$ uccessful start
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$ uccessful Start. MASFAA Conference November 20, 2008 Hyannis, MA. I subscribe to the following theory…. Don’t reinvent the wheel, when you can steal the whole car!. John’s Top Ten Reasons to Offer Financial Literacy Workshops. - PowerPoint PPT PresentationTRANSCRIPT
$uccessful StartMASFAA Conference
November 20, 2008Hyannis, MA
I subscribe to the following theory…
Don’t reinvent the wheel,
when you can steal the whole car!
John’s Top Ten Reasons to
Offer Financial Literacy
Workshops
10) Low credit scores result in higher interest rates on future mortgages, loans or credit cards and possible loan denial.
9) Indebted adults between the ages of 18 and 24 spend almost 30 cents of every dollar earned to REPAY DEBT.
8) Nearly 3 out of 4 college students believe it is acceptable to use credit cards for living expenses.
7) Over 60% of first year college students max out their first credit card within one year.
6) Over 25% of college students pay late fees.
5) High levels of credit card debt have been linked to psychological problems.
4) Rates of financial stress are significantly higher for minority and first generation college students.
3) Nearly 60% of 1st year college students report that “Financial Problems” interfere with their schoolwork.
2) The average student loan debt surpasses $20,000 and over $88,000 for Law Students.
1) Over 33% of college students graduate with $10,000 or more in credit card debt over and above student loans.
• Brainstorm
• Survey Student Body
• Early promotion of presentations to students
• Support from Administration
• Session topics
• Presenters
– External Partners (Vendors)
– Faculty and Staff
The Start to our Success
Topics for Sessions• Budgeting• Credit• Credit Cards• Debt Management• Student Loan Consolidation • Loan Management• Personal Finance• Investments• Career Counseling • Job Interviews
Campus Involvement
Student Organizations Athletics Residential Assistants Deans & Department Heads Student Development Dept. Freshmen Orientation Staff
Campus CommunicationPublic awareness by publishing
an article in campus newspaper read by Faculty and Staff.
Encourage the Student Newspaper staff to write an article about the $uccessful Start Program.
Post “Billboards” around campus for additional student exposure
Worried About Debt After College?
Are You Confused About Your Financial Future?
Are You Looking For Some Guidance?
BC’s Financial Literacy Program
Sponsored by the Office of Student Serviceswill be hosting
“Building your Financial Future”Tuesday, November 14
4 p.m. – 6 p.m.in Walsh Function Room
Join us for Food, Fun, and Prizes!The workshop is limited to 50 people
R.S.V.P. to [email protected]
$uccessful $uccessful StartStart
Logistics• Obtaining Classroom Space• Audio/Video Equipment• Pizza/Refreshments• Handouts• Evaluations• Give-a-ways• Classroom Aides
LibraryCreate a well rounded source of
information for your students.
A library with periodicals, magazines, relevant books on financial matters.
Have it located in Reference Section of your main Library.
TRIO PROGRAMS
• If your college or university has a TRIO program, effective August 2008, the New Higher Education Act requires by law that you must offer your TRIO students a Financial Counseling Program.
Educational Institutions Currently Providing Financial Literacy Program
Boston College California State Univ.Plymouth State Univ. Iowa State Univ.
Suffolk Un Law School Bowling Green State Univ.
Texas Tech Univ. The Ohio State Univ.
Univ. of Alabama Univ. of Georgia
Univ. of Minnesota Univ. of North Texas
Univ. of Pittsburgh Univ. of Virginia
Univ. of Washington Georgetown Univ. Law
New York Law School Virginia Tech
Valuable Web Sites• www.fdic.gov/consumers/consumer/moneysmart
/index.html• www.bc.edu/successfulstart• www.mastercard.com/us/personal/en/learningce
nter/index.html• www.cashcourse.org• www.jumpstart.org• www.studentdebthelp.org• www.creditcardnation.com• www.truthaboutcredit.org• www.temple.edu/sfs/budgeting.htm
Additional Web Sites• www.hughchou.org/calc/coffee.cgi• www.decisionpartners.org• www.nefe.org• www.choosetosave.org• www.ibrinfo.org/about.vp.html• www.mappingyourfuture.org/money• www.wsj.com/financialplanning• www.bankrate.com• www.annualcreditreport.com• www.practicalmoneyskills.com
The Money Conference for Women
• Massachusetts State Treasurer, Tim Cahill sponsors a program each year geared to women covering a myriad of financial information.
• www.themoneyconference.com
External Sources for Packaged Financial Literacy Programs
• www.decisionpartners.org
• www.fdic.gov/consumers/consumer/moneysmart/index.html
PowerPoint Presentations to consider
• North Texas State, a forerunner in promoting financial literacy on campus.
• The NASFA July 2008 Conference by the National Endowment for Financial Education another good presentation.
• Ed Fund has an great PowerPoint Presentation Go to their web site at www.edfund/BuildingFutures
Click away to some great informational screens.
PowerPoint Presentations
• For an electronic copy of any of these presentations email:
Boston College Web Site
• The web site for our financial literacy program is located at:
• www.bc.edu/successfulstart
A penny in time saves nine or don’t spend more than you can
chew! Thank you for attending and helping secure the financial stability of our students.
John G. BrownBoston College
Student Services Lyons Hall Rm 111Chestnut Hill, MA 02467
Tel: 617.552.3370 Email: [email protected]