Students welcome overhaul of financial literacy class

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  • kiddsport Fairview, UT
    April 11, 2014 1:21 p.m.

    So part of the $450,000 goes toward training teachers who have purportedly been through four years of college and still don't have fundamental financial literacy skills? Perhaps it would be better to save the $450K and get superintendents who know how to hire qualified teachers. I'm sure some of our college graduates must have had interest/exposure in their courses. Perhaps we might even offer such a position to someone from the real world of business, or is that too risky for the stranglehold the unions have on the teacher corps?

  • My2Cents Taylorsville, UT
    April 11, 2014 3:44 a.m.

    The real endangerment to these students is that the banking and financial industry in collaboration with the states education system is preparing these student to face financial failure with debt management classes that insures they remain in debt forever. Its a national policy of state and federal government and financial industry to keep people in debt to control them and their lives in perpetuity (forever).

    What these courses need to teach these students is income management not debt management. expalin debt to income ratios and then they might be getting somewhere.

    These students should also learn that there are other means to borrow money than on a line of credit student loan. Fixed loans with fixed interest also has fixed fees and fixed penalties regulated by federal lending laws. Students should shop outside the student loan markets for better deals on education costs they can pay off after they get jobs.

    The biggest warning should be for students not to commit themselves to schools and skills they are not able to do, match their skills and abilities, not wishes and dreams of snake oil pitchmen selling school loans.