The absence of financial literacy programs in higher education creates a learning gap that ultimately becomes a weakness for today’s college students.
Seven years ago, USA Funds identified this problem and addressed it through a web-based financial literacy and student success program. What the program does is introduce college students to money and time management skills that better prepare them for their life after graduation. These topics are introduced through an array of online courses that each student can take at their own pace. The program as a whole incorporates the best in digital learning by utilizing audio, video, and interactive activities offered through a digital interface.
USA Funds is a non-profit organization committed to preparation and success in postsecondary education. As of March 14, 2016, 1 million USA Funds’ Life Skills courses have been completed. Nearly 300,000 students from more than 250 institutions make up this incredible number.
Education at Work became an affiliate of USA Funds in 2014 and since has introduced the USA Funds’ Life Skills Courses to their college student workforce.
This program has become an integral part of Education at Work’s on boarding process. Thanks to these courses, the organization’s student employees not only graduate with less debt, but with the tools necessary to take control of their financial future.
A recent survey conducted by Citizens bank, found that college graduates aged 35 and under now expect to pay off student loans into their 40’s. Of the graduates surveyed, 36% graduating with loans said they would not have gone to college if they had known how much it was going to cost them. Statistics such as these reveal how important programs like USA Funds’ Life Skills Courses are to today’s college students. Being financially literate well before college graduation can help reduce the financial stress and anxiety that has become associated with graduating from college.
About Laura Forero
Laura Forero is currently a junior at Xavier University studying Public Relations and Advertising. She enjoys reading, writing, and following a good PR crisis unfold in modern day media. Connect with her on LinkedIn.