{"id":8991,"date":"2024-02-20T12:59:09","date_gmt":"2024-02-20T17:59:09","guid":{"rendered":"https:\/\/scholarshipowl.com\/blog\/?p=8991"},"modified":"2024-02-20T13:02:14","modified_gmt":"2024-02-20T18:02:14","slug":"more-than-half-of-gen-z-students-have-no-funds-for-college-next-year","status":"publish","type":"post","link":"https:\/\/scholarshipowl.com\/blog\/gen-z-research\/more-than-half-of-gen-z-students-have-no-funds-for-college-next-year\/","title":{"rendered":"More Than Half of Gen Z Students Have No Funds for College Next Year"},"content":{"rendered":"

Every month, ScholarshipOwl<\/a> conducts surveys to help us to gain a deeper understanding of Gen Z, especially regarding their readiness for college. Given the current economic conditions, we decided to focus last month’s survey on students’ ability to afford college in the coming school year. We had anticipated that the majority of students would not yet have the funds needed, but we were stunned to learn that over half (56%) of the students said that they have not yet secured any funds at all from scholarships, federal or state grants, income from a job, personal savings or funds from family for college next year.<\/p>\n

\"56%<\/p>\n

Who participated in the survey?<\/b><\/h2>\n

In January 2024, ScholarshipOwl surveyed high school and college students on the ScholarshipOwl scholarship platform to learn more about their views about the value of college. A total of 9,762 students responded.<\/p>\n

Among the respondents, 60% were female, 39% were male, and 1% identified themselves as other. Nearly half (47%) were Caucasian, 21% were Black, 18% were Hispanic\/Latino, 6% were Asian\/Pacific Islander and 6% identified as other.<\/p>\n

Nearly two-thirds (61%) of the respondents were high school students, with the vast majority high school seniors; nearly one-third (32%) were college undergraduate students, primarily college freshmen and college sophomores; 6% were graduate students and 2% identified themselves as adult\/non-traditional students.<\/p>\n

Survey questions<\/b><\/h2>\n

Question 1<\/h3>\n

We began the survey by asking students, \u201cWhich of the following best describes the total cost of attendance (tuition & fees, room & board, books\/supplies, etc) at the college you’ll be attending in Fall 2024?\u201d<\/p>\n