To get a sense of the financial risks that students and young graduates face when entering the workforce these days, consider that student debt ballooned to $1.35 trillion this year and shows no sign of abating, according to the Federal Reserve. Also, most Americans graduate from high school and college without financial literacy training.

“It’s alarming because it shows these are young adults starting out their lives with a very substantial financial burden and often not equipped to make sophisticated decisions about their financial lives,” says Jon Dauphiné, executive director of the Foundation for Financial Planning. “Often they have not had access to expert advice and are at particular risk. Increased financial literacy and also the assistance of an expert in pro bono planning can be invaluable.”

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