A new “flash poll” from Student Lending Analytics says yes. The group, which advises colleges on student-loan options, found that 43 percent of the 260 colleges that responded had a financial-literacy program in place. And almost half of the colleges that did not have a program planned to start one within the next 12 to 18 months.
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3 Responses to Are Financial-Literacy Programs Gaining Popularity?
dnewton137 - October 1, 2009 at 5:40 pm
Financial literacy programs should be mandatory for all MBA students, particularly those planning to pursue careers on Wall Street.
davidbinder - October 1, 2009 at 7:24 pm
Although I’d not disagree with the need to include financial literacy programs in MBA programs, I’d argue that they should be part of the undergraduate general education curriculum. Most students will not go on to a graduate program and the one who do not are, in my experience, the ones who most need such a program. It seems to me that in today’s environment, all citizens need financial literacy. I’d even argue for its inclusion in K-12 curricula. I see too many students at all levels who have not a clue as to how the consumer financial world functions.
regis - October 2, 2009 at 10:57 am
As a financial aid counselor at a private university, I see all too often that students learn their attitudes and actions towards finances from their parents. Parents are leading their children by example when it comes to money. Including it in K-12 curriculum would help to teach behaviors to students who do not have a good example at home. Also, a lot of the financial literacy programs available on campuses are organized by student loan lenders. Although the information they teach is all good and relevant, the message is lost when they turn around and give loans to those students at 12%+ interest that will capitalize until graduation…