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Learning how to be … Why is financial literacy important for college students? Not surprisingly, in 2015, the PISA financial literacy assessment found that only one in ten 15-year-olds achieved the highest proficiency level. References: (2018). Thanks to guest writer Krisca C. Te for working with me to develop this feature post on the importance of financial literacy education for our high school and college students. Financial literacy equips students with the knowledge and understanding to manage their money successfully. Clearly, financial literacy is an area that today's college students and young adults could use some improvement. The Program for International Student Assessment, an international assessment of math, is now including a financial literacy component. Here's why financial literacy is important, and how to improve yours. The study by U.S. Bank, “Student … What this means is that students are heading to college without knowing the basics of money management, putting higher education institutions in a critical position to address financial literacy. That's how being smart about money makes a difference. There appears to be a direct correlation between high school students’ scores on financial literacy exams and the number of bankruptcies in the states where they live. 7 Reasons Why Financial Literacy is Important. Why is Financial Literacy so Important? In the past, a teacher telling kids how to spend their allowance money might be promptly put in her place by the PTA. Our Financial Literacy resources have been compiled to assist you with exploring how to develop healthy financial habits while in college. Students should learn about taxes. Whether you're a new college student or a working adult going back to school, the financial choices you make now can affect your life for decades. Without guidance, choosing the wrong financial path can lead to prolonging life goals such as owning a home or starting … Financial literacy is important for the young, and especially those who are either college age or just out of college, for several reasons. There are so many other things a student must think about–class schedules, textbooks, degree plans. It is a severe problem that students need to … The results provide important insight into financial education opportunities for students, parents, campus administrators, and financial professionals and educators. Being financially literature is important both in the professional and … ... saving for college and retirement, and paying down debt. ... from student … As Mark Schneider explains in this blog post, the first series of results are not good: In the United States, 18 percent of 15-year-old students scored below the baseline of proficiency. 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