Making the Case for Financial Literacy
Money management is an important lesson college students must learn. But, how do you convince those who don't see eye to eye? The following facts can help you make the case that financial education should be included among the many important topics students need to learn.
::Why financial literacy matters:: 
- 60 percent of households don’t have a budget. (Harris Poll, 2015)
- Forty-one percent of millennials are “chronically stressed” about money. (Better Money Habits Millennial Report, 2015)
- In a study of indebted households, the average credit card debt is $15,706. (Federal Reserve, 2015)
::Why campuses should be concerned::
- Financial concerns are the number one reason students drop out of college. (The Chronicle for Higher Education)
- Approximately 65 percent of parents expect to support their children for up to five years after college graduation. (Sallie Mae/Upromise, 2015)
- 50 percent of those currently repaying student loan debt report that they’ve had to forgo saving for emergencies and retirement. And 16 percent report struggling to pay for basic necessities, like food and utilities. (Harris Poll, 2015)
- 54 percent of millennials say debt is their biggest financial concern. (Wells Fargo)
Many students are unprepared to deal with the financial choices they’ll encounter between orientation and graduation. However, they arrive on campus excited and ready to learn. This makes college the ideal place for students to learn the basics of personal finance.
We can help you develop a financial education plan that will reach a large majority of your campus population; increasing the likelihood that by graduation, they’ll be armed with the knowledge they need to succeed, in the workforce and in life.
