{"id":9061,"date":"2024-07-08T19:42:40","date_gmt":"2024-07-08T23:42:40","guid":{"rendered":"https:\/\/scholarshipowl.com\/blog\/?p=9061"},"modified":"2024-08-03T11:54:59","modified_gmt":"2024-08-03T15:54:59","slug":"stunning-report-96-of-gen-z-students-dont-have-enough-funds-to-pay-for-college-in-the-coming-school-year","status":"publish","type":"post","link":"https:\/\/scholarshipowl.com\/blog\/gen-z-research\/stunning-report-96-of-gen-z-students-dont-have-enough-funds-to-pay-for-college-in-the-coming-school-year\/","title":{"rendered":"Stunning Report: 90% of Gen Z Students Don’t Have Enough Funds to Pay for College in the Coming School Year"},"content":{"rendered":"

In June 2024, ScholarshipOwl<\/a> conducted a survey to find out more about how well Gen Z students are prepared to pay for college in the 2024-25 school year. We were glad to see that most college-bound students will be relying on multiple funding sources to pay for college; however, despite those multiple sources, 90% of respondents reported that they don’t yet have enough funds to pay for college in 2024-25. With the fall tuition bill dropping in August, the unfortunate reality is that the majority of students will turn to student loans to make up the difference. Many students may also reconsider their current college plan, and look for alternate options.<\/p>\n

\"July<\/p>\n

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

In June 2024, ScholarshipOwl surveyed high school and college students on the ScholarshipOwl scholarship platform to learn more about their financial preparedness for college. A total of 9,097 students responded.<\/p>\n

Among the respondents, 64% were female, 35% were male, and 1% identified themselves as other. Nearly half (42%) were Caucasian, 29% were Black, 17% were Hispanic\/Latino, 6% were Asian\/Pacific Islander and 5% identified as other.<\/p>\n

Nearly one-third (32%) of the respondents were high school students, with the vast majority high school seniors; over half (55%) were college undergraduate students, primarily college freshmen and college sophomores; 9% were graduate students and 4% identified themselves as adult\/non-traditional students.<\/p>\n

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

Topic 1 – Will you be attending college in 2024-25?<\/strong><\/h3>\n

We began the survey by asking a qualifying question, so that we could ensure that most of the respondents were planning to attend college in the coming school year. We asked students, \u201cWill you be attending college in 2024-25?\u201d<\/p>\n