Teaching Personal Finance

Abstract

ABSTRACT Using popular literature and the results of a survey of 476 undergraduates enrolled at two CCCU schools, I propose that the personal financial education of Christian college students is lacking. While students have a good understanding of the Scriptural basis of money, their knowledge is not realized in practice. Christian colleges and universities can address this deficiency by requiring all undergraduates to complete a course in personal finance. This requirement may have secondary benefits for the institution in the form of increased alumni participation and giving, lower student default rates, and increasing enrollments.