Financial Stress: The Overwhelming Impact on Students NMASFAA March 27, 2014.

Slides:

Advertisements

Similar presentations

Financial Aid: An Informational Tool for Middle School Students and Families.

Advertisements

Transfer Success: Skills to Succeed in a Baccalaureate Program Charlene A. Stinard, Director Transfer and Transition Services University of Central Florida.

GEAR UP Idaho  GEAR UP Idaho is a federal grant program that provides comprehensive, early intervention college access programming to selected Idaho.

Charting a Course to Student Success: Perspectives and Approaches on Financial Education.

Guiding the Way to Higher Education Families, Counselors and Communities Together.

UNCF ICB ACCREDITATION AND STUDENT LOAN DEBT MANAGEMENT INSTITUTE DEFAULT PREVENTION BEST PRACTICES PRESENTED BY ANTONIO HOLLOWAY (HUSTON-TILLOTSON) AND.

Create Successful Financial Literacy on Campus Moderated by: Colleen MacDonald, SimpleTuition Presented by: Paul Mittelhammer, Inceptia Dennis Zanchi,

The Benefits of AP Courses AP courses can be challenging, but it’s work that pays off. AP courses are often the most interesting and fulfilling courses.

Innovative payment processing and refund distribution with High Touch Service SM Ebbing the Abyss: Higher Education’s Role in Promoting Financial Literacy.

Ice Breaker 1. Name 2. Affiliation with Be A Mentor 3. If mentoring, the age of child(ren) you mentor 4. If money were no object, what one thing would.

WELCOME COLBY SCHOOL DISTRICT Stakeholder Driven Strategic Planning January 8, 2014.

Presented by: American Student Assistance A COLLABORATIVE APPROACH TO FINANCIAL EDUCATION.

MASFAA 2013 October 6 th – 9 th, 2013 Indianapolis, Indiana FINANCING A GRADUATE EDUCATION – PUTTING STUDENTS IN THE COCKPIT John Garcia – Michigan State.

Taming the High Cost of College! Brad Baldridge Baldridge College Solutions, LLC W. Layton Avenue Suite 200 Greenfield, WI (414)

Financing a University Education CSU-UC Joint Counselor Conference September DRAFT.

Looking ahead to school year

Single Mom INITIATIVE The Economic Self-Reliance of Utah Single Moms Richard J. McClendon, Ph.D. Research Director BYU ESR Center

Sam Houston State University Student Money Management Center.

Program Leader Orientation. Today’s Agenda: Student Recruitment and Preparation Group Safety & Health Conduct & Responsibilities Financial Management.

GCAC COLLEGE ACCESS FOR ALL STUDENTS: A PROFESSIONAL LEARNING OPPORTUNITY

Building a Comprehensive Collegiate Financial Education Program Bryan Ashton Senior Program Coordinator, Financial Wellness.

Georgia Department of Education Preparing for College Parent Engagement Program Workshop Template.

What do you feel are the most critical issues keeping Lebanon High School students from being successful? Family Factors Lack of structure at home.

1 What College Bound Students Need to Know After They File the FAFSA 2013.

A View of Financial Literacy on Campuses Kelly Savoie and David Haygood Sallie Mae.

College Costs What you need to know about paying for a college education College Costs What you need to know about paying for a college education.

Increasing Financial Capability in Young People: Engaging approaches that build financial, social, and personal assets Developed by: Inger Giuffrida August.

 Aaron Courtney Assistant Manager, Financial Services University of Wyoming Laramie, WY  Dean Obenauer Assistant Director of Financial Aid Creighton.

Financial Aid 101 GAcollege411 nancial_Aid_101/Financial_Aid_101.aspx.

Educational Debt and the Financial Aspects of Planning for Law School The webinar will begin promptly at 7:30 p.m., EST. For audio, please use audio via.

Stretching Student Aid Revised 8/2013. Agenda How Financial Aid WorksShrinking the Cost of AttendanceGrowing Your Financial ResourcesScenarios.

2012 NASPA Annual Conference  Phoenix, Arizona  March 10–14, 2012 Career Services: Successful Approaches to Transformation March , 8:45-9:45am.

