College students face a pile of student loans and credit-card debt, but many don’t understand financial basics.
A recent survey of more than 25,000 college students from financial firm AIG AIG, -0.28% and education training company EVERFI revealed that students struggle, a lot, with even basic financial literacy about things like student loans, credit cards and more.
1. If a late payment is sent to a collections agency, how long will it remain on your credit history even if you have paid it off?2. What is the formula for calculating your net worth?D) Assets divided by liabilities A) For certain federal-loan programs, the interest on your loans is paid for by the federal government while you are in school and during grace periodsC) Entrance loan counseling for all first-time borrowers is required
One possible reason why so few college students aced this quiz: Only five states currently require high-school students to take a personal-finance class, as MarketWatch explored this year.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
More than half of community colleges are too expensive for low-income studentsNew research highlights the challenges students face finding an affordable college.
Read more »
Parents in college cheating scandal say money was for charity, not a bribeSeveral lawyers told NBC News that a trial was “inevitable” at this point, suggesting that plea deals are no longer being considered for many of the defendants.
Read more »
The frustrating reason college students miss out on the most suitable federal-aid loansA new study sheds light on how the complicated design of student-aid programs affects borrowing decisions.
Read more »
Walmart will recruit high school students with free SAT prep and $1 a day college tuitionWalmart is struggling to find talent in a tight jobs market. So the retailer is reaching out to high school students with a new pitch: Come work at Walmart and we'll cover your SAT prep and college tuition.
Read more »
Almost 80 percent of college students say abortion should be legalA recent poll also found abortion could be a make or break issue for the presidential election when it comes to college students.
Read more »
Government investigates college for alleged civil rights violation after students vote against pro-Israel groupIf a Title VI violation is found to have occurred, the college could possibly lose federal funding or the case could be turned over to the Department of Justice.
Read more »
Elizabeth Warren criticizes letting students pay for college by selling a stake in their future earningsIn letters to Secretary of Education Betsy DeVos and some colleges, Warren and colleagues say ‘income-share agreements’ risk being ‘predatory and dangerous...
Read more »
More colleges allowing student-parents to bring kids to classA growing number of college professors are allowing students to bring their children to class — something they hope offsets childcare challenges and will keep parents from putting their education on hold.
Read more »