Washington, D.C. (April 04, 2012) – Today’s “college-ready” students must be prepared to handle more than just the academic rigors of obtaining a college degree. With the continuing rise of tuition costs, students now face an additional challenge: how to develop a personal budget that allows them to cover the day-to-day costs of living that won’t leave them crippled with debt after graduation.

Results from a recent survey of Imagine America applicants show that viewing a short video about the advantages of developing a personal budget can make an impact on what students borrow for college.

The Foundation’s Financial Planning Made Simple (FPMS) video tutorial is helping students attending “for-profit” colleges understand the financial decisions they are making and taking them step by step through the process of developing personal budgets. All Imagine America scholarship and award applicants are required to view the video in order to be eligible for a scholarship or award. Since its...