Maybe Financial Literacy Is NOT the Answer to Student Overborrowing, Part 2

Maybe Financial Literacy Is NOT the Answer to Student Overborrowing, Part 2 Spring boarding from a piece in the Pacific Standard, we re spending some time this week looking at a school of thought that is contrary to that of the mainstream: debt and loan counseling may not prevent student overborrowing. According to the essay, if counseling is delivered at the point of sale, for instance, the potential for conflicts of interest is huge. Where does education end and marketing begin? With no credentialing or oversight requirements in the financial literacy world, it�s up to the consumer�the one in need of enlightenment, remember�to determine whether a lesson objectively and thoroughly covers the most important bases. Take, for example, Ally Financial, a company that offers car loans and other products. It has put together an entire online education site called via Affordable Schools Online: Spring boarding from a piece in the Pacific Standard, we re spending some tim
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