The NFEC Announces National Financial Education Survey

The National Financial Educators Council launches a financial literacy survey to understand peoples thoughts on financial education and student loan debt.

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Los Angeles, CA (PRWEB) December 11, 2012

The National Financial Educators Council launches a financial literacy survey to understand peoples thoughts on financial education and student loan debt. This survey solicits the opinion of students, educators, financial professionals, personal finance experts and the general public. To participate online, visit the financial education survey webpage.

One of the key questions asked is: Before committing to federally-backed student loan debt, do you believe that kids under 21 years old should take a personal finance education course that teaches basic personal finance topics like budgeting, credit, debt management, loan terms, and long-term financial planning? The results of this and the 12 other questions will be shared in a comprehensive report.

The survey was designed by Edward Halteman of Survey Design & Analysis. Ed has a PhD in statistics and is credited with revolutionizing the use of data for decision-making by introducing the use of web-based surveys. Halteman expertise extends from survey design and analysis to complex statistical analysis.He was a lead team member of the NFEC project which involved over a thousand in-person interviews and this international financial education program is now serving over 45,000 people.

"This personal finance study will help us provide guidance to those in the financial literacy industry on the issues surrounding financial literacy and its correlation to student loan debt. It is our hope this will help us proactively address this issue so future students can reduce their debt load while still receiving their higher education degree,” states Vince Shorb of the National Financial Educators Council.

The federal student loan program has given those with a desire to attend college a way to earn their degree. With the high unemployment rate for college graduates and the increasingly cost of college, this program also has been a factor in graduates experiencing financial problems. Through this survey the NFEC seeks to establish if it will be helpful for students to take a financial literacy course prior to taking on student loan debt.

The National Financial Educators Council is a social enterprise organization that provides finance speakers, financial literacy resource and data to organizations and individuals globally. The NFEC is committed to conducting financial literacy surveys and providing that information to groups looking to maximize the effectiveness of their initiative while reducing the cost and time associated with building a financial literacy program from scratch.