Show Them The Money: Advancing The Financial Literacy Of College Students With An Award-Winning Program Paul F. Goebel Senior Director UNT Student Money Management Center | moneymangement.unt.edu

Relevance "All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation." John Adams to Thomas Jefferson

Voices of Students

Poll Which of the following are strong reasons post-secondary institutions should be teaching students Financial Literacy? A.To help students afford college B.To help students stay in school C.To help students graduate D.To help students control student loan debt E.To help students understand repayment plans F.To help students prepare for lives after graduation

Initiative Life Cycle Students ConceptPlanningDesignImplementAssessEnhance

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Driving the Bus  Mandates (legislation)  Institutional priorities  Divisional priorities  Research findings  Needs assessment

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Our reality

Faces in the Audience  All students  Undergraduates  Graduate students  Special populations  Prospective students  Alumni  Parents

Poll According to the 2012 National Survey of Student Engagement Study, what percentage of first-year students worried about having enough money for regular expenses? A.10% B.20% C.30% D.40% E.50% F.60%

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Direction or Confusion

 Programming priorities  Scope of services  Strategic planning  Assessment/Learning outcomes  Resources Strategic & Intentional

Why is the name for the new financial literacy initiative or program important?

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Poll According to the 2012 National Survey of Student Engagement Study, the time period the majority of student respondents stated worked best for their schedules to take advantage of extracurricular activities/programs was? A.8:00a - 10:00a B.12:00p - 1:00p C.3:00p - 5:00p D.10:00p - 12:00a E.None of the above

Planning  Timing  Location  Time commitment  Accessibility  Off-campus?

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Who on your campus can you collaborate or partner with to provide programs?

Poll According to the From Soldier to Student II: Assessing Campus Programs for Veterans and Service Members survey, what percent of the responding campuses said providing programs and services for specifically veterans was part of their long-term strategy? A.11% B.21% C.41% D.51% E.71% F.91%

Planning  Money  Programming  Advising  Learning  Social

Poll Which of the following Financial Aid processes can be enhanced by a financial literacy initiative? A.Entrance Counseling B.Exit Counseling C.SAP Warning D.Maximum Hours Counseling E.Excessive Hours Counseling

How will the new initiative be funded or what funding are you currently receiving?

The UNT Model

Value of Time FTE Limited funding Borrowed student employee Rec Center foyer FTEs Limited funding 2 student employees 2 offices Logo Website FTEs Secured funding 4 student employees New suite Loan programs FTEs 8 student employees Surrender conference room 2 new loan programs FTEs 1 GA 6 mentors $346K Outreach Coaching Online Loan programs

Poll The number of students the UNT Student Money Management Center served increased from _______ in to _______ in ? A.100 to 500 B.150 to 1,550 C.200 to 3,200 D.250 to 10,550 E.300 to 4,500 F.450 to 8,550

Who? and What? Application Retention 326 9,060 1,164 12,592 | 51,825 Information Education

The SMMC Face Today

How?

 Student Services Fee  Annual request process  $14.41 per hour (Effective Fall 2013)  $346,000 dedicated to SMMC Funding

F.O.C.U.S. Model If You Try To Be Everything To Everyone, You’ll Be Nothing To No One. F.Foundation O.Order C.Cultivate U.Use your resources S.Start! Source: Rebecca Rose, Syracuse University

Final Thought "Always bear in mind that your own resolution to succeed is more important than any other." Abraham Lincoln

Questions

Resources  literacy-statistics.html  standards-for-financial-literacy  education/Documents/NationalStrategyBook_12310%20 (2).pdf   content/uploads/2012/11/COHEAO-Whitepaper- Financial-Literacy-on-Campus-.pdf

Paul F. Goebel Senior Director | UNT Student Money Management Center | moneymanagement.unt.edu