CPAs invade campus: for financial cram sessions: As a
group, American college students spend more than $19 billion each
year--that's more money than the national debt of some countries.
How are they spending so much? The answer is simple: credit
cards.
To confront this trend, members of The Ohio Society are working to
educate college students about the dangers associated with credit card
debt, and provide tools for good financial management.
Through Financial Fitness Ohio College Days, CPA volunteers visited
10 colleges this spring, reaching out to nearly 800 students across the
state. They handed out resources and offered guidance on crucial
financial topics, such as how to start a budget and how to obtain a free
copy of their credit report.
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Students who visited the booth took a pop quiz on personal finance,
answering questions such as, "Credit card companies must give you
60 days notice before raising your interest rate. True or False?"
(The answer is False, they are only required to give 15 days notice.)
Volunteers then graded each quiz, discussed the answers with students,
and provided them with Financial Fitness resources.
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To learn more about Financial Fitness Ohio College Days or to
volunteer for an event in your area, contact Melanie Sonderman at
msonderman@ohio-cpa.com or 800.686.2727, ext. 953.
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COPYRIGHT 2007 Ohio Society of Certified Public
Accountants Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
Copyright 2007, Gale Group. All rights
reserved. Gale Group is a Thomson Corporation Company.
NOTE: All illustrations and photos have been removed from this article.