| Credit card and personal finance education on the | | | | solicitations for over 10 years, reports the Inquirer. |
| agenda in NJ | | | | Uptick seen in personal finance education |
| New legislation in New Jersey's state government | | | | Attendance at personal money management classes |
| would require personal finance education including a | | | | is up both in the classroom and online, but why is |
| variety of detailed explanations on credit and debt | | | | personal finance education important? |
| terminology and consequences for card applicants. | | | | The Wall Street Journal is reporting significant |
| The bill sponsored by New Jersey state Senator | | | | increases to education and "financial literacy" classes |
| Barbara Buono and passed unanimously by the | | | | that are hosted at local community spots, |
| Senate Commerce Committee would require lenders | | | | universities, and online from educational institutions like |
| to register with colleges and universities annually to | | | | MIT. |
| announce their presence on campus. | | | | Some people hoping to learn about the effects of |
| The bill would also inhibit lenders from offering a slew | | | | the credit crunch, the status of the real estate |
| of freebies to young adults that sign up for a credit | | | | market, and economic theory are apparently turning |
| card. | | | | to OpenCourseWare financial tools which are much |
| Buono commented on the importance of personal | | | | like a virtual class to learn the importance of finance. |
| finance education saying, "Promotional sales gimmicks | | | | Lecture notes, study guides and exams are available |
| and students' own ignorance about the factors | | | | from this online offering of more than 180 business |
| playing into their personal credit and credit card debt | | | | and financial education classes from nearly 250 |
| result in many young adults getting in way over their | | | | universities globally. |
| heads. By informing them of the facts and eliminating | | | | High school students are also taking more personal |
| sales gimmicks, we can hopefully empower students | | | | finance education classes as the economy increasingly |
| to make better credit decisions." | | | | impacts how they will handle credit decisions in |
| As the bill moves through the full senate, the | | | | college and their plans for future careers. |
| Philadelphia Inquirer is reporting that campus officials | | | | Schools across the nation are reportedly realizing the |
| generally support the measure. | | | | importance of personal finance and making personal |
| Rowan University spokesman Joe Cardona hailed the | | | | finance education courses and know-how a top |
| bill as important legislation. At Rowan, credit card | | | | priority. |
| companies have been banned from on-campus | | | | |