[Natfinwellness] Universities with mandatory (or nearly mandatory) financial education

[Sweeney, Jennifer]

Hi,

We are a small private (2000 UG) students who requires Financial Literacy
education as a graduation requirement, but it is not a course and there is
no credit assigned.  Interesting huh?

Here is more information about our program: www.champlain.edu/LEAD-Financial

On Thu, Oct 8, 2015 at 1:48 PM, Ann House <ahouse at sa.utah.edu> wrote:

> Hi Susie, et al,
>
>
>
> I am the coordinator of our student money management center at the
> University of Utah. We are a 4-year public school with a student enrollment
> of about 32,500. We do not mandate financial education because our
> administration doesn’t see the necessity. We have a tiny default rate on
> federal loans, well below the national average. Of course, we all know that
> the data about default rates is only part of the picture.
>
>
>
> I had to look to other indicators of student wellness to get any political
> power. When we looked at our data, we found that our graduation rates were
> low and of those who do graduate, it takes an average of 6 years for a
> 4-year degree. Many of our students drop out for a time. We found that 80%
> of our students work, most of that 80% working 30 hours a week or more.
>
>
>
> In response, my financial center is focusing on retention and graduation.
> Because of this, we are making strides in getting personal financial
> education a part of several programs, such as Welcome Week events, Parent &
> Family, TRiO, Women’s Resource Center, the athletics department, and
> Financial Aid.
>
>
>
> Examples: My work with Financial Aid this year will  be an initiative to
> get more students to fill out their FASFA. We have a very low rate of
> students who apply for federal financial aid. My hope is with more students
> applying for aid, their workload may be reduced, allowing them to focus on
> school rather than jobs. Students with TRiO are required to visit our
> office as part of a class and we present at their math classes. We also
> teach their required financial education class. The Women’s Resource Center
> requires us to visit with their students before they can receive a
> scholarship.
>
>
>
> So, the short answer is, while I have been unsuccessful in getting
> financial literacy required campus-wide, I have been fairly successful when
> using our school’s particular issues to become integrated into existing
> programming. But there is still a lot to do!
>
>
>
> Best-
>
>
>
> Ann C. House, MS, CPFC, CEPF
>
> Coordinator, Personal Money Management Center
>
> The University of Utah
>
> Olpin Student Union Building
>
> 200 S. Central Campus Dr., #317
>
> Salt Lake City, UT 84112
>
> 801-585-3886 (Office)
>
> www.personal-money-management.utah.edu
>
> [image: cid:image002.png at 01D101BE.9DD26380]
>
>
>
>
>
> *From:* Natfinwellness [mailto:natfinwellness-bounces at lists.osu.edu] *On
> Behalf Of *Susie Jacobs
> *Sent:* Thursday, October 08, 2015 10:03 AM
> *To:* National Financial Wellness Listserv (natfinwellness at lists.osu.edu)
> *Subject:* [Natfinwellness] Universities with mandatory (or nearly
> mandatory) financial education
>
>
>
> Good morning,
>
>
>
> Do any of your schools require financial education for students in some
> form?  Or does anyone incorporate it into programming in such a way that
> most students receive it in some form?
>
>
>
> I am especially interested in 4-year public U’s with FTE around 30,000 or
> so, but would like to hear from anyone who is doing this.
>
>
>
> Thank you for your help.
>
>
>
> *Susie Jacobs*
>
> Manager, Communications
>
> Bursar’s Office
>
> University of Colorado Boulder
>
> *T* 303 735 0817
>
> *F* 303 492 1017
>
> *Online* Bursar’s Office <http://bursar.colorado.edu/>
>
> *Social *@CUBoulder <https://twitter.com/CUBoulder>
>
>
>
> [image: BeBoulder_Email_Signature-1]
>
>
>
> _______________________________________________
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> https://lists.osu.edu/mailman/listinfo/natfinwellness
>
>


-- 

*Jennifer Sweeney*

Director of Student Life and LEAD

Champlain College

163 South Willard Street

Burlington, VT 05402

(802) 383-6608

LEAD Events Happening This Week
<https://docs.google.com/document/d/1bDLTGp2trwm0tBWaKLqzDi1AeFUG_l1iekZw2RahwE0/pub>


www.champlain.edu/LEAD-curriculum
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