Recent news about the "credit crunch" and it's impact on "main street" is becoming more clear. One group that may feel the increased pressure first is the students on our many University campuses that are borrowing to meet tuition and fees, housing, and cost of living needs.
Now, more than ever, it seems integral that we focus on teaching students about personal finances and how to be smart about them. Far too often, students (especially first generation college goers) set off down the path of debt to fund college without the advice of an experienced adult. Interest rates, repayment plans, and how much is too much should be taught on our campuses through academic courses or student services seminars.
What successful examples of this have you seen on campuses around the nation? Should all students be required to take a course in personal finance? What resources are already available for students to utilize?
A recent opinion piece in the Charlotte Observer shares a few thoughts on how the federal government could respond to the student loans portion of the crunch. Without taking political jabs do you agree/disagree or have a different variation of your own plan to share?
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