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College presents a unique time in a young person’s life where financial literacy education is particularly important. Because of the continuous rise of college costs, financial literacy programs have become necessary for college students to handle their finances responsibly, like their student loan debts, among others. Finding the right resources is the first step in how to become financially literate . 7 Reasons Why Financial Literacy is Important. Finances are sometimes the farthest thing from a student’s mind during college. The results provide important insight into financial education opportunities for students, parents, campus administrators, and financial professionals and educators. In the past, a teacher telling kids how to spend their allowance money might be promptly put in her place by the PTA. “Many young adults lack financial literacy, economic stability, study finds.” Science Daily. Its purpose is to provide students with relevant information to increase their financial literacy. Financial literacy is important because it equips people with an understanding of basic financial concepts to inform their real-world financial decisions. Financial Literacy Brings an Understanding of Debt One of the biggest problems that young people face is burdensome student loan debt. In addition, we'll cover why it's so important, and how it can address the financial issues students start facing before they decimate their non-existent credit score. All students should graduate from high school, college-and-career ready, which includes having a strong foundation in financial literacy. It shouldn’t just be taught in school but should also be taught at home, even for young kids. Not surprisingly, in 2015, the PISA financial literacy assessment found that only one in ten 15-year-olds achieved the highest proficiency level. Financial literacy … It’s crazy that more than half of states don’t have a finance or economics class as a requirement for high school graduation! Financial Literacy. Three years after implementing a financial education mandate for high-schoolers in Georgia, Idaho, and Texas, all three states saw increased credit scores and lower … The effects of financial literacy education in high school continue to influence attitudes and behaviors toward money management for students well after graduation, according to newly released study. Thanks to guest writer Krisca C. Te for working with me to develop this feature post on the importance of financial literacy education for our high school and college students. College students’ average credit card debt rose 46% from 1998 to 2000 to $2,748; nearly 10% of students owe more than $7,000. You may have to save money for food, entertainment, and school-related expenses. The Program for International Student Assessment, an international assessment of math, is now including a financial literacy component. Why Financial Literacy is Important as a College Student. It is a severe problem that students need to … Our resources for college students cover a number of important topics faced by young people who may be living on their own for the first time. If you are wondering why financial literacy for students is important, keep the above considerations in mind, and for all of your custom academic essay writing needs, get in touch with Homework Help Global. The PISA financial literacy important for adult life being smart about money makes a difference goal. With high levels of debt correct course and better prepare themselves for.... 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