Edvisors Private Student Loans

Scholarship News

Financial Education Gaining Ground in High Schools


January 25, 2010
by Scholarships.com Staff
Whether it’s preparing students for college or providing vocational education, one of the purposes of high school is to help students transition from depending on their parents to living in the real world.  Recently, more high schools have begun incorporating personal finance into their core curricula, hoping to prepare students to manage the money they make once they move out on their own.

Whether it’s preparing students for college or providing vocational education, one of the purposes of high school is to help students transition from depending on their parents to living in the real world. Recently, more high schools have begun incorporating personal finance into their core curricula, hoping to prepare students to manage the money they make once they move out on their own.

Money management courses have been offered by high schools for decades, but they were often included in family and consumer sciences classes, often with vague and unappealing names like “independent living.” Many college-bound students would regard these as blow-off classes that couldn't possibly relate to their lives, while other students might avoid them out of fear of having their GPA torpedoed by demonstrating inadequate ability to sew, cook, or care for a baby doll.

However, widespread financial difficulties of the last few years have prompted an increased interest financial literacy among high school and college students who are hoping to avoid the mistakes they see their family and friends making. Financial literacy classes have also changed, focusing on a wider range of skills required for modern life, including taking out a mortgage and starting a retirement fund, rather than the checkbook-balancing and grocery shopping skills students may have found themselves learning just a few years ago.

As the value of personal finance education has become more apparent, states and school districts have begun incorporating it into their core curricula. According to the Council for Economic Education, 13 states require personal finance courses for high school graduation, up from seven in 2007, and a total of 34 states now require schools to implement content standards for personal finance education.

Taking personal finance classes in high school can prepare students to make smart financial choices right out of the gate, rather than learning the hard way in college or after. Students with a strong personal finance education may be able to avoid the financial pitfalls that trapped their parents, potentially helping to break the cycle of poverty for some, and helping others minimize suffering from credit cards or student loans acquired in college. Some school districts believe so strongly in playing a greater role in financial education that they’ve started guiding students toward healthier financial habits as early as kindergarten, according to an article in USA Today.

Colleges have also begun putting more emphasis on financial literacy. In the last few years, a number of colleges have added financial literacy courses, while others are offering or better publicizing financial counseling and advising services. One school, Syracuse University, has even tied financial aid to financial literacy for some students, offering grants to a selected group of students if they agree to participate in a financial education program.

Even if your high school or college doesn’t offer financial literacy training, it’s important to educate yourself about personal finance and build money management skills. Learning how to budget, pay bills on time and build your credit score can help you live a better and less stressful life before, during and after college.

Just because there are millions of college scholarships out there doesn’t mean you have time to go searching, and many won’t even match your profile. We’ve done the work and Scholarships.com is totally free. We have the search algorithms and scholarships database, saving you time in searching, finding and applying to thousands of dollars in college scholarships. Get instantly matched to scholarships that meet your unique talents, skillset and strengths, only those you qualify for. Access a complete list of college scholarships now by conducting a free college scholarship search at Scholarships.com.

Discuss

Share your thoughts and perhaps thousands of students will benefit from your unique insight on the subject!



If you can read this, don't touch the following fields


 
Philanthropist MacKenzie Scott, founder of the Giving Pledge charity, has been looking to donate her considerable wealth to worthy causes. Among the charities and institutions where she has donated money are a number of Historically Black Colleges and Universities (HBCU), including Howard University and Tuskegee University.

Charitable Donations to HBCUs from Noted Philanthropist

August 6, 2020 11:29 AM
by Izzy Hall
Philanthropist MacKenzie Scott, founder of the Giving Pledge charity, has been looking to donate her considerable wealth to worthy causes. Among the charities and institutions where she has donated
The federal work-study program is a way in which college students can work part- or full-time while simultaneously attending school in order to help pay for college-related expenses. The program, available at the undergraduate, graduate and professional level, may face some changes amid the novel coronavirus pandemic.

