The FDIC reported that 25% of American households are unbanked/underbanked. Lite Tuition is looking for underlining characteristics and educational outcomes of families who are either underbanked or unbanked. We want to identify why they choose to not utilize the financial institutions and what adverse affects their decisions place on them. Most importantly, we want to analyze their educational journey and how either being unbanked or underbanked impacted them. Similarly, what areas or communities tend to fall into the highest category of being unbanked or underbanked in the United States.

Students will need to complete the following to achieve project success:

1. Research around areas within the United States that have the most unbanked/underbanked people and how accessible are banking resources within their area.
2. Restrictions or regulations that either cause or force individuals to be unbanked/underbanked.
3. Review and analyze trends that may alter the outcome of the individuals who are unbanked/underbanked.
4. Communicate weekly findings with Lite Tuition staff and possible scenarios to explore and/or consider.
5. Research the adverse impact that will be put upon families and students with being both banked or unbanked/underbanked.

To ensure students have the necessary support, Lite Tuition will provide the following:

1. Dedicated email for students to reach Lite Tuition staff with a prompt follow-up and response time.
2. Data, direction and resources, including contacts, to obtain needed information for project completion.
3. Weekly meetings, via Zoom or phone call, to review and discuss findings to ensure that optimal project success is met.
4. Lite Tuition will be able to provide internal data relevant to the success of the project.