Financial literacy, as a fundamental skill in the 21st century, has become a life skill that is urgently needed to be improved. Globally, the drive to enhance financial literacy involves integrating it into the education curriculum, necessitating educators' comprehensive grasp of financial literacy education before imparting it to students. This…

A school facility's quality and accessibility have important impacts on schools' functionality to serve as places of high-quality education. While these challenges are familiar to most schools in the United States, charter schools are responsible for acquiring and paying for their educational facilities, a responsibility that local school…

This literature review seeks to map the state of research on the effects of digitization on personal financial behavior and management through a bibliometric analysis and a systematic literature review. The findings indicate that current knowledge is primarily based on perspectives of actors in commerce and systems development. More research is…

Evidence of confusion in intermediate accounting textbooks regarding the annual percentage rate (APR) and annual effective rate (AER) is presented. The APR and AER are briefly discussed in the context of a note payable and correct formulas for computing each is provided. Representative examples of the types of confusion that we found is presented…

We review studies of the impact of credit constraints on the accumulation of human capital. Evidence suggests that credit constraints have recently become important for schooling and other aspects of households' behavior. We highlight the importance of early childhood investments, as their response largely determines the impact of credit…

The federal government's student loan programs for higher education convey substantial financial benefits to borrowers because of their broad availability and favorable terms. Of the various provisions included in a federal student loan contract, the option to consolidate individual loans contributes greatly to a borrower's benefits and the cost…

During the past 10 years, consumers have experienced a substantial growth in credit and an unprecedented increase in the rate of inflation. As increases in credit usage continue to outpace increases in real income and as savings rates decline, consumers are increasingly likely to suffer financial problems and are increasingly in need of money…

The tax exempt bond market continues to be unsettled, but many issues have been resolved by the Tax Reform Act of 1986. These range from very narrow technical adjustments to sweeping new limits applicable to all issuers, with some restrictions aimed directly at colleges and universities. (Author/MSE)

Examines the relationship between credit card usage, employment, and academic performance among a group of college students with credit cards. Results reveal that the students differed significantly in the level of anxiety felt from carrying debt, perceived need to work, and perceived impact of employment on academic performance. (Contains 57…

Examines cognitions relevant to credit card decision making in college-aged participants (N=304). Assesses measures of beliefs, attitudes, and behavioral alternatives toward acquiring a credit card. Identifies a multivariate model predicting college student financial development of the attitudes and behavioral tendencies of acquiring a new card.…

This chapter of "Principles of School Business Management" introduces the concept of cash management, or the process of managing an institution's moneys to ensure maximum cash availability and maximum yield on investments. Four activities are involved: (1) conversion of accounts receivable to cash receipts; (2) conversion of accounts payable to…

Drawing on research regarding a midwestern credit union, factors characterizing why and how credit unions and their members use credit union documents are discussed in regard to: characteristics of document availability; structure of interactions in which documents are used; attitudes and beliefs about the documents; and functions of documents.…

This report presents an analysis of the debt levels and debt burdens of recent college graduates, based on student-reported data from four national surveys taken over the period 1977 to 1986. The major findings of this study were the following: (1) one out of two 1986 college graduates had some undergraduate debt representing an increase from one…

Reviews problems with the Stafford Student Loan Program (Federal Family Educational Loan Program), including high-risk borrowers, dishonest school officials, negligent lenders, and guaranty agencies. Critiques recent reform measures designed to simplify the program. Suggests alternative policies, particularly direct loans from the federal…

Neoliberal and structural adjustment policies in Latin America have produced educational budget cuts that set higher education against primary/secondary education. Confronting this environment, a proposed project involving cooperation between Latin American and North American universities, popular education, community action, and alternative…