copyright 2009 national student loan program counseling students to effectively manage finances

Download Copyright 2009 National Student Loan Program Counseling Students to Effectively Manage Finances

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  • Slide 1
  • Copyright 2009 National Student Loan Program Counseling Students to Effectively Manage Finances
  • Slide 2
  • 2 By the end of this session, you will be able to Identify the purpose of financial counseling Recognize counselor and client roles Understand the components of financial counseling Utilize tips for counseling students
  • Slide 3
  • 3 The Purpose of Financial Counseling
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  • 4 Changing behaviors Skill vs. behavior skill: something that requires training and experience to do well behavior: the way a person responds to a certain set of conditions a reflection of ones values and interests
  • Slide 5
  • 5 Skill or behavior? Developing a budget Tracking spending Not using credit cards Completing the FAFSA Saving money Pulling credit report annually Reading your credit report - Skill - Both - Behavior - Skill - Behavior - Skill
  • Slide 6
  • 6 Counselor and Client Roles
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  • 7 Role of the counselor Manage the counseling sessions process and method Use influence to help clients achieve financial goals Should try to work themselves out of a job May not be able to work effectively with all clients
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  • 8 Role of the client Provide content for the counseling session issues and problems has all the knowledge about the situation controls what information is given Should have an inherent desire to overcome the situation
  • Slide 9
  • 9 Client and counselor interaction Focus clients on solutions, not causes Examining the past can provide insight, especially regarding behavior change happens in the present Gentle, tender, and human interaction Listening, supporting, facilitating, and teachingmost effective counseling skills
  • Slide 10
  • 10 Components of Financial Counseling
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  • 11 Initiation Counseling initiated by either: counselor client
  • Slide 12
  • 12 Probe Level 1 Who? What? Where? When? How? How much? Level 2 feelings and why
  • Slide 13
  • 13 Exploration Gather information through the interview process communication is the key drawing activity: remember, not all communication is verbal
  • Slide 14
  • 14 Define students learning style visual auditory kinesthetic Exploration Refer to Learning Style handout
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  • 15 Body language Nonverbal movements when we communicate 7 percent words 38 percent tone 55 percent body language Body movements (kinesis) Body positioning (proxemic) Source: http://changingminds.org
  • Slide 16
  • 16 Tips for counseling students 1.Ask to talk in private. 2.Listen in a non-judgmental manner avoid should and need to. 3.Emphasize today and the futurethe past is just that. 4.Repeat what you hear to clarify and ensure you understand the students comments/concerns. 16
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  • 17 Tips for counseling students 5.Provide your undivided attention. 6.Try to understand from the students perspective. 7.Use open-ended questions how where when 17
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  • 18 What Fairy Tale Character am I?
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  • 19 Understanding Problem solving discuss possible solutions to the problem(s) Set priorities Client commitment on the next steps
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  • 20 Action Set goals characteristics of attainable goals Specific Measurable Attainable Realistic Timely
  • Slide 21
  • 21 Action Good solutions are: related to goals address a specific behavior simple match the students strengths Establish an action plan
  • Slide 22
  • 22 Termination May be terminated: by student or counselor with or without solution/agreement temporarily or permanently
  • Slide 23
  • 23 Follow-up Another appointment As needed Phone or e-mail
  • Slide 24
  • 24 Evaluation Can be done with/without student, or both Assess process and outcomes
  • Slide 25
  • 25 Now you can Identify the purpose of financial counseling Recognize counselor and client roles Understand the components of financial counseling Utilize tips for counseling students
  • Slide 26
  • 26 Now what?
  • Slide 27
  • 27 Learn to Manage Your Money www.nslpflonline.org Budgeting Contracts Credit Credit History Identity Theft Starting a Business Insurance Financing Education
  • Slide 28
  • 28 More information National Student Loan Program 1300 O St. Lincoln, NE 68508 www.nslp.orgwww.nslp.org Financial Literacy, ext. 6858 NSLPFinancialLiteracy@nslp.org Business Development, ext. 6618 pamv@nslp.org