News Release

New Jersey Department of
Banking and Insurance

Acting Commissioner Ken Kobylowski

For Immediate Release:
October 17, 2012

For Further Information:
Ed Rogan or Marshall McKnight (609) 292-5064

OLD BRIDGE – New Jersey Department of Banking and Insurance (DOBI) Acting Commissioner Ken Kobylowski today urged a group of high school students at Old Bridge High School to save their money, be careful with credit cards, maintain a good credit score and exercise caution about what they post on social media. Speaking to a group of some 200 students as part of the Department’s ongoing financial literacy program, the Acting Commissioner warned the group that some financial choices can not be easily undone.

“The financial decisions you make today and in the near future will impact your opportunities in the coming years,” Acting Commissioner Kobylowski said. “That is a certainty.”

Following his presentation, Acting Commissioner Kobylowski answered questions from students and staff. Students asked questions about college tuition, credit card selection and savings account shopping.

Since 2006, DOBI and its partners have reached thousands of students in public high schools in all 21 counties with financial literacy programs. In addition, a new financial literacy high school graduation requirement began in New Jersey last year with the 2010-2011 ninth grade class. All students will take at least 2.5 credits in financial, economic, business and entrepreneurial literacy. By graduation, students will demonstrate an understanding about how the economy works and their own role in the economy, as well as develop the necessary skills to effectively manage personal finances.

This was the Department’s first financial literacy presentation of the 2012-13 school year.

For more information

Visit the Department’s Website at www.dobi.nj.gov

Call the Department at 800-446-7467 or 609-292-7272.