Student Loans

Financial literacy necessary to survive personal cliff

James B. O’Neill, director of the University of Delaware’s Center for Economic Education & Entrepreneurship, shared his views on the importance of financial literacy and how we can avoid the ‘personal cliff.’

In his piece for Delaware Online, O’Neill says that many adults “are faced with credit issues starting with simple goods and services and moving to the larger purchases of automobiles and homes.” Read more…

POSTED: February 4, 2013 | BY: admin | TAGS: , , , , , ,

Why Students Need Financial Literacy by Brian Page

Diane Ravitch, former U.S. Assistant Secretary of Education, is a historian of education, an educational policy analyst and a research professor at New York University’s Steinhardt School of Culture, Education, and Human Development. She also writes an education blog that is widely read, and sometime closely scrutinized, but the industry.

Today, her blog featured a guest post by Brian Page, award-winning educator, who demonstrates the same passion and drive for education as Ravitch does.

From Page’s post, “I want our children first introduced to complicated financial concepts and contracts by teachers who love them and who are trying to help them, not by someone trying to trick them. Relying on the school of hard knocks should not be an option anymore. It is time a step is added in the ladder to empower future generations to make wise and informed financial choices. Personal Finance should be integrated into every child’s K-12 educational experience, and a course in Personal Finance should be a semester-long high school graduation requirement.”

We couldn’t agree more. Read the full post here, and see what Ravitch has to say on her blog here.

POSTED: January 16, 2013 | BY: admin | TAGS: , , , , , , , ,

CEE in the News: Financial literacy can help deflate the growing student loan debt bubble

CEE’s Survey of the States was once again utilized as the backbone of support for economic and financial education in our nation’s schools.

In last week’s USA TODAY, Sabina Bharwani and Carrie Sheffield encourage K-12 education in economics and personal finance to prevent the ever-climbing student debt from reaching uncontrollable proportions.

“Teaching personal finance, economics and business in schools is a fundamental task in our hypercompetitive world, yet too few of our schools are on board. In 2011, just 22 states required a high school course in economics and just 14 states required the offering of a course in personal finance, according to research from the Council for Economic Education (CEE). These classes offer a solid foundation for studying our ever-globalizing world and guidance on dealing with tempting credit card offers hitting students’ mail boxes at age 18.”

Read their full column here.

POSTED: January 14, 2013 | BY: admin | TAGS: , , , , ,

CEE in the News: Why Teens Fail at Managing Money

CEE’s Survey of the States is often referenced in articles such as this one from MSN Money, ‘Why Teens Fail at Managing Money.’ Findings from the Survey show that over the last two years, economics and personal finance requirements to graduate high school are slowing and in some cases moving backwards.

Today’s student loan debt is more than the national credit card debt, and if students continue to graduate high school and college without financial literacy, both numbers could continue to climb exponentially.

Read the complete story here, and leave your comments below.

POSTED: January 7, 2013 | BY: admin | TAGS: , , , , , , , ,

More from the CEE