New York Times: Finance expert discusses preparing students for college

An article in The New York Times quotes Lewis Mandell, professor emeritus of finance and dean emeritus of the School of Management, in a story about skills students need to have mastered before going to college. "They need to have some sort of budget and a general concept of how much they need to get through each period, and what large payments need to come out," he said. "But they don't have to balance to the penny."