Case Study: Indiana University Reduces Student Loan Borrowing with EVERFI

How Indiana University Uses Online Courses to Help Students Get Smart About Money

Indiana University faced a growing student debt challenge that affected student success, retention, and overall financial well-being. To address it, the university looked for a scalable way to provide practical financial education to its students and support smarter borrowing decisions. EVERFI’s online financial literacy courses, delivered through IU’s MoneySmarts program, were used to help reach students across campus.

Working with EVERFI, Indiana University implemented an online financial wellness program backed by analytics, peer education, and improved financial aid practices. The solution was easy to deploy and helped educate 12,000 to 14,000 students each year. Since 2012, the university has reduced student loan borrowing by $44 million, a 16% decrease, showing a measurable impact from EVERFI’s program.

Indiana University

Phil Schuman

Director of Financial Literacy