"We've got to do better by our students," this is the thought that comes to my mind as I flip through the newspaper and land on an article I've been quoted in about yet another college student who has gotten good grades but a failing credit score.

I know first hand the struggles that come when you're book smart, but credit stupid and the reality is that far too many of our 20-something, soon to be college grads aren't prepared to pass the test of handling money, credit and debt responsibly.

When more students are filing personal bankruptcy than graduating from college we all need to acknowledge that the consequences of being financially ignorant will be more devastating than just having Jr. come back home to sleep on the couch after college – our children's future and quality of life is at stake.

As parents who are paying pretty hefty price tags for a quality education, you might want to insist that the college of your choice make "Money 101" a required course before graduation.