ENHANCING STUDENTS’ FINANCIAL LITERACY THROUGH FINANCIAL EDUCATION PROGRAMS IN THE DIGITAL ERA

Abstract

This study examines the effectiveness of financial education programs in enhancing students’ financial
literacy in the digital era amid increasing economic uncertainty. Financial literacy has become a critical
competency; however, empirical evidence remains limited, particularly in developing countries and
distance learning contexts such as Universitas Terbuka, Indonesia. This study applies a mixed-method
approach, combining a survey of 100 students with expert interviews. Regression and thematic analyses
were employed. The results show that financial education programs significantly improve financial
literacy; while digital financial engagement strengthens outcomes, it also introduces behavioral risks such
as impulsive financial decisions. The findings highlight that financial literacy is essential not only for
knowledge acquisition but also for enhancing students’ financial resilience in uncertain economic
conditions. This study contributes by extending the empirical understanding of digital financial behavior
and financial literacy in distance learning environments, offering practical insights for developing
adaptive digital-based financial education.