Original Paper

Journal of Family and Economic Issues

, Volume 32, Issue 4, pp 680-689

Financial Education With College Students: Comparing Peer-Led and Traditional Classroom Instruction

  • Trent W. MaurerAffiliated withDepartment of Hospitality, Tourism, & Family and Consumer Sciences, Georgia Southern University Email author 
  • , Sun-A LeeAffiliated withDepartment of Hospitality, Tourism, & Family and Consumer Sciences, Georgia Southern University

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Abstract

This project compared the learning gains from teaching financial literacy skills to undergraduate students through two methods: traditional classroom instruction and peer financial counseling. Students at a southeastern university received instruction through either a semester-long course on family economics (N = 78) or a one-hour peer-led session (N = 149). Students in the peer sessions received instruction on either budgeting (n = 94) or credit (n = 55). Students in the course received extended instruction on budgeting, credit, and other topics. Comparisons of posttest learning revealed similar gains between the two methods on shared content and on planned financial behaviors. Results suggest additional investigation to explore peer financial counseling for teaching financial literacy skills may be warranted.

Keywords

Financial education Peer financial counseling