Study: College Students Worry About Debt, But Not Overdrafts
College students need more than Credit 101 — they need schools with holistic financial literacy programs.
That's the message of a new study by EverFi. It says reactionary help, such as default management or loan exit counseling, isn't as good as teaching students money management all along.
"A freshman in college may benefit most from education around school loans, budgeting while in school, and credit card behavior, whereas seniors in college may benefit more from education around budgeting for life on their own, retirement planning, and mortgages," the study says.
No comments:
Post a Comment