ABSTRACT
As nancial literacy increasingly becomes a hot topic across the country, higher education has not been exempt from the conversation about the need to better prepare students to face their nancial future. is pressure to better prepare students for their nancial lives is further fueled by the increase in student loan debt that students assume to attain a degree, the increase in student loan default among those who borrow for educational purposes, low nancial knowledge levels (Trombitas, 2012), and the perceived societal increase in pressure to create a nancial return on investment for a college degree. Additionally, there is an increasingly common understanding that individuals are entering into large nancial decisions (going to college) without having the adequate information to make the decisions and understand the long-term implications of such decisions. As such, there has been a trend on campuses that shows an increased agreement among administrators around the need to address the shockingly low level of nancial literacy in their student body (Trombitas, 2012).
