Every year, students are drowning in debt because they are not taught in school how to manage their money wisely. Approximately, 40% to 65% of bachelor’s degree college graduates have student loan debt. During their time in college, they spend their money carelessly on subscriptions and other things that cause them to overspend. They are not taught in high school how to properly handle their money.  Because they are not not properly, they forget to pay their bills and get behind in payments. On the other hand, people who are knowledgeable and are taught how to handle their money are more likely to be financially literate and are more stable financially. If a student took financial literacy training in high school, they are less likely to be in student debt. This shows how people with financial education may become more cautious about borrowing money in general. Schools have seen the struggle of students stuck in student debts and loans and have pushed to have financial education or personal finance a requirement in their schools to help their students. Researchers have found that schools with this requirement have had a positive impact on the students who took the class. They also found out that students who took this class but didn’t go to college felt worse about their financial literacy and have felt like it has backfired on them. The students who took the class have had a positive effect in the long run for the students financial literacy.