Los Angeles, CA (PRWEB) December 13, 2012
The National Financial Educators Council solicits experts in education, finance and the personal finance industries to take part in a financial education survey. The results will determine if there is a connection between ones financial literacy and student loan debt. The survey goal is to get 10,000 respondents to participate through an online survey platform. Visit the financial literacy survey webpage to share your opinion.
One of the questions asked in the survey is: "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?" The results of this question and others will be shared with those in the industry.
Edward Halteman, PhD designed the survey and will analyze the results. Dr. Halteman was a lead consultant during a recent National Financial Educators Councils international project which involved over a 1000 in-person interviews. The results of the comprehensive GAP assessment report based off the survey are slated to serve over a half-million people. Dr Halteman is also recognized as a leader in the use of data for decision-making through web-based surveys.
In 2012, the student loan debt has grown to over $1 trillion dollars and many industry experts are warning this may be the next bubble. “We should approach the student loan debt problem proactively,” states Vince Shorb of the National Financial Educators Council. “By ensuring our kids have a basic understanding of essential money management skills before they sign to take out a student loan is the right thing to do and can protect the nations citizens from another preventable bubble crisis.”
The personal finance survey will gather information through 2013. The results will be shared with industry experts to work on a viable solution to help prevent college-hopefuls from falling into debt they may not be able to pay off. With higher unemployment rates for college graduates and the increasing cost of a college education, this survey may help to produce the empirical data needed to help students.
The National Financial Educators Council (NFEC) developed the national financial education survey gain and asked experts to write financial literacy articles to gain a better understanding from industry experts about the relationship between financial capabilities and student loan debt. The NFECs bigger objective is to foster positive financial education habits among young people. The NFEC is dedicated to giving communities free financial literacy resources to empower today’s youth with the information they need to make good financial decisions. Financial literacy can improve their lives, the lives of their loved ones, and the lives of their global community.