Study Highlights Importance of Financial Literacy in Young Adults
The National Endowment for Financial Education partnered with Montana State University to study the impact mandatory K-12 financial literacy education can have on a young adult’s post-secondary outcomes. The study highlighted the causal effect of state-mandated financial education as a graduation requirement. Positive outcomes included: increased likelihood that students will apply for financial aid; decreased private loan amounts for borrowers; and more.
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