Shrestha Tiwari and Asha Saxena
This review paper explores the impact of financial literacy on investment patterns in the higher education sector, emphasizing how financial knowledge influences the financial behaviors and decisions of students, faculty, and administrative staff. Financial literacy, defined as the ability to understand and effectively use various financial skills, plays a pivotal role in shaping investment choices, particularly in an environment where individuals often manage personal finances while pursuing academic or professional growth.In the context of higher education, financial literacy can affect decisions related to savings, debt management, retirement planning, and investments in education, such as student loans or further qualifications. This paper reviews existing literature, key studies, and international data to evaluate the relationship between financial literacy and investment behavior in higher education institutions. It examines demographic factors, including age, income, and educational background, and how they correlate with financial decision-making in this sector.Additionally, the paper discusses the influence of financial literacy programs, the role of digital financial platforms, and the long-term effects of financial education on financial stability and investment choices. The review highlights challenges such as financial knowledge gaps among students and faculty, as well as the need for enhanced financial education initiatives within the higher education sector to promote informed decision-making and financial well-being.
Financial Literacy, Investment Patterns, Higher Education Sector, Financial Knowledge, Demographic, Age, Income, Decision-Making.