Business helps fill gap for students |

Business helps fill gap for students

High school students at large just don’t understand how finances and budgets work, and statistics show the problem is getting worse.

A Nevada County business is stepping in to help increase financial literacy among high schoolers through assemblies Oct. 8, where speakers will cover topics like budgeting and avoiding mountainous student loan debt.

“Students are starting off digging themselves out of a $30,000 or $40,000 hole, and at a time when it’s hard to find a job even with a college degree,” said Allen Ostrofe, president of Ostrofe Financial Consultants, Inc., which is underwriting the events.

Guest speakers at the in-school assemblies during the day include Vince Shorb, President of the National Youth Financial Educator’s Council, and Fritz Meyer, a leading economic and markets analyst and frequent guest on CNBC, Bloomberg TV and Fox Business News.

The evening workshop is set for 7:30 to 9 p.m. Friday, Oct. 8, at the Miners Foundry, 325 Spring Street in Nevada City. It’s free and open to the public, but donations are encouraged to help fund future student financial literacy programs in public schools.

To RSVP to the evening presentation, call Patty Lum at Ostrofe Financial Consultants, Inc., (530) 273-4425, by October 5th.

Ostrofe Financial Consultants is getting involved at a time when schools are too strapped to foot the bill on such programs, and administrators are calling on the business community for assistance.

“We want to start a grassroots effort,” Ostrofe said. While students are required to take an economics class to graduate high school, “economics is totally different from financial literacy. You may know about GDP, but it’s far more important to know about avoiding scams, balancing a checkbook, and spending only what you have.”

The workshops aren’t about how to get rich, Ostrofe said, but how to stay out of money trouble.

“We’re teaching what it takes to achieve financial responsibility and accountability,” he said. “Life is a lot easier when you don’t have financial stress.”

To contact Staff Writer Michelle Rindels, e-mail or call (530) 477-4247.

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