Tuesday, October 9, 2012

Students learn about managing debt

The combination of rising college costs, a shrinking job market and difficult-to-resist credit card pitches can lead to crushing debt for many young adults.

The America Saves Competition is an example of the effort to prepare students for financial realities beyond the classroom. Last year, the University of Illinois Springfield beat out the other two U of I campuses to see whose students could save the most money.

Before this school year began, representatives of the U of I’s Student Money Management Center came to talk to incoming students about how best to manage their finances.

“These programs are valuable because they’re something students especially need to learn,” said Mary Elizabeth Umbarger, the student organization and leadership coordinator at UIS.

The program was featured by the State Journal-Register on October 9, 2012.

Read the article online