Five simple steps can help you implement or enhance your financial literacy program in the coming year, according to representatives of San Jacinto College and USA Funds®:
- Determine your target population.
- Determine how to communicate with your target population.
- Determine what offices/departments will be involved.
- Determine if student records will be updated.
- Determine how to measure your goals.
During the Dec. 5 webcast “Enhance Financial Literacy on Your Campus,” more than 200 participants learned about a variety of best practices for financial literacy education on campus. Presenters Elena Olivier of San Jacinto College and Debbie Bradford and Teresa Spruill of USA Funds also shared information about the following key topics:
- The best practices San Jacinto College has employed that have made its financial education program successful, and how USA Funds Life Skills® is helping in that process.
- How to measure your financial literacy program to make sure you are offering students basic strategies for managing their finances and completing their degrees on time.
- Consideration of whether your school’s financial literacy program decreases borrower delinquency rates. Using USA Funds Life Skills, San Jacinto College has seen a 60 percent decrease in borrowers who are 211-to-270 days delinquent on their loans.
- Understanding a student’s intent to change behavior due to your financial education courses. San Jacinto College has seen a 22 percent increase in financial knowledge among its student population.
If you were unable to participate in the webcast, or would like to view the webcast and materials again, access the recording and materials on the USA Funds website.
To learn more about USA Funds Life Skills and USA Funds’ other debt management and default prevention tools and solutions, contact your USA Funds representative.