Earnest’s Post

Transcript

Any Earnest survey found that 91% of recent college grads believe a financial literacy class would have been more valuable than many of the courses they took. And 92% so that they would have done college differently had they known the amount of debt that they would graduate with. 16% said they would not have gone to college at all. At Ernest, we hear every day from students the challenges that they face with financial literacy, budgeting, and managing student debt. One thing contributing to the problem? All the confusing money terminology, credit scores, interest rates, budgeting and The confusion extends to student loan repayment for recent grads. In fact, only 43% of recent college grads feel confident explaining interest rates. Nearly 1/4 understand refinancing or different repayment options. Just 23% could explain this exact. Found they owe and why and I'm you're 21% are clear on when they'll begin making payment. At Earlier, we believe in more than just lending. We're committed to fostering successful financial outcomes. Private student loans should be the last thing you consider when trying to figure out how to find your college education. Go to goingmarybyernest@glenmary.com to understand how to minimize college costs via scholarships and financial aid. And stay tuned for more financial content.