Presented at National Academic Advising Association (NACADA) Annual Conference October 2, 2008 in Chicago, IL.
The financial reality for students can be bleak as tuition and fees continue to rise. Unfortunately students often lack financial literacy skills and make poor decisions that negatively impact them for years to come. Drawing from both research and personal experience, this session will serve as an informative overview about the real financial challenges students are facing. Student loans, credit cards, the boomerang and sandwich generations, and the limiting of the American dream will all be discussed. As academic advisors it is important to help students graduate with a diploma, but in it is also as imperative for them to leave with a passing credit report. This will provide you with ways to help students survive a financial crisis, find resources, and encourage financial literacy.