Closing The Financial Literacy Gap To Combat Student Debt
October 3, 2013 – “Politicians, academics and students alike have all criticized the ballooning cost of college and its contribution to the existing mountain of outstanding student loan debt. But students also suffer from a lack of financial literacy that leaves them unable to navigate the complex maze of financial aid applications and loan options, further adding to their money troubles even after they leave school,” according to U.S. News & World Report. “‘It comes back to a financial literacy issue and making sure students understand what they’re getting into, how much they’re borrowing and understanding there are different options for them at the end,’ says Megan McClean, director of policy and federal relations at the [NASFAA].”
Read the whole article originally published in: Todays News Feed.