HEFWA Research Brief - May 2023 - Financial Wellness Program Financing and Budgets

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Date

2023-05-01

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Higher Education Financial Wellness Alliance (HEFWA)

Abstract

This brief outlines how 78 financial wellness programs are financed, what their budgets are, and how these budgets are allocated. Results suggest that several financial wellness programs are unfunded and may operate on a volunteer basis. Moreover, of programs that do have budgets, budgets vary wildly, with some budgets below $1,000 and some near $400,000.

Description

Keywords

higher education, financial wellness, financial literacy, HEFWA, finances, budget, program budget

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Type

Technical Report