Iowa State University Financial Counseling Clinic Client Report

Meghan Gillette, Iowa State University
Clinton G. Gudmunson, Iowa State University
Jeanna Nation, Iowa State University

This report is on clients served and services rendered by the Iowa State University Financial Counseling Clinic (2011): 22 pp. Posted with permission.

Abstract

According to client exit surveys, the Financial Counseling Clinic at Iowa State University provides highly satisfactory services to students and non-students in the Ames area. The average level of client financial stress decreased by three points on a ten-point scale after a counseling session. The majority of clients were single, White, Iowa State University students in their early 20s. The biggest concern reported by clients was not having a saving or spending plan. There were differences across ethnic and age groups in the number of financial pressure experienced, stress level, amount of self-reported student loan debt, and self-reported total consumer debt. Interestingly, there were no significant differences in these categories among students enrolled in the various ISU colleges.