Many US States fail at teaching high school students about money [TheStreet]

According to John Pelletier, director of the Center for Financial Literacy at Champlain College, states are waking up to the need for personal finance education by making modest improvements in education standards, but they still have a long way to go. Discover more data here  

Student loans outstanding surpass size of US junk market [ValueWalk]

he value of outstanding student debt has exploded in recent years, and debt balances have now reached $1.3 trillion in face value, roughly the same size as the US high-yield corporate bond market according to a recent report from Goldman Sachs analysts Marty Young and Lotfi Karoui.   Learn more here

College heads making $1 Million rise with tuition and student debt [Bloomberg]

President Nathan Hatch of Wake Forest University is one of 58 college presidents with total compensation of more than $1 million, up from 39 in 2014 and 32 in 2013, according to the Chronicle’s calculations. Average total compensation for school heads serving the full year was $569,932, up 9 percent from 2014’s average. The data were drawn from federal tax filings for 500 private, nonprofit […]

Student loan default may put American economy at risk [Business Insider]

More people than ever are defaulting on student loans — and it could put the US economy at risk Approximately 4.6 million Americans have defaulted on federal student loans, according to The Wall Street Journal. This figure includes an increase of 274,000 people over the last three months. At the end of the third quarter of […]

My Money – Elementary Student Workbook [Federal Reserve Bank of Richmond]

The Federal Reserve Bank of Richmond has released My Money – a student workbook for elementary schools, in order to provide a solid tool to teach elementary students about the basis of economics and finance. Topics include money, coin equivalents, jobs, goods, services and barter. Download the workbook here  

TIAA Institute-GFLEC Personal Finance Index Presentation

Researching the implications of Personal Finance and its effect on the life of young adults, TIAA Institute and GFLEC now propose the presentation of their findings. TIAA-Institute-GFLEC-Personal-Finance-Index-GFLEC-Seminar-Series-FINAL  

Should College Students Be Required to Take a Course in Personal Finance? [WSJ]

Annamaria Lusardi, Founder and Academic Director of GFLEC, shares some insights regarding today’s financial environment, and the necessity for students to gain financial education. Read the article here .

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