
Last year alone, BGSU students borrowed $129 million to attend school. Their debt worries don't end here. Many are piling up bills they can't pay on credit cards.
The solution: mandatory personal finance classes in high school. That's going to happen in 2010, the result of a bill sponsored by Ohio Treasurer Richard Cordray.
"Every one of us knows we don't know as much as we'd like to know about managing our finances. If we don't make good financial decisions, we're in trouble all of our lives," Cordray says.
I think a mandatory personal finance course in high school is a great idea. A second one in colleges might not be a bad idea too. Let's arm our kids with the tools they need to live and survive in the real world.
But these courses need to be taught by someone qualified, not the math teacher or gym teachere.
The most I got in high school was a couple lessons on how to balance your checkbook and file taxes that was more confusing than helpful. I think I would have benefitted from a personal finance course.
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