College-bound students in El Paso will soon be leaving home for the first time, and this transition can reveal gaps in basic life skills. Many students lack knowledge in areas such as laundry, cleaning, and financial literacy. To help with this transition, a private student loan company has shared some life skills that parents can teach their children.

Financial literacy is one key area, including budgeting and understanding compound interest. Further details on these life skills are available from the source, including results from a recent survey of college-aged students and their experiences with learning personal finance skills.