The NHHEAF Network Organizations’ Campaign for Financial Literacy Presented for: EASFAA Tori BerubeRebecca Palmer Vice President, Product MarketingDirector.

Financial Literacy Services Edgewood College Madison, Wisconsin.

Passing the Buck: Preparing Generation Next to Be Financially Literate.

1 © 2012 The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill Chapter Ten Making Financial Decisions.

Saving for College. PICPA The Pennsylvania Institute of Certified Public Accountants PICPA is a professional association of more than 22,000 CPAs working.

Guiding the Way to Higher Education Families, Counselors, and Communities Together.

FINANCIAL LITERACY Resources for Every Stage of Federal Student Aid U.S. Department of Education 2015.

1 Sharing the Aid Awareness Challenge: How to Reach Diverse Groups in Urban and Rural Settings Jane Collins Cissy VanSickle Session 23.

o My first step is to move to Chicago Illinois. o Next step is to enroll into either Columbia or Kendall college. o After I'm enrolled ill stay as long.

FINANCIAL AID Ms.Escoto. ancial_aid_in_the_bag.

Preparing all school employees for their financial futures Marita Zuraitis – President and CEO, Horace Mann.

UNC Wilmington Office of Scholarships & Financial Aid Seahawk Saturday September 2015.

The Community Financial Center of Prince George’s Community College March 11, 2010 Betty Habershon, Director October 26, 2015 Asset Building In Prince.

College How do I accomplish It. Set the Stage for Dreams to Become Reality Start thinking about College now Where do you want to go and what do you want.

Copy write Strategies For College, Inc College Planning & Funding Strategies Copyright Strategies For College, Inc

Dr. Robert B. Blair and Dr. Maria L. Edlin Middle Tennessee State University Tennessee Business Education Association Murfreesboro, Tennessee.

Financial literacy is defined as understanding how to manage money effectively. Financial literacy is the knowledge and skills to make informed decisions.

Money Matters Presented by the Office of Student Financial Aid Services & Bursar’s Office.

Presented by: Beth Howard Financial Assistance Meredith College.

AFFECTING CHANGE ACROSS CAMPUS MOHAVE COMMUNITY COLLEGE’S FINANCIAL LITERACY & DEFAULT MANAGEMENT EFFORTS REVEALED By: Doug Masterson 05/10/2012.

 Assisting Students in Making Wise Financial Decisions While Obtaining A Degree UT ARLINGTON STUDENT MONEY MANAGEMENT CENTER.

Financing Your Education March Break Open House 2016 Brenda Denomme & Maureen Jones Student Awards & Financial Aid.

PARTNERING WITH PARENTS & FAMILIES FOR STUDENT SUCCESS Brett Bruner, Director of Persistence & Retention | Fort Hays State University Dr. Cassy Bailey,

Financial Literacy Compendium Compiled by Karen Long-Trail, Coordinator of Admissions and Financial Aid TWU T. Boone Pickens Institute of Health Sciences.

College Financial Literacy and Financial Aid: The Perfect Partnership Mark Mielke Financial Aid Advisor Money Wise Aggie Coordinator Texas A&M University.

Financial Literacy: Skills for Taking Charge of Your Financial Success Review of the Economic Consequences of Delaying Graduation.

Countdown to College Doug Wiegand Rising Sun High School.

Online Resources to Increase Financial Literacy Are They Needed and Can They work? Tim Hagan and Gretchen Holthaus Financial Literacy for College Success.

Financial Literacy Resources for Every Stage of Federal Student Aid Presenter Name | Date.

FINANCIAL INCLUSION AND SHARED PROSPERITY: THE NEXT FRONTIER Michael Morris Executive Director National Disability Institute June 2, 2016.

Effectively Preparing Students For Repayment

Keiser University’s MBA

Financial Literacy: Skills for Taking Charge of Your Financial Success

Office of Undergraduate Education

Student Money Management Center

FSSE-G RESULTS Faculty Survey of Student Engagement for Graduate Student Instructors.

One Letter, Big Results: Using Debt Letters to Encourage Smart Borrowing Tami Gilbeaux Strategic Business Director.

