Sunday, April 19, 2009

Students, policy makers want financial education

- By Kevin Yu
While many high school students are already burdened by a growing number of graduation requirements, maintaining grades and test scores and applying to colleges, a surprising number are asking for just one more class.
Knowing they will be faced with unprecedented economic challenges in the near future - be it applying for student loans or managing credit card debt - young adults are asking for some help from their teachers.
According to recent research from student loan provider Sallie Mae, students in college are making increasingly poor credit decisions. About 60 percent of students polled by the organization were surprised at the size of their credit card balance and another 40 percent knowingly charged items they did not have the funds to pay for.

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