Skip to content
ADVERTISEMENT
Sign In
  • Sections
    • News
    • Advice
    • The Review
  • Topics
    • Data
    • Diversity, Equity, & Inclusion
    • Finance & Operations
    • International
    • Leadership & Governance
    • Teaching & Learning
    • Scholarship & Research
    • Student Success
    • Technology
    • Transitions
    • The Workplace
  • Magazine
    • Current Issue
    • Special Issues
    • Podcast: College Matters from The Chronicle
  • Newsletters
  • Virtual Events
  • Ask Chron
  • Store
    • Featured Products
    • Reports
    • Data
    • Collections
    • Back Issues
  • Jobs
    • Find a Job
    • Post a Job
    • Professional Development
    • Career Resources
    • Virtual Career Fair
  • More
  • Sections
    • News
    • Advice
    • The Review
  • Topics
    • Data
    • Diversity, Equity, & Inclusion
    • Finance & Operations
    • International
    • Leadership & Governance
    • Teaching & Learning
    • Scholarship & Research
    • Student Success
    • Technology
    • Transitions
    • The Workplace
  • Magazine
    • Current Issue
    • Special Issues
    • Podcast: College Matters from The Chronicle
  • Newsletters
  • Virtual Events
  • Ask Chron
  • Store
    • Featured Products
    • Reports
    • Data
    • Collections
    • Back Issues
  • Jobs
    • Find a Job
    • Post a Job
    • Professional Development
    • Career Resources
    • Virtual Career Fair
    Upcoming Events:
    An AI-Driven Work Force
    AI and Microcredentials
Sign In
Blog Logo

Letters

Correspondence from Chronicle readers.

The Chronicle welcomes correspondence from readers about our articles and about topics we have covered. Please make your points as concisely as possible. We will not publish letters longer than 350 words, and all letters will be edited to conform to our style.

Send letters to letters@chronicle.com. Please include a daytime phone number and tell us what institution you are affiliated with or what city or town you are writing from.

Every College Should Require Financial Preparedness

December 16, 2019

To the Editor:

For many Americans, attending college is a rite of passage. It marks newfound independence and an influx of responsibilities. Increasingly, the decision also bears new meaning for the financial wellbeing of students.

To continue reading for FREE, please sign in.

Sign In

Or subscribe now to read with unlimited access for as low as $10/month.

Don’t have an account? Sign up now.

A free account provides you access to a limited number of free articles each month, plus newsletters, job postings, salary data, and exclusive store discounts.

Sign Up

To the Editor:

For many Americans, attending college is a rite of passage. It marks newfound independence and an influx of responsibilities. Increasingly, the decision also bears new meaning for the financial wellbeing of students.

Pointing to rising student debt and responses about financial stress, your recent article, “Why More Colleges Are Teaching Financial Wellness” (The Chronicle, December 2), underscores the importance of a holistic approach to financial education. It breaks down the intersection of student life, money management, and financial anxieties.

ADVERTISEMENT

It also highlights Scripps College’s financial literacy program — which I’m proud to have spearheaded. As Vicki P. Klosch, the executive director of the college’s leadership center, shares: “You hear other women talking numbers, not just the big picture — the theoretical concepts — but the down and dirty of it.”

As Vicki alludes to, it’s not enough to just teach our students personal finance competence. We also need to equip the next, and future generations with the confidence to manage their present situation and their journeys ahead. Most affected are college-aged women, and women of color, who are far more likely to lack confidence with regards to financial acumen. In fact, 61 percent of women would rather talk about their own death than money.

For students who currently attend colleges that lack financial-literacy courses, there is an opportunity to host informal Money Talks between networks and groups of friends to discuss tips and strategies on best ways to save, budget, and eventually invest your dollars.

Still, I increasingly see a need to institutionalize these conversations into college curriculums. Money is tied to student-retention rates, mental health, and a future that is much closer than it might seem. Before young adults enter the next phase of their lives, we need to set them up for success — teaching both the hard and soft skills of money management through accessible courses and more holistic programming. I challenge all college campuses to be bold enough to consider financial preparedness a requirement for graduation.

Linda Davis Taylor
Chief Executive, Clifford Swan Investment Counselors
Pasadena, Calif.
Former Chair, Board of Trustees
Scripps College

We welcome your thoughts and questions about this article. Please email the editors or submit a letter for publication.
Share
  • Twitter
  • LinkedIn
  • Facebook
  • Email
ADVERTISEMENT
ADVERTISEMENT

More News

Photo illustration showing Santa Ono seated, places small in the corner of a dark space
'Unrelentingly Sad'
Santa Ono Wanted a Presidency. He Became a Pariah.
Illustration of a rushing crowd carrying HSI letters
Seeking precedent
Funding for Hispanic-Serving Institutions Is Discriminatory and Unconstitutional, Lawsuit Argues
Photo-based illustration of scissors cutting through paper that is a photo of an idyllic liberal arts college campus on one side and money on the other
Finance
Small Colleges Are Banding Together Against a Higher Endowment Tax. This Is Why.
Pano Kanelos, founding president of the U. of Austin.
Q&A
One Year In, What Has ‘the Anti-Harvard’ University Accomplished?

From The Review

Photo-based illustration of the Capitol building dome propped on a stick attached to a string, like a trap.
The Review | Opinion
Colleges Can’t Trust the Federal Government. What Now?
By Brian Rosenberg
Illustration of an unequal sign in black on a white background
The Review | Essay
What Is Replacing DEI? Racism.
By Richard Amesbury
FILE -- University of Michigan President Santa Ono speaks during a Board of Regents meeting in Ann Arbor, Mich., Dec. 5, 2024. The University of Florida's new president will be Ono, a biomedical researcher lured from the top job at the University of Michigan with a large pay package, despite criticism of him that social conservatives raised.
The Review | Opinion
The Ruination of Santa Ono
By Silke-Maria Weineck

Upcoming Events

Plain_Acuity_DurableSkills_VF.png
Why Employers Value ‘Durable’ Skills
Warwick_Leadership_Javi.png
University Transformation: a Global Leadership Perspective
  • Explore Content
    • Latest News
    • Newsletters
    • Letters
    • Free Reports and Guides
    • Professional Development
    • Virtual Events
    • Chronicle Store
    • Chronicle Intelligence
    • Jobs in Higher Education
    • Post a Job
  • Know The Chronicle
    • About Us
    • Vision, Mission, Values
    • DEI at The Chronicle
    • Write for Us
    • Work at The Chronicle
    • Our Reporting Process
    • Advertise With Us
    • Brand Studio
    • Accessibility Statement
  • Account and Access
    • Manage Your Account
    • Manage Newsletters
    • Individual Subscriptions
    • Group and Institutional Access
    • Subscription & Account FAQ
  • Get Support
    • Contact Us
    • Reprints & Permissions
    • User Agreement
    • Terms and Conditions
    • Privacy Policy
    • California Privacy Policy
    • Do Not Sell My Personal Information
1255 23rd Street, N.W. Washington, D.C. 20037
© 2025 The Chronicle of Higher Education
The Chronicle of Higher Education is academe’s most trusted resource for independent journalism, career development, and forward-looking intelligence. Our readers lead, teach, learn, and innovate with insights from The Chronicle.
Follow Us
  • twitter
  • instagram
  • youtube
  • facebook
  • linkedin