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With the cost of living rising each day, one would assume that personal financial education would be a priority for any college student living in America. However, this assumption is often taken for granted by the majority of college students. In a survey conducted at Texas State University in the Fall semester of 2005, we found that: • 50 % of students have 1 to 3 credit cards • 35 % of these students do not know the interest rate on their credit cards • Only 51 % of the students surveyed follow a budget • Around 75 % did not have insurance or a cell phone account in their name • 45 % do not know which tax form they filed last year • 89 % of the students surveyed do not know their credit score The sad reality for most students is that their financial education begins after being denied a loan or having to “take a semester off ” from school due to financial difficulties. However, those students who are not in immediate financial danger are often the most ill-prepared to begin their own lives after college. Parents providing for their child’