Correction Appended: This story incorrectly referred to student lender Sallie Mae as Nellie Mae.

If you don't know what your credit rating is, you're not alone.

According to a recent study, 68 percent of college students rarely or never budget, half don't pay their credit card bills regularly or in full, and only 40 percent know what the interest rates on their credit cards are.

Ricky Robinson hopes to change that.

Robinson, who earned an MBA from the Stephen M. Ross School of Business and taught accounting at the University's Dearborn campus last year, said many college students are risking their futures by not understanding the basics of personal finance.

"What you don't want to do is become the working poor, anda credit rating.

"In five or 10 years, when you go to buy a new car or a house, the decisions you made at college are going to affect the interest rate you'll get," Robinson said.

The average undergraduate has $2,200 and the average graduate student $5,800 in credit card debt, according to Sallie Mae, the nation's largest issuer of student loans.

Robinson said the most important thing college students can do to improve life after graduation is to take a course in personal finance.

"Right now kids are learning personal finance by chance," Robinson said. "You don't want to learn by chance, because that can be painful."

Currently the University does not offer any courses in personal finance, although many other universities do, including Michigan State University.

According to administrators, the economics department has no plans to offer an introductory course in personal finance.

"Matters of personal finance are not part of the field of economics," said Lutz Killian, associate chair for student affairs in the economics department.

LSA junior Jeremy Smoot, who admitted to having a "fair amount" of credit card debt, said he thinks the University should offer a mini-course in personal finance.

"If they had personal finance course, I might take it," Smoot said.

Because the University lacks a course in personal finance, Robinson said he hopes students will turn to his Money Brains program to learn the basics.

"It is not rocket science," Robinson said. "If you can add, subtract, divide and multiply, you can do this stuff."

Robinson hopes to come to the University in the fall as part of a planed personal finance speaking tour.