These days, it’s widely accepted that colleges have some responsibility for their students’ financial lives. College affordability and student-loan debt are now mainstream political issues, peppering the speeches of the president and presidential hopefuls alike. While the job market for new degree-holders has shown signs of improvement, the path from graduation to financial independence is, for many, uphill and uncertain. Students have a lot at stake — especially those from disadvantaged backgrounds. Many colleges have taken those concerns to heart. One common response is offering some kind of financial-literacy program, whether optional or required, inside the classroom or out. Students who know more about their finances, the thinking goes, will make better decisions about college loans, credit cards, and more. And if there’s one thing colleges should be well equipped to do, it’s educating students.

July 17, 2015 ・ From Chronicle of Higher Education