Florida Students to Benefit from New Bill; Those Who Are Already in Debt Have Options

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Florida’s Senate committee recently passed a bill that will require students to pass courses in financial literacy in order to graduate. While this will prepare future graduates with necessary life skills, those who are already in debt can benefit from Orlando Auto Equity Loans.

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Florida’s Senate committee recently passed a bill that will require students to pass courses in financial literacy in order to graduate. While many schools offer courses in how to balance a checkbook, this Florida bill insists that students learn a variety of necessary life skills, including earning an income, budgeting for buying goods and services, saving, using credit, investing, and insurance.

The Career and Professional Education Act will provide students with the knowledge needed to create budgets, borrow money responsibly, and plan for the future. In addition to financial literacy, the bill includes a career preparation component, requiring that schools provide students with critical thinking skills, and that universities offer programs in high demand fields, such as computer and information technology and cloud computing and related large data management.

Career training will begin as early as elementary school, with programs in development for cyber security and digital arts for youngsters. As students complete the programs, the schools will receive bonus funding. In middle school, kids will learn how to use word processing programs, spreadsheets, and how to create multimedia presentations using text, graphics and sound to receive a Florida Digital Tools Certificate. Again, schools will receive bonus funding as students complete the program. Financial literacy programs will become a part of high school education as an economics credit.

“Student loan debt is now in this country a trillion dollars. The average debt of students when they get out of college is now $30,000, and the average 18- to 24-year-old now uses 30 percent of their income to retire the debt that they’ve accrued,” said Robin Warren, from the Florida Council on Economic Education. The Career and Professional Education Act will ensure that students are prepared to borrow and pay off loans, and that there are programs available through Florida universities in fields that are actively hiring.

The future is looking bright for Florida’s youth, but for those who find themselves currently burdened by student loan debt and a degree that isn’t producing the jobs promised, circumstances are bleak. Many Orlando residents are among those who owe, on average, $30,000 for post-secondary education, and currently find themselves either unemployed or underemployed. Orlando Auto Equity Loans is aware of this situation and strives to provide an alternative solution to those in debt.

Orlando Auto Equity Loans offers secure low-interest loans to Orlando residents who own their vehicles. They understand that an original loan amount is daunting enough for borrowers, which is why they keep their own interest rates low. For those who owe an intimidating amount to lenders before interest rates, paying off student loans with an auto equity loan may be the best solution. By paying off a high-interest, regimented loans with a low-interest loan that is known for its flexible repayment options, Orlando residents are taking steps towards financial freedom.

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Cheryl Wilson
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