Education World – Nicole Gorman
“A fifth annual survey from Discover Student Loans reveals that parents are increasingly expecting their children to take financial ownership of higher education costs…Danny Ray, president of Discover Student Loans notes…“With an increase in responsibility comes the need to be prepared, and we encourage families to have discussions early and often on how to pay for college,” he said. This also brings into discussion the need for financial literacy education in America’s classrooms. Because most states do not require that financial literacy be taught in schools, most students never have the option to learn money management skills and financial responsibility before taking out their first student loans…Young adults are aware that they could benefit from financial literacy courses. Last week, a survey from the National Financial Educators Conference found that above any other subject, students think that a money management course would be the most beneficial to their lives.”(more)