Study Addresses Student Debt and Financial Literacy at Iowa State



Cynthia Needles FletcherAMES, Iowa — One in eight Iowa State University students don't realize they owe student loans, while two in five don't realize how much they owe. A recent study of Iowa State students represents the latest effort to address their student debt and financial literacy.

Cynthia Needles Fletcher, a professor of human development and family studies and family resource management specialist with ISU Extension and Outreach, was one of the researchers who conducted the study.

"Our goal is to use the information to target and improve our education and counseling programs, and to see how this information can also inform the body of research surrounding college students and their financial capability," Fletcher said.

Read more in the news release from Iowa State University News Service.

-30-


Comments

I think this is a good insight for I am a student also who would like to know about debt and financial literacy. Thanks guys!

You've made some decent points there. I checked on the net for additional information about the issue and found most individuals will go along with your views on this web site...

In the UK students are allowed almost 20 years to pay off their student debts which means that when they start work they are not expected to pay back their student debt until they are earning above a certain threshold.

I think this is a much fairer system than in the US..if students in the UK also fall into debt they have the protection of government backed IVA's to help them out.