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| Rounding Out Tomorrow's Leaders |
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Many
students leave college with the basic knowledge, skills, and abilities
to begin their careers, but lack knowledge in key areas of life such as
the best way to finance a house or how to manage debt. The latter is
perhaps the most troubling considering undergraduate student loan debt
averaged $19,000 in the 2003-04 academic year according to
CollegeBoard's 2005 Trends in Student Aid ($26,200 private
for-profit, $16,000 private non-profit, and $10,000 public).
Moreover, the average undergraduate had a credit card balance of
$2,169, according to a 2004 survey by student lender Nellie Mae, with
only 21% of students paying off their balances each month. College
graduates learn critical financial and risk management knowledge from
their families and friends, who typically do not possess current
expertise, or from a professional, who often has incentive to drive
grads to the best product or service for the professional and not the
client, or through the school of hard knocks where life’s lessons come
at the greatest cost. What students need most at this stage in their
lives is a trusted advisor they can count on to deliver complete,
accurate, current, and objective consumer information. This is the
mission of Crosswise Learning. |
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