DES MOINES, Iowa (AP) - Gov. Terry Branstad wants Iowa students to learn how to make good financial decisions, particularly when it comes to college loans.
Branstad announced Monday that the state will hold a financial literacy summit for students, parents and educators. Branstad said he wants the May 5 event in Des Moines to help prepare students and parents for college borrowing decisions.
Branstad expressed concerns about the debt load assumed by many students and said students must learn “not borrow money for things they don’t need.”
Iowa school districts are expected to teach certain financial lessons to K-12 students. A group formed by the state Department of Education last year recommended revising the current standards to provide more clarity to districts and establishing ways to measure if school districts are meeting the goals.
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