Tuesday, June 5, 2018

Are students prepared financially for the cost of college? - CLAIRE LOWE, Press of Atlantic city

A new survey from Junior Achievement USA and Citizens Bank found many high school juniors and seniors, as well as college freshmen, felt unprepared to pay for college, and even more had not done any research on the topic. The survey also found that between 30 percent and 40 percent of those students had less than $1,000 in their savings account. No local data were available from this survey, but New Jersey does have a financial literacy component in its curriculum standards, meaning students are required to receive some financial education while in high school. Clark said she took a financial class her senior year at the Atlantic County Institute of Technology. While that helped, she wished she had more lessons in filling out financial forms, making a budget and saving. http://www.pressofatlanticcity.com/education/are-students-prepared-financially-for-the-cost-of-college/article_94ed109a-07c7-5a11-b11a-36bcfdfaf9d3.html