Comprehensive financial management training relevant to the needs of students can have a tremendous impact on both the individual and the school. When students understand finance and learn how to make financial decisions early in life, they can better avoid severe financial problems later on. College-aged training in personal finance addresses a critical need for a vulnerable age group, with lessons learned now enduring deep into adulthood. These vital decision-making skills also carry over into many other areas of career and social development.

Academic institutions are in a key position to have tremendous impact by being proactive change agents and attacking a critical problem head on. By furthering their students’ education, preparing them for adulthood with personal financial management training, schools can fulfill their role as educators and responsible community citizens.