Debt controversy indirectly pushes financial literacy programs

MACON CO., AL (WSFA) - The debt crisis in Washington could perhaps do more to teach youngsters the importance of money management than any course available.

"A lot of our students leave school with student loans," said Dr. Kevin Rome.

Dr. Rome plans to share some of these thoughts with his students. Rome traveled all the way from his school at North Carolina Central University in Durham to attend a financial literacy luncheon at the Kellogg Conference Center at Tuskegee University.

The head of the World Conference of Mayors, Johnny Ford is endorsing Everfi and plans to take up its cause. Everfi is a 6-year old company based in Washington, D.C.

One of the platforms Everfi specializes in is teaching high school and college students across the country crucial elements of money management; saving, investing and staying out of debt.

The schools get a few talking points and lessons from the company's website and it's free.

"They learn how the stock market works and credit card comes with responsibility," said Ford.

A financial literacy course is already taught in the public high schools in Montgomery County and Bullock County.

Bullock County Superintendent Dr. Keith Stewart says it's paying off in his school district.

"We've had students leave.. go to college and come back and tell the other students to use their credit wisely," said Dr. Stewart.

Everfi says it's spreading the word on financial literacy in 79 public school districts in Alabama. The company says it's also reached some 3,500 schools across the country.

Teaching the value of the dollar bill, apparently a lesson not learned yet in Washington where the White House and Congress are grabbling with a $14.3 trillion dollar deficit.