Follow Me @


Tuesday 10 March 2015

Why Financial Education?

It is a sad fact today that most people starting with students are financially illiterate.

Here are some sobering facts:

The average score on a freshman "financial literacy exam" was 59%, according to the JumpStart Coalition.
The average student has roughly $23,000 in student loans, $4,000 in credit card debt and four credit cards.
An average of 7% percent of graduates default on their student loans within the first few years.

Here’s what students are begging to understand:

84% say they need more education on financial management, according to Sallie Mae.
62% say their knowledge of credit reports is either fair or poor, according to the Consumer Federation of America.
60% have only a vague understanding of their debt, according to
Thank you,

No comments:

Post a Comment