NEW YORK–(BUSINESS WIRE)–As the average student loan balance mushroomed to $35,000 for the class
of 2015, up from under $10,000 in 1993,* the financial future of college
students is increasingly at risk. Additionally, an August 2015 poll
conducted for the AICPA by Harris Poll revealed that while less than
one-in-four students (22 percent) knew the exact amount of their loans,
three-in-four said the debt would impact their decisions post-college.
To help students develop strategies to cope with this burden, AICPA’s 360
Degrees of Financial Literacy program will host a free webcast on
Nov. 18, from 1:00 – 2:00 P.M. EST, that will provide guidelines for
saving and budgeting for college. This webcast will provide attendees
with best practices and free tools they can use to improve their
financial lives, including specific strategies from CPA financial
planners on tracking expenses and income and evaluating various student
WHAT: “Saving and Spending 101: What College Students Need to
Know About Loans and Budgeting.” CPA/CFS credential holders will offer
specific ideas and suggestions on developing income and expense budgets,
and evaluating student loan options and loan repayment plans. Links to
free budgeting and loan tools and calculators will be provided.
WHO: Michael Eisenberg, CPA/PFS, Partner, MillerWard and Company
Long, CPA/PFS, Resident Financial Planner, Financial Finesse
are members of the AICPA’s National CPA Financial Literacy Commission.
WHEN: Wednesday, November 18, 2015, 1:00 – 2:00 P.M. EST
HOW: Reporters and the general public can register
for free online.
Note to editors: to speak with Michael Eisenberg, CPA/CFS or Kelley
Long, CPA/CFS either before or after the webcast, contact James
Schiavone at 212-596-6119, firstname.lastname@example.org
or Marc Eiger at 212-596-6042, email@example.com.
A copy of the slides is also available to reporters.
About the AICPA
The American Institute of CPAs (AICPA) is the world’s largest member
association representing the accounting profession, with more than
412,000 members in 144 countries, and a history of serving the public
interest since 1887. AICPA members represent many areas of practice,
including business and industry, public practice, government, education
The AICPA sets ethical standards for the profession and U.S. auditing
standards for private companies, nonprofit organizations, federal, state
and local governments. It develops and grades the Uniform CPA
Examination, and offers specialty credentials for CPAs who concentrate
on personal financial planning; forensic accounting; business valuation;
and information management and technology assurance. Through a joint
venture with the Chartered Institute of Management Accountants (CIMA),
it has established the Chartered Global Management Accountant (CGMA)
designation which sets a new standard for global recognition of
The AICPA maintains offices in New York, Washington, DC, Durham, NC, and
Media representatives are invited to visit the AICPA Press Center at aicpa.org/press.
*According to a survey by WSJ.com