For today’s generation of students, it appears that most students must be taught financial literacy, as this is no longer an acquired skill prior to enrolling in college. This could be for many reasons: increased number of challenges to pay for higher tuition, helicopter parents, taking on financial responsibility later in life than previous generations. But nevertheless this skills gap continues to cause concern.
Financial literacy is a major concern for college and university Financial Administrators. With students graduating with $25,000 on average in debt, the need for such education can’t begin soon enough.
In Nancy Mann Jackson’s e-book, Communicating Financial information on Campus: 8 Best Practices to Build More Financially Literate, Money-wise Students, she examines how a number of institutions are rising to this challenge by targeting and streamlining communication that provides greater context to help increase student awareness of their financial responsibilities. That said, Mann Jackson also makes the case for taking a realistic approach when it comes to dealing with students who are balancing a heavy course load, involved in work study and leading a busy social life.
To learn about how you can take advantage of these teachable moments check out the e-book today.