of survey respondents who took out student loans say they did not understand the terms of their loans before taking them out
29%
FAMILIARITY WITH LOAN TERMS/POLICIES
Extremely
21%
Very
25%
Somewhat
26%
Not so well
18%
Not at all
11%
0
30%
60%
of respondents who tookout student loans say they taught themselves about personal finance
37%
SOURCE OF PERSONAL FINANCE KNOWLEDGE
Parents
53%
Self-taught
37%
Teachers
26%
Peers
12%
Didn't learn
14%
0
30%
60%
Source: Business Insider Intelligence, “Master Your Money: Learn & Plan Survey.” 2,007 US adults ages 19–37 were surveyed online during November 22–27, 2019.