Expert Master financial aid before taking on student debt / Public News Service
An expert on student loans said many college-bound high-schoolers should do themselves a favor and take a financial literacy class before they pursue higher education. Billy Hensley, president and CEO of the National Endowment for Financial Education, said many students are not financially savvy, and do not understand the differences between scholarships and grants, or between federal and private loans, and can create an uphill struggle for themselves. "What we know, and what's very clear in the data, is that you will have a lower total debt -- meaning lower revolving debt like cred...