Student loan debt now higher than credit cards

SPRINGFIELD, Mass. (WWLP) – A new study shows that U.S. student loan debt is now higher than credit card debt.

However, according to a new Kansas State University survey, very few colleges and universities provide students with everyday financial education.

Students began classes at American International College in Springfield on Wednesday.  Students told 22News they’d benefit if AIC offered such a program.

“Absolutely, I mean I was struggling how to use my money and everything. I would definitely take a course like that,” Graduate student Megan Black said.

“We’re still young, we’re considered adults in the world, we’re still fairly young, we’re not sure how to manage our finances and everything like that,” said Graduate student Patricia Dossantos.

Other students told 22News they recalled financial management advice offered in high school.

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