The new college craze: Building wealth
“Debt is already a part of many students’ lives,” said Ederick Lokpez, head of student financial education at U.S. Bank. “In our focus groups, students told us that learning basics like savings, investing and credit will help them better manage their debt and finances.”
Of the three areas students are most interested in, credit is the one they typically can start doing something about while still in college.
“They really don’t think about the fact that they don’t have any credit,” said certified financial planner Amy Hubble, an investment advisor and founding principal of Radix Financial in Oklahoma City. “I try to push an understanding of it because it’s one of the biggest pieces influencing their [financial] future.”