It’s important to teach traditional college students good financial habits before they get deep into debt. College is the first time that most students handle money on their own. They frequently get credit cards or take out student loans without realizing the cost. With fewer college students qualifying for student loans, and those with loans carrying large balances, more students are withdrawing from college for financial reasons. In fact, financial stress is the #1 reason why students are withdrawing from college today. Students who learn how to manage their money are more likely to stay in school and graduate, earning more money over their careers.
Some private and public colleges and universities are taking a new approach by teaching personal financial management skills. Missouri Southern State University, Benedictine University, and Jamestown Business College, and most recently the 46 campuses of the Louisiana Community and technical College System have added money management classes to their curricula. The schools are using an online personal finance program, Goodmoneyhabits.com.
Posted on April 19 at 2:51 p.m.Suggest removal
It’s important to teach traditional college students good financial habits before they get deep into debt. College is the first time that most students handle money on their own. They frequently get credit cards or take out student loans without realizing the cost. With fewer college students qualifying for student loans, and those with loans carrying large balances, more students are withdrawing from college for financial reasons. In fact, financial stress is the #1 reason why students are withdrawing from college today. Students who learn how to manage their money are more likely to stay in school and graduate, earning more money over their careers.
Some private and public colleges and universities are taking a new approach by teaching personal financial management skills. Missouri Southern State University, Benedictine University, and Jamestown Business College, and most recently the 46 campuses of the Louisiana Community and technical College System have added money management classes to their curricula. The schools are using an online personal finance program, Goodmoneyhabits.com.
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