[Natfinwellness] Required Financial Wellness Classes

Fri Jan 15 14:13:42 EST 2016

Hello All,

Some institutions incorporate personal financial education (which could be considered a “life skill”) into their first-year seminar course – which teaches other important life skills – at least for higher ed students.

The challenge is then to incorporate financial education into a course taught be someone who may not be very well versed or qualified to teach the material.

The Financial Literacy Project at Wichita State University has produces a free website that provides information to help college students deal with their two major financial challenges, even if they don’t know they have these challenges. The website is www.mycollegemoneyplan.org<http://www.mycollegemoneyplan.org>. Here is an outline of the two challenges.

1.       How much will their education cost, how are they paying for it and are they borrowing too much as compared to their earning expectations at graduation? The answer to these questions can be found in several modules in Part 1 of the online course. The other modules of the course are more appropriate for students who are evaluating college choices.

2.       How can the student be prepared to deal with basic financial matters (financial goals, understanding their paycheck, balancing income and expenses, understanding credit reports/scores, understanding basic consumer debt, avoiding pitfalls, and ID Theft). These are subjects addressed in Part 2 of the online course.

First year seminar instructors who access  the “Teaching Resources” area of the website, with suggested lesson plans, can gain enough information to present the material in a meaningful manner. Seminar/Course directors can decide how much time is available for the topics and present what they think is important for their students. Students who want more information can explore additional material within the course and material linked to pages in the modules if they want more in-depth information.

Feel free to contact me with any questions.

Best Regards,

Tim Hagan, MBA
Financial Literacy Project Coordinator
Office for Student Success
tim.hagan at wichita.edu
316.708.0386
1845 Fairmount, Campus Box 139
Wichita, KS 67260
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From: Natfinwellness [mailto:natfinwellness-bounces+timothy.hagan=wichita.edu at lists.osu.edu] On Behalf Of Nate Peterson
Sent: Friday, January 15, 2016 9:00 AM
To: National Financial Wellness Listserv <natfinwellness at lists.osu.edu>
Subject: Re: [Natfinwellness] Required Financial Wellness Classes

Hi Jennifer,

At the University of Minnesota-Twin Cities, all of our incoming undergraduate students complete an online module (Transit Financial) to assess financial wellness.  This is a 2 part module with an implied mandate to complete.  Additionally, all of our incoming 1st year and transfer students attend a financial wellness session during Welcome Week titled Live Like a Student (the same name as our campaign).  Finally, we are exploring mandating 1:1 financial wellness appointments for students receiving institutional loans.  More to come on that one.

Nate

On Thu, Jan 14, 2016 at 9:52 PM, Ashton, Bryan <ashton.53 at osu.edu<mailto:ashton.53 at osu.edu>> wrote:
Hi Jennifer --

At Ohio State we have a partial financial wellness mandate for students as part of our Second Year Transformational Experience Program.  Students who are enrolled in the program (1,500 this year -- with expected growth in years to come) go through a two part financial wellness intervention:

1) Is an online financial module that targets the raising of awareness around a variety of financial topics.
2) Is a 1:1 in person coaching appointment that helps students to understand their personal financial situation and navigate any concepts that they would like.

I would be more than happy to go further in depth if helpful!

Bryan

Bryan Ashton Assistant Director
The Office of Student Life Student Wellness Center
B130 RPAC | 337 Annie and John Glenn Ave, Columbus, OH 43210
(614) 230-8190<tel:%28614%29%20230-8190> Office
ashton.53 at osu.edu<mailto:ashton.53 at osu.edu> swc.osu.edu<http://UrlBlockedError.aspx>
EDUCATIONAL SERVICE ONLY; NO ADVICE IS PROVIDED
Scarlet and Gray Financial Coaching is an educational service only. We do not provide investment, legal, debt consolidation, debt management or tax advice. The information provided is for general educational purposes only, and is not intended to substitute for the advice of your investment, legal, tax advisors and/or credit counselors or to be the basis of specific trading, investment or debt consolidation and management activities. If you need investment, legal, tax advice, and/or credit counseling, please consult with one of these professionals.
 The links to third-party financial resources are provided as a convenience for informational purposes only.  Neither The Ohio State University or its Student Wellness Center endorses or approves any of the products, services or opinions of the entities or individuals associated with these links.  The Ohio State University and its Student Wellness Center bear no responsibility for the accuracy, legality or content of any external site associated with the links provided or any subsequent links.
________________________________
From: Natfinwellness [natfinwellness-bounces at lists.osu.edu<mailto:natfinwellness-bounces at lists.osu.edu>] on behalf of Schroeder, Jennifer L [SFINA] [jschroed at iastate.edu<mailto:jschroed at iastate.edu>]
Sent: Thursday, January 14, 2016 2:27 PM
To: natfinwellness at lists.osu.edu<mailto:natfinwellness at lists.osu.edu>
Subject: [Natfinwellness] Required Financial Wellness Classes
We are currently pursuing creating a required financial literacy/personal finance course;  I was wondering if any schools currently have a required financial literacy or personal financial wellness type class?  If so can you share with me the name of the class, number of credits and topics covered?

Thank you!

Jennifer Schroeder
Program Coordinator
Student Loan Education Office
www.NoFearFinance.com<http://www.nofearfinance.com/>
P: (515)294-0677<tel:%28515%29294-0677>

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--
Nate Peterson
Assistant Director|One Stop Student Services | onestop.umn.edu<http://onestop.umn.edu/>
222 Pleasant Street SE, 225D Bruininks Hall
University of Minnesota | umn.edu<http://umn.edu/>
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