Financial Literacy Initiative at a Liberal Arts College: What Student’s Want (& Need)!

Abstract

The college years are an important time in the life of young adults as they are faced for the first time with important personal financial decisions. Since they have reached the legal age to enter into binding contracts, these decisions have potential long-term negative consequences. Students are graduating with large amounts of debt and starting out in their careers with very limited spending which impacts their ability to obtain car or home loans (“Financial Literacy,” 2014). Education institutions play an important role in developing financially literate citizens. This paper discusses the need and interest in a financial literacy program at a small liberal arts college in Virginia.