CNBC – Annamaria Lusardi
“In a new report, the U.S. Financial Literacy and Education Commission “recommends that institutions of higher education require mandatory financial literacy courses.” It is about time. The average student loan debt in the U.S. stands at $33,310. In fact, overall student loan debt is about $1.5 trillion, which means student debt has become the second-largest debt market after mortgages. There are obvious concerns about this mounting student loan debt.” (more)