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Financial Education

Thousands of Ventura County residents who want to enroll in community colleges are failing to do so, unaware that financial aid is available or because they cannot get school loans processed in time, a new study has found.
May 29, 1986
Reeta Dee Hunt has been appointed Program Coordinator by the National Center for Financial Education.
December 27, 2013 | By Walter Hamilton
Guess how many Americans correctly answered this basic financial question: Is the stock of a single company usually safer than a mutual fund? A) 100% B) 80% C) 60% D) None of the above. The right answer is D. Barely 1 in 2 people knew that a single stock is not safer than a mutual fund, which holds many stocks. The question, included in a survey by a pair of college professors, underscores a fundamental problem facing millions of Americans. At a time when the world of personal finance is increasingly complex - and when people are more responsible than ever for their own financial future - Americans' understanding of basic concepts is sorely lacking.
February 11, 2004 | E. Scott Reckard
Federal bank regulators planned to roll out a Vietnamese-language version of their Money Smart financial-education program today in partnership with community leaders in Orange County's Little Saigon. The 10-session Federal Deposit Insurance Corp. program includes tips on using credit, the importance of savings and checking accounts and home ownership. It also examines how to avoid abusive and deceptive lenders as well as the high cost of payday loans and check-cashing operations.
August 31, 2008
The Sunday Business section gave a prime example of why the California budget is such a mess. In the story "Teacher needs financial education" (Money Makeover, Aug. 24) was a line about the person being advised that as a state employee, she would get a pension of $6,880 a month at the age of 55. Yikes! We taxpayers are on the hook for over $80,000 a year for someone who can retire at age 55. Let's hope they don't vote to increase the pensions or we'll really be in trouble.
July 30, 2011 | Sandy Banks
When the NAACP was founded in 1909, the injustice it aimed to battle was clear: Black Americans were being lynched, denied the right to vote, restricted to ghettos, banned from schools and barred by legal segregation from public places — restaurants, theaters, swimming pools. Today, with a black man in the White House, you could argue, and some people have, that the NAACP has become a relic of a less enlightened past; an anachronism in the era of Oprah, Barack Obama and a thriving black middle class.
August 26, 1992 | DENISE GELLENE
Bad credit cannot be repaired, but credit can be rebuilt over time. The National Center for Financial Education, a nonprofit organization in San Diego, recommends that people trying to improve their credit take the following steps: * Open a savings account and make steady deposits. Lenders look for people who have enough discipline to save. * Open a checking account, but never overdraw it. Checks returned for insufficient funds can show up on credit reports.
September 16, 2008 | David Colker, Times Staff Writer
See Sally. See Sally run from the bank. Run Sally run. In the midst of one of the worst banking crises in decades, the U.S. Treasury Department today will launch a long-planned program to teach young Americans about credit and other financial matters. The theme of the campaign: "Don't let your credit put you in a bad place." Like in bankruptcy court? Don Iannicola, the department's deputy assistant secretary for financial education, tried to put the best face on the timing of the announcement.
June 7, 1998 | STEVE GINSBERG, Steve Ginsberg writes for the Washington Post
Course: Finance 101, taught by Mobil Corp. Open to all employees. That's right, the Fairfax, Va.-based oil company is teaching people about financial planning. Mobil offers three financial management programs to its workers: basic money management, a full-day seminar during regular working hours at a cost of $25 per employee; savings investing, a free two-hour seminar; and pre-retirement investing, a free two-day workshop for employees over 50.
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