Extremely
Very
Somewhat
Not so well
Not at all
FAMILIARITY WITH LOAN TERMS/POLICIES
21%
25%
26%
18%
11%
29%
of survey respondents who took out student loans say they did not understand the terms of their loans before taking them out
0
60%
30%
0
60%
30%
Parents
Self-taught
Teachers
Peers
Didn't learn
37%
of respondents who took out student loans say they taught themselves about personal finance
53%
37%
26%
12%
14%
SOURCE OF PERSONAL FINANCE KNOWLEDGE
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.