.68

4.56

3.64

4.34

3.13

4.58

1

2

3

4

5

6

7

Confident - Insecure Impulsive - Cautious Organised -Disorganised

Free spending -careful with money

Read MM thoroughly/read sections in detail matched panelRead MM briefly matched panelNot aware of MM matched panel

Wave One: Response to attitudinal statements Mean Score (5=Agree strongly, 1=Disagree strongly)

Base: Members of defined matched panels

2.11

3.96

3.20 2.80 2.84

3.65 3.41

3.00

2.43

3.86

3.22 2.68

1

2

3

4

5

I am too young tostart thinking about

saving moneyregularly

I feel I am capable ofmaking most

decisions for myself

I'm concerned aboutthe prospect ofleaving home

Being in debt is justpart of university life- it doesn't worry me


Wave Two: A Level Score Base: Members of defined matched panels

15.16 14.88 15.24

0

4

8

12

16

20

Read MM thoroughly/readsections in detail matched

panel

Read MM briefly matchedpanel

Not aware of MM matchedpanel

Wave Three: Attending University Base: Members of defined matched panels

71% 65%

57%

0%

20%

40%

60%

80%

100%

Read MM thoroughly/readsections in detail matched

panel

Read MM briefly matchedpanel

Not aware of MMmatched panel

Wave Three: Hobbies/Extra Curricular Activities Base: Members of defined matched panels who are currently

attending university

46%

14%

47%

0%

69%

13%

0%

20%

40%

60%

80%

100%

Shopping Voluntary work


Wave Three: Attention paid to finances Base: Members of defined matched panels who are currently

attending university

61%

47% 37%

34%

39% 57%

5% 11%

6% 0% 3% 1%

0%

20%

40%

60%

80%

100%

Read MMthoroughly/readsections in detailmatched panel

Read MM brieflymatched panel

Not aware of MMmatched panel

Pay noattention tofinancesPay littleattention tofinancesPay someattention tofinancesPay closeattention tofinances

Wave Three: Whether learnt anything from managing money at university. Leading Mentions

Base: Members of defined matched panels who are currently attending university

43%

23%

5% 7%

47%

19%

6% 8%

60%

12% 7% 2%

0%

20%

40%

60%

80%

100%

Nothing Budgeting/managingmoney

Consider whethersomething is really

needed before buying

Try to build up savingsbefore university

Read MM thoroughly or sections in detail Read MM briefly Not aware of MM

Comparison over time: Personality scales. Mean Score (1=Impulsive, 7 =Cautious)

Base: Members of defined matched panels who are currently attending university

4.27 4.27 4.44 4.21

4.50 4.50 4.34 4.47 4.41

1

2

3

4

5

6

7


Read MM thoroughly or sections in detail Read MM briefly Not aware of MMCautious

Impulsive

Comparison over time: Attitudinal Statement ‘I often buy things on impulse’. Mean Score (5=Strongly agree, 1=Strongly

disagree) Base: Members of defined matched panels who are currently attending university

2.93 2.78

2.33

3.18

2.79 2.71 2.93 2.97

2.75

1

2

3

4

5



Wave Three: Satisfaction with financial situation since taking part in the last survey. Mean Score (5=Very satisfied, 1=Very

dissatisfied). Base: Members of defined matched panels who are not currently attending university

3.50 3.58

3.09

1

2

3

4

5

Read MM thoroughly orsections in detail

Read MM briefly Not aware of MM


Wave Three: Whether budget or set spending limit. Base: Members of defined matched panels who are not

currently attending university

93%

75% 74%

7%

25% 27%

0%

20%

40%

60%

80%

100%

Read MM thoroughly orsections in detail

Read MM briefly Not aware of MM

No

Yes

Summary and Conclusions (1) • Only around two thirds of those planning in December 2011 to attend University actually took up a place the following Autumn. Finance was often a reason for not proceeding with their intention.

• Students have for the most part enjoyed their first few months at University, but they do have some reservations about the experience. In particular, around one quarter of students have concerns about their income sources.

• University life does seem to be increasing the maturity and independence of many students.

• Students are increasingly likely to take responsibility for their own financial affairs in their early months at University.

• Only a minority remember having seen the Money Manual. Awareness of the Manual is at a similar level to most of the other financial publications for students, but is well below that of “A guide to financial support...”.

• The financial publications are all seen as very or quite useful by most of those who have read them. Despite this, only a small minority remember having used one of the publications since starting at University.

Summary and Conclusions (2)

• There is a considerable overlap in readership of the various publications. It could be questioned, therefore, whether all are needed.

• There is weak evidence that, in combination, Money Manual and the other financial publications have increased the financial responsibility of those who have read them thoroughly.

Documents

Credit Action Student Panel Research: Final Reporting ... · Student Panel Research: Final Reporting Presentation Charts March 2013 . ... Aware of email/online format Aware of paper/hard