Money Lesson Coming for Students and Parents

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DES MOINES, IA–Credit cards and student loans have swamped Iowa students with debt loads far higher than those in other states, so state officials hope a financial literacy summit can change the numbers.

Governor Terry Branstad said Monday that students have been showing progress when it comes to debt recently. Debt load has dropped for Iowa students who previously had the third highest in the country, the governor said, to ninth highest now.

Iowans graduated with an average debt of $29,370 in 2013, according to the Institute for College Access and Success. That compares to a national average of $28,400.

The summit is planned for May 5th at the Iowa Events Center in Des Moines. “Will look at this important issue from a state and national perspective,” said Ryan Wise, deputy director for the Iowa Department of Education.

Organizers say the event will provide information for student, parents and educators. It costs $50 per person with room for 500 people.

Registration is open until April here.

8 comments

  • Krjbolej

    Of course it’s gone down since you were in office, Czar. And yet a charge a fee for people to learn how to not waste money ?

      • bjertbjaeger

        Dave Ramsey’s advice isn’t good for people who want to use credit to live beyond their means, other than that, he offers sounds advice for people who wish to live modestly and put importance on security.

        My mother is living a secure life thanks to the financial principals Mr. Ramsey teaches, when her friends are taking out reverse mortgages to pay bills, she lives in a paid off home with a comfortable income level that will last her until she dies.

  • Unknown_Johnson (@Unknown_Johnson)

    I spent $40K at AIB on an education I’ll probably never use because I had very little guidance and now I have an accounting and business degree from a school that couldn’t manage their accounts well enough to stay in business…

    Not everyone needs a bachelor’s degree.

    • So be it

      You are so correct. I went back to school in ’83 and got my associates degree in accounting from a community college in the western part of the state. I got a job with the state and worked hard. I moved to the private sector after six years where I have been since and I am and will retire comfortably anytime in the next two years. You don’t need that 4 year degree (but to some you do). Hard work is the main thing. Good luck.

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