MoneyCounts: A Financial Literacy Series

Presentation transcript:

Financial Stress: The Overwhelming Impact on Students NMASFAA March 27, 2014

Speakers 2 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia. Brenda McCafferty Strategic Business Director Inceptia Mike Lubben Vice President of Business Development Inceptia Dr. Anthony Marin Director of Student Affairs & Enrollment Mgmt. New Mexico State University

Agenda 3 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia. Importance of Financial Literacy Financial Stress Q&A

Knowledge Skills & Abilities ConfidencePerspective What is financial literacy? 4 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

5 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

Skills and Abilities 6 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

Confidence 7 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

Perspective 8 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

Responsible Financial Decisions 9 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia. Knowledge Skills/ Abilities Skills/ Abilities Confidence/ Efficacy Confidence/ Efficacy Perspective

10

Cost of attendance is going up Why? 11 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

19% of full-time students at public four-year colleges and universities attend institutions that increased their published prices by 12% or more. Why? 12 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia. College Board

Cost of attendance is going up Young adults desperately lack financial skills Why? 13 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

Financial Aptitude Analysis 14 © 2014 InceptiaConfidential. Do not copy or redistribute without expressed written permission from Inceptia.

Cost of attendance is going up Young adults desperately lack financial skills Legislative environment Why? 15 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

Cost of attendance is going up Young adults desperately lack financial skills Legislative environment Stress and money Why? 16 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

Inceptia Financial Stress Survey 17 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia. Online survey N = 438 Currently enrolled or recent grads

Student Respondents by Rank 18 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

Student Respondents by Institution Type 19 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

Top Stressors 20 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

Qualitative Feedback Health and Mental Health (Self) Health and/or Death of Family Member Concerns about Career and Educational Plans Extracurricular Activities and Athletics Relationships 21 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia. Top Stressors

“My mom was in an accident and my parents’ income took a big hit.”

“Not being able to afford groceries has been a cause for concern that I find frequently distracts me while doing my school work.”

“When all I can think about is money and how much I’m going to owe or how I can’t afford supplies, it’s hard to stay focused in school.”

“My mother is disabled and my family is below the poverty line. It’s hard for me to be off at school, eating regular meals and attending classes because I get student loans, while my family is at home and most likely without groceries.”

Impact of Financial Education 26 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

Red to Green Money Management Program Title V Grant Institutionalized Inceptia Wells Fargo Company NMSU President’s Performance Fund New Mexico State University 27 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

Staffing Director, Student Affairs Associate Director, Career Services Peer Financial Literacy Coaches Career Service Marketing Department NMSU Financial Aid and Scholarship Office Student Success Center, Associate Director Student Success Center, Graduate Assistant Private Industry Professionals NMSU Faculty New Mexico State University 28 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

Content Student Financial Aid Student Loans/Repayment Identity Theft Credit Score/Reporting Credit Card Use Budgeting Financial Success New Mexico State University 29 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

Hands on Banking and Financial Avenue University 114 Money Matter$ Wells Fargo Hands on Banking Financial Avenue Modules Financial Related Articles New Mexico State University 30 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

Financial Success Workshops UNIV Courses University Courses Classroom Presentations General Student Population Federal, State, University Programs Individual Financial Success Sessions Peer Lead New Mexico State University 31 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

Financial Success Fair Banks Consultation Financial Services Investment Firms Insurance April 16, 2014 New Mexico State University 32 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

Social Media Blitz Facebook Twitter Instagram Pinterest Red to Green Money Management Program Website Program Information Financial Resources Financial Avenue New Mexico State University 33 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

University 114 Money Matter$ Wells Fargo Financial Avenue Modules Financial Related Articles Future Initiatives Evaluation Plan Outcomes New Mexico State University 34 © 2014 Inceptia Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

Q&A 35

BRENDA MCCAFERTY Strategic Business Director Inceptia.org Follow us on Twitter 36

MIKE LUBBEN Vice President of Business Development Inceptia.org Follow us on Twitter 37

TONY MARIN DIRECTOR, STUDENT AFFAIRS Follow us on Twitter 38