High School Students Don't Have Basic Money Skills

In a Los Angeles Times article published today, David Choi, director of the Center for Entrepreneurship at Loyola Marymount University, and Ron Rishagan, an entrepreneur in residence at the school, break down the state of financial literacy for high school students, giving our high school students a grade of C minus when it comes to money matters.  

However, Loyola Marymount is looking to change this through a financial "boot camp" program that both David and Ron are involved in.  Their hope is that high school students are better prepared for the credit card offers, significant student loans, and money management issues they'll face as soon as they head off to college.

Take a look at this article for some insight into why financial literacy education is important, the roadblocks in providing this education through our current system, and the specifics of the LMU program.