The 74 Million – Shaun McAlmont
“With student loan debt in excess of $1.5 trillion taking direct aim at the economic prospects of an entire generation, a commission headed by Treasury Secretary Steven Mnuchin has just released new guidelines calling for mandatory financial literacy courses at all institutions of higher education. The report also calls for colleges to do a much better job of explaining the true costs to students, along with getting at the root of the problem by “communicating the importance of graduation and major on repayment of student loans.” These are good, important steps, with just one flaw: By waiting until students are in college, this starts this process much too late, and it misses kids who don’t continue their education beyond high school.” (more)