Persuasive Literature Review How To Solve Student Poverty

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Student Poverty
This paper seeks to interrogate literature on how to solve student poverty. Financial management skills are integral in the life of students. Unfortunately, financial illiteracy remains prevalent among college students, driving millions to graduate with huge debts they will have to pay, thus delaying other financial goals beyond the collegiate life. Researchers and commentators in this field have observed a general trend of risky financial practices, underscoring the need for financial education. Researchers often use different terminologies around this subject. One such vocabulary is financial literacy, defined as possessing the knowledge, skills, and resources needed to discern consequences of the financial consequences an individual makes (Cude et al. 103). Another term is financial education, which refers to the knowledge-imparting programs or practices that are designed to make people financially literate. Students’ behavior is yet another term describing various financial decisions learners make. Other terms include planning and budgeting. Experts in this field share the view that financial literacy is needed to help students manage their money and earn some during their colleague life.
In "College students and financial literacy: What they know and what we need to learn," Cude and colleagues emphasize the importance of financial literacy for students’ prosperity during and post collegiate life. Besides, the authors explore, empirically, how students acquire financial knowledge and behaviors. The article further investigates the factors that underlie the variations in students’ financial risk statuses. The study finds that parents play a huge role in influencing their children’s financial behaviors, but their efforts alone are insufficient in fully equipping students with the skills they need to manage their finances effectively (Cude et al. 102). The authors argue that the poor financial decisions students make underscore the need for inculcation of financial management skills through, for instance, financial life skills course in campus. This source is essential in addressing student poverty. First, it defines the concept of financial literacy. Second, it lends an eye into the efforts that have been made in equipping learners with these competencies, what has not worked, and a ground for jolting into the future. To alleviate student poverty, parents from whom they learn the important financial management skills must have updated knowledge on the subject and practice them accordingly. Furthermore, it provides the rationale and roadmap for initiating policy changes such as making financial literacy course a prerequisite for graduation.
“Financial behavior and problems among university students: Need for financial education” by Jariah and colleagues investigates the financial problems that students experience. Making financial literacy a requirement for graduation is not enough; the learning experiences must equip learners with practical skills. The inquiry establishes that students’ family background in addition to the financial resources at their disposal influences their socialization experienc...