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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