College Work-Study Jobs Face Changes During Pandemic

August 4, 2020 4:04 PM
by Susan Dutca-Lovell
The federal work-study program is a way in which college students can work part- or full-time while simultaneously attending school in order to help pay for college-related expenses. The program,
Senator Lamar Alexander of Tennessee, the current chairman of the Senate education committee, has recently proposed the Student Loan Repayment and FAFSA Simplification Act, a piece of legislation that would allow students with no income to forgo federal student loan repayments. His recommendations, which he developed with bipartisan support, would also simplify the FAFSA and reduce the number of federal loan repayment options from nine to two.

Senator Outlines Student Loan Relief in New Proposal

July 30, 2020 11:49 AM
by Izzy Hall
Senator Lamar Alexander of Tennessee, the current chairman of the Senate education committee, has recently proposed the Student Loan Repayment and FAFSA Simplification Act, a piece of legislation
Have your financial circumstances changed due to COVID-19? You’re not alone. Many students and their families have faced unemployment, reduced job hours and general loss of economic stability in the wake of the pandemic. And as the FAFSA determines your Expected Family Contribution (EFC) based on income from the previous year, students may have greater financial need now than they did when they initially filed for federal aid. Unfortunately, the deadline to submit the FAFSA passed at the end of June. However, it is not too late to appeal your student financial aid from your chosen institution.

It’s Not Too Late: Guide to Appealing Financial Aid

July 28, 2020 1:20 PM
by Izzy Hall
Have your financial circumstances changed due to COVID-19? You’re not alone. Many students and their families have faced unemployment, reduced job hours and general loss of economic stability in the
The FAFSA is a critical tool for both applying to colleges and applying to scholarships – in fact, need-based scholarships often require that you submit the FAFSA as part of your application. So, in a time of economic uncertainty caused by the coronavirus pandemic, it’s surprising to learn that many low-income and minority students did not submit the FAFSA for the upcoming academic year even though they would’ve been eligible for federal aid. At Scholarships.com, we don’t want students to miss out on any form of college financial aid. Applications for the next academic year will open soon, so get prepared by reviewing these FAFSA facts.

The FAFSA: Why You Should File (And How!)

July 23, 2020 3:47 PM
by Izzy Hall
The FAFSA is a critical tool for both applying to colleges and applying to scholarships – in fact, need-based scholarships often require that you submit the FAFSA as part of your application. So, in
While the CDC has not finalized their guidelines for reopening schools for the Fall 2020 semester, the New York Times discovered an unreleased document in which the organization reviews the safety protocol of a handful of institutions of higher education. How are the reviewed schools planning on confronting the coronavirus on campus this fall?

CDC Reviews Higher Ed Reopening Plans for Fall 2020

July 21, 2020 11:47 AM
by Izzy Hall
While the CDC has not finalized their guidelines for reopening schools for the Fall 2020 semester, the New York Times discovered an unreleased document in which the organization reviews the safety
A new survey detailing what rising high school seniors think about college amid the COVID-19 pandemic indicates that despite being unable to visit colleges for much of the year, rising high school seniors are already looking toward fall 2021 and are optimistic that higher education will be back to normal by that time. As a general whole, the survey findings show that the COVID-19 pandemic has not dampened prospective students' interest in attending college in fall 2021.

Where High School Seniors Stand on Coronavirus and College

July 16, 2020 9:48 AM
by Susan Dutca-Lovell
A new survey detailing what rising high school seniors think about college amid the COVID-19 pandemic indicates that despite being unable to visit colleges for much of the year, "rising high school
Fraternities and sororities are important institutions that connect young men and women throughout their academic careers, forming close relationships that last into their professional lives. Fall semester is an exciting and busy time for fraternities and sororities as they welcome members back to campus and hold Rush Week events to hand-pick new members. Returning fraternity and sorority students have a big challenge for Fall 2020 — how will they adapt Greek Life and Rush Week for the coronavirus era?

Rush Week/Greek Life for Fall 2020

July 14, 2020 2:41 PM
by Izzy Hall
Fraternities and sororities are important institutions that connect young men and women throughout their academic careers, forming close relationships that last into their professional lives. Fall