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IU to roll out student financial literacy program

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Indiana University says it's rolling out a financial literacy program to give students the tools to complete college without excessive debt.

IU Treasurer MaryFrances McCourt says the program is designed for students at all IU campuses and will include a website with information and tools on financing college, workshops and peer-to-peer advising. She explained it Thursday at an IU Trustees meeting in Gary.

IU says most of its students borrow money to help pay for college, but the percentage who borrow and the amount they borrow vary by campus. Nearly half of students on the Bloomington campus have acquired debt.

McCourt says the program will be targeted especially to students who need the most help. That includes students with excessive debt and those who are not making satisfactory academic progress.

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  • what's the contradiction?
    It seems to me two separate issues are being addressed. One program is responding to a serious practical problem for students that aims to help them through a present difficult circumstance, possibly increase their life skills for the future, and reduce the problem for future students. The other endeavor is to formalize study in an area that is historically and uniquely American and bring it into the modern world by connecting it to information science, business and finance, ethics and law, entrepreneurship, social science, and other areas. The only thing they have in common is that they deal with money in some fashion.
  • Student financial literacy
    Student debt is one of the most serious problems facing graduates. How can IU not see the contridiction teaching financial literacy and also spending and soliciting millions for IUPUI to start a degree program in philanthropy. Use the millions to develop courses that have the same basic theme: students must spend less than they make to be financially successful.

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