Before committing to federally-backed student loan debt, do you believe that kids under 21 years old should take a personal finance course that teaches basic personal finance topics like budgeting, credit, debt management, loan terms, and long-term financial planning?
Do you feel that college-bound students would make different student loan decisions if they received a financial education that helped them understand their repayment terms before committing to a loan?
Some students do not understand the financial ramifications of taking out a student loan. How big do you think this problem is?
Over half of U.S. states have introduced legislation to address the financial exploitation of the elderly and other vulnerable adults. Do you think financially uneducated kids under age 21 should have similar legislation to protect them from exploitation?
Would you have a more favorable opinion of schools (elementary/middle schools, high schools, and colleges) that offered comprehensive financial literacy programs?
A lender asked students under 21 years old to complete a financial education course to help them understand repayment terms before they commit to a student loan. Would you consider that responsible lending?
Assuming that all other factors are equal, would you be more inclined to choose a financial institution or financial professional (credit union, financial advisor, bank, insurance representative, realtor, etc.) that offered independent financial education to its members or clients?
The student loan debt industry shares many similarities with the subprime mortgage crisis before the bubble burst. In 2007, the subprime mortgage debt was an estimated $1.3 trillion with about a 16% delinquency rate. In 2012, the student loan debt totals more than $1 trillion with a 13% three-year delinquency rate. How concerned are you that this student loan issue will have negative effect on the national economy?
Pew research Center has found that over 19% of U.S. households have college debt. Do you think this debt has a negative impact on America’s economy?
Since federal student lenders do not evaluate students’ ability to pay back the debt, do you feel that asking financially illiterate youth under 21 years old to commit to federally- backed student loan debt is unethical?
U.S. Department of Education calculated that the cost of attending public school increased by 6.5% each year over the last decade. If that trend continues, by 2030 the total cost for a four-year degree from a public school will be over $200,000 and over $400,000 from a private institution. When do you think families should start saving for college?
Please indicate which of the following BEST describes your profession.
Please indicate which of the following BEST describes your political leanings.
Are you a parent?