CPAs invade campus for financial cram sessions: as a group. American college students spend more than $19 billion each year--that's more money than the national debt of some countries. How are they spending so much? The answer is simple: credit cards.
Position | Members only - Certified public accountants |
To confront this trend, members of The Ohio Society are working to educate college students about the dangers associated with credit card debt, and provide tools for good financial management.
Through Financial Fitness Ohio College Days, CPA volunteers visited 10 colleges this spring, reaching out to nearly 800 students across the state. They handed out resources and offered guidance on crucial financial topics, such as how to start a budget and how to obtain a free copy of their credit report.
Students who visited the booth took a pop quiz on personal finance, answering questions such as, "Credit card companies must give you 60 days notice...
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