Jobs, debt and financial literacy: WalletHub surveys college students about concerns

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Financial Literacy News

College Students,Debt,Wallethub Survey

Schools aren't doing a good enough job teaching financial literacy, WalletHub Founder and CEO Odysseas Papadimitriou said Wednesday.

showing that nearly half of college students don’t think their school is doing enough to teach them about managing their own money.

Nearly a third of college students in the WalletHub survey said they wished they’d learned more about budgeting before reaching adulthood.said that he’s “occasionally astonished” at how little financial sense some of his very bright students have.Students are taking out loans to go to classes, and they need to be equipped with better financial understanding, Weiler said.The WalletHub survey found that most students, 77%, think their tuition is a good investment.

And Papadimitriou said that’s a problem when it gets in the way of someone taking the risk to start a small business or joining the ranks of a highly needed but lower-pay profession, such as teaching.The student debt burden is the other big concern, Papadimitriou said.

Source: Loan Digest (loandigest.net)

College Students Debt Wallethub Survey Tuition Papadimitriou Education Weiler

 

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