Financial Education with College Students: Comparing Peer-led and Traditional Classroom Instruction

Trent W. Maurer, Sun-A Lee

Research output: Contribution to journalArticlepeer-review

20 Scopus citations

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.

Original languageAmerican English
JournalJournal of Family & Economic Issues
Volume31
DOIs
StatePublished - Jan 1 2011

Keywords

  • Peer financial counseling
  • Traditional classroom instruction
  • Undergraduate students

DC Disciplines

  • Educational Methods
  • Higher Education
  • Curriculum and Instruction
  • Finance and Financial Management
  • Educational Assessment, Evaluation, and Research

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