The U.S. Department of the Treasury has released a report that provides recommendations for higher education institutions to offer financial literacy education and resources to help students make informed decisions and avoid pitfalls associated with college debt.

The report, entitled “Best Practices for Financial Education at Institutions of Higher Education,” was published on June 15 on behalf of the Financial Literacy and Education Commission (FLEC), whose purpose is to prepare students to make sound financial choices in order to succeed in the workforce.

“It is vital for our higher education institutions to offer students the resources and information they need to make financial decisions that best fit their needs and career aspirations,” said U.S. Treasury Secretary Steve Mnuchin. “I am proud of the FLEC’s work

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