1 / 22

$ uccessful Start

$ 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.

todd-coffey
Download Presentation

$ uccessful Start

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. $uccessful Start MASFAA Conference November 20, 2008 Hyannis, MA

  2. I subscribe to the following theory… Don’t reinvent the wheel, when you can steal the whole car!

  3. John’s Top Ten Reasons toOffer Financial Literacy Workshops

  4. 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. 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.

  6. The Start to our Success • Brainstorm • Survey Student Body • Early promotion of presentations to students • Support from Administration • Session topics • Presenters • External Partners (Vendors) • Faculty and Staff

  7. Topics for Sessions • Budgeting • Credit • Credit Cards • Debt Management • Student Loan Consolidation • Loan Management • Personal Finance • Investments • Career Counseling • Job Interviews

  8. Campus Involvement • Student Organizations • Athletics • Residential Assistants • Deans & Department Heads • Student Development Dept. • Freshmen Orientation • Staff

  9. Campus Communication Public 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

  10. Worried About Debt After College?Are You Confused About Your Financial Future? Are You Looking For Some Guidance? $uccessful Start BC’s Financial Literacy Program Sponsored by the Office of Student Services will be hosting “Building your Financial Future” Tuesday, November 144 p.m. – 6 p.m. in Walsh Function Room Join us for Food, Fun, and Prizes! The workshop is limited to 50 peopleR.S.V.P. to successfulstart@bc.edu

  11. Logistics • Obtaining Classroom Space • Audio/Video Equipment • Pizza/Refreshments • Handouts • Evaluations • Give-a-ways • Classroom Aides

  12. Library Create 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.

  13. 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.

  14. Educational Institutions Currently Providing Financial Literacy Program

  15. Valuable Web Sites • www.fdic.gov/consumers/consumer/moneysmart/index.html • www.bc.edu/successfulstart • www.mastercard.com/us/personal/en/learningcenter/index.html • www.cashcourse.org • www.jumpstart.org • www.studentdebthelp.org • www.creditcardnation.com • www.truthaboutcredit.org • www.temple.edu/sfs/budgeting.htm

  16. 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

  17. 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

  18. External Sources for Packaged Financial Literacy Programs • www.decisionpartners.org • www.fdic.gov/consumers/consumer/moneysmart/index.html

  19. 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.

  20. PowerPoint Presentations • For an electronic copy of any of these presentations email: brownjo@bc.edu

  21. Boston College Web Site • The web site for our financial literacy program is located at: • www.bc.edu/successfulstart

  22. 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. Brown Boston College Student Services Lyons Hall Rm 111 Chestnut Hill, MA 02467 Tel: 617.552.3370 Email: brownjo@bc.edu

More Related