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In her defense, when I went to college, we had financial aid advisors whose job it was to explain the options. I can say unequivocally I was not prepared to mak
by tw04 8y ago
In her defense, when I went to college, we had financial aid advisors whose job it was to explain the options. I can say unequivocally I was not prepared to make that decision on my own at that age. Years later, it came out that Banks were giving those advisors kickbacks to steer students to their most profitable loans. In typical fashion, the banks and schools paid a small fine and promised not to do it again, with 0 recourse for the students.
Fortunately I didn't get stuck in something this ugly, but i definitely could have.
Our schools do a VERY poor job of educating students on fiscal responsibility. It's actually something I think every high school should have as a required course.
- rocky1138 8y agoI think it should begin earlier. In primary school, kids should learn that debt is bad. Animal Crossing has done more for this than schools have.
- nighthawk1 8y agoI believe nations do this on purpose. Educating people on savings and thrift can have bad economic consequences
- 5DFractalTetris 8y ago> Our schools do a VERY poor job of educating students on fiscal responsibility. It's actually something I think every high school should have as a required course. I think it's actually that the nation is trying to do away with money, probably since before the Civil War, and up through the abolition of the Gold Standard. The reasons for declining literacy and numeracy (especially financial numeracy) are probably as simple as, "A really good job is being done & many find no use for these skills." Then, for those more-or-less willfully literate, for many years analogies were used as the assessments for entrance to the Universities. That baffles me for obvious reasons.