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Part of the problems is that people who take out these loans are the least educated in personal finance and how to manage money. Unless you have a good parent or counselor guidance behind you, it is very easy to make mistakes that can cost you alot down the road. Maybe it should be a requirement as part of high school curriculum to teach students about personal finance.

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It is, at least in the state of Utah. I had to take a class called Financial Literacy.

It wasn't a bad class (and nicely enough my CS teacher happened to teach it, also), but unfortunately I think it's worse off than math classes as far as getting people to care and thus really remember it for later.

That is sad, because you think a personal finance if taught right would be the most interesting class in school for students. I would think a teacher would only have tell a student, if you want to be rich this is the only class that matters.

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