Erratum to: Financial Knowledge and Financial Education of College Students

Abstract

College is the fi rst opportunity for most students to make fi nancial decisions on their own, inde- pendent of their parents. The fi nancial knowl- edge, behaviors, and attitudes that young adults (traditionally between the ages of 18 and 24) may acquire during their tenure at college depend not only on knowledge, skills, and behaviors devel- oped through earlier socialization by family, peers, and early education, but also, to a large extent, on what they observe, learn, and exercise while at college. In turn, this is infl uenced by their expenditure choices (e.g., infl uenced by whether they live on- or off-campus), their payment meth- ods (e.g., credit vs. debit cards), whether they are employed, their use and responsibility for edu- cation debt and other debt, and even the type of college they attend (e.g., public, private, 2- or 4-year, for-profi t).