The Role Personal Finance Classes Play in Repaying Student Loans

student loanThere’s no doubt about the financial hardships many Americans face today. In fact, these hardships – low savings or none altogether, overwhelming student loans and other loans in general not forgetting the constant search for “better” personal finance advice – all point to a need for personal finance education.

At the moment, several states require schools to add personal finance classes, but the real debate here is whether or not personal finance classes will improve people’s financial situations. Well, the answer may lie in one study that aimed to find out the effects of personal finance education on federal student loan repayment.

Daniel Mangrum, a Ph.D. candidate in economics was the man behind the study and hailed from Vanderbilt University. From his study, he concluded that students from states that required them to go through personal finance education were likely to start student loan repayment in a year. Continue reading

The Road To Hell . . . [Video]

“. . . is paved with good intentions. But those good intentions do not cause the harm; they prevent us from seeing it.”

[youtube=http://youtu.be/LHFuQvXn8MU]

In his latest Firewall, Bill Whittle shows how little things — student loans; the Path to Heck — can go as dreadfully wrong from good intentions as the genuine horrors on the real Road to Hell.


SF Source TruthRevoltOriginals Jan 16 2015

(Thanks, Minty)