According to a national survey by Experian, college students may be receiving their degrees, but their financial management knowledge still needs some schooling. The survey reveals some troubling data about recent graduates:
- Average student loan debt is $22,813
- 31% have maxed out a credit card
- 39% have accepted credit card terms and conditions without reading them
Learning to manage debt and finances properly is key to young adults’ future financial success. Since students aren’t receiving credit and debt management education in college, they need to educate themselves proactively. Credit education resources are available on Experian’s Website.
