For some students, going away to college is a way to achieve their independence. While it’s true you are no longer permanently living under your parents’ roof, the truth is you are not independent until you can, and know how to, financially support yourself.
While I do not know everything about personal finance, I find it amazing at how little some college students do know.
So here’s my question: Why isn’t a personal finance class required in the core curriculum? It’s no secret that first year seminar is disliked by nearly everyone who has ever taken the course. And while I am 100 percent in agreement that social justice issues are important and need to be discussed, am I wrong to believe that basic knowledge about personal finance is imperative for the real world?
Perhaps I am partial to the idea of a required personal finance class because I am a business student. However, I do believe that it would serve the student body in a positive way. I think it’s important to know how to read a lease, pay and budget for rent or mortgages, read a utility bill and read a benefits package.
Part of the Jesuit mission is to be well-rounded men and women. Yet, how can we be well-rounded students entering the professional world when our institution requires us to take an excessive amount of philosophy courses? What good is analyzing abstract ideas if you can’t grasp basic life skills? I think the University’s administration needs to re-examine the core and reevaluate what courses are most important for not only lifelong learning, but lifelong living.