Andrea Higgins isn’t proud of what she did, but she is willing to share her story in hopes that other students won’t make the same mistake: end up with nearly $15,000 in credit card debt.The Campus Activities Board adviser has shared her personal story of credit card and student loan debt with the It Makes Cents program.
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The Governor’s Council on Financial Literacy awarded the 2012 Wisconsin Financial Literacy Award to 12 individuals and 9 organizations for their efforts in promoting financial literacy among Wisconsin citizens. Governor Walker and the First Lady declared 2013 as the Year of Well-Being. As part of this year, Wisconsinites are encouraged to learn about their financial health so they can make smart budgeting decisions.
“These recipients are excelling in their efforts to improve the financial knowledge and wellbeing of the people of Wisconsin,” Governor Scott Walker said in making the announcement. “They are making a difference in our schools, our workplaces, and our communities across the state.”
It Make$ Cents! was also awarded the 2013 Wisconsin Financial Literacy Award!
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If the money you spend in four years at a public college was a stack of pennies, it could reach more than 8.5 miles high, higher than most airplanes fly.
84% of college students have a credit card. 50% of them have 4 or more.
The average total debt for the Class of 2013 is $35,200.
There the will be approximately $1,200,000,000,000 in circulation in 2013.
$67,000,000,000 in student loans were in default in 2011.
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