dwight horsey millersville university. "financial literacy" is the understanding of basic...
TRANSCRIPT
Dwight HorseyMillersville University
"Financial literacy" is the understanding of basic concepts of money◦ Necessary skills to handle personal finances◦ During a lifetime
Concepts include◦ Budgeting◦ Saving◦ Funding college◦ Buying a home or an automobile◦ Percentage rates on credit cards◦ Planning for retirement
To the student
To the family
To the institution
Discouraging credit card companies on campus
Freshmen Year Experience
Workshops, websites, on-line courses, videos, on-demand media
Staff dedicated to debt management
Most students don’t budget their money
They are concerned or very concerned about money
Most own a credit or debit card
They try to save money but find it difficult
Most students don’t like loans but take them out anyway.
Upper classmen more concerned about loans than Fr. or Soph.
Clothes, rent, food, and car insurance are the top expenses.
Most make enough money to meet their needs.
Relationships
Familiarity with services
Don’t check the web
Mom, Dad or no one
Develop relationships with students
Put as much info out as Possible
Explore other options
Suggestions ?
Credit Card Use by College Studentscontributors; Frances C. Lawrence, Alumni Professor, and Jennifer J. Burczyk-Brown, Former Research Associate, School of Human Ecology, LSU AgCenter, Baton Rouge, La.; Rebecca C. Christofferson, Former Graduate Student, Department of Experimental Statistics, LSU AgCenter, Baton Rouge, La.; Sheri R. Fair, Extension Agent, LSU AgCenter, Gonzales, La., E. Barry Moser, Professor, Department of Experimental Statistics, LSU AgCenter, Baton Rouge, La.; Jeanette A. Tucker, Associate Professor, School of Human Ecology, LSU AgCenter, Baton Rouge, La