Federal Commission: College Students Need Classes in Financial Literacy

A federal commission known as the Financial Literacy and Education Commission has recommended that higher education institutions provide required classes in financial literacy to students. By doing so, colleges would show that assisting "students and their families avoid the pitfalls associated with financing higher education, and empowering them to make optimal financial choices" is a priority for the institutions, according to Marketwatch. This federal commission included members from the U.S. Departments of Education and Treasury, among many others. Read the full report here.