Understanding the Impact of COVID-19 on College Students

New Research from AIG Retirement Services and EVERFI

Since COVID-19 swept across the country this spring, colleges and universities nationwide have been met with interconnected challenges unlike anything in recent memory.

To help colleges and universities across the country best serve their students during this time, AIG Retirement Services conducted a study with EVERFI to understand how students are faring in an ever-changing environment and amidst these challenges. 

Key findings

  • COVID-19 has increased college students’ anxiety, and most students are concerned about their physical health.
  • The economic uncertainty brought on by the crisis has created financial implications for students and their families as they pay for college.
  • Despite the challenges, college students are developing strong financial habits amid the pandemic.
  • Many students still want the classic college experience, campus and all.

Read more about the key findings and learn how higher education professionals can enhance student happiness and well-being.

About the study

This survey, conducted by EVERFI and sponsored by AIG Retirement Services, is a nationally representative sample of more than 7,000 college students from 64 institutions of varying size and status located in 26 states. Of the students surveyed, 24% reported they will be only attending class virtually, while 70% of students will be using a hybrid model. Just 4% would be studying in person only. Response dates spanned the beginning of the fall semester of 2020.