Financial Literacy Services Edgewood College Madison, Wisconsin
Financial Literacy Services at Edgewood College 1. Increase students’ understanding of the importance of financial education & knowledge 2. Increase understanding of specific financial issues 3. Increase understanding of how to manage a budget 4. Raise awareness of on- and off-campus resources
Program Focus Budgeting Credit Saving and Investing Banking Minimizing Student Loan Debt Insurance and Risk Management Critical Consumerism Economic Justice
History Year One, program on budgeting and minimizing student loan debt for all new freshmen 2 Money Smart Week Events Year Four, programs per year Average of 9 one-on-one meetings per month Over 1300 contacts per year
Audience Edgewood College Undergraduates Faculty and Staff Community Groups
Outreach Programming One-on-One Meetings Print Material Online Material
Staffing Financial Literacy Services Director Peer Educator Staff Lead Peer Educator Assessment and Data Specialist Graphic Designer and Publicist General Peer Educator Various Community Partners Various Campus Partners
Funding and Resources Funding Grants Resources Campus Partnerships Campus Experts Clubs and Organizations Community Partnerships Experts from local Financial Institutions and Organizations Alumni
Grant Process: Phase 1 Determine Needs Search for Grant Opportunities Seek support from campus partners Write Grant Submit Grant Follow Up
Grant Components Introduction: Project Description and Goals Documentation of Need Detailed Program Review and Objectives Target Population and Numbers Served Intended Outcomes and Evaluation Develop/increase students’ understanding of specific financial issues Improved student responses on post-tests compared to pre-tests
Grant Components Proposed Budget Salaries Coordinators Instructors Peer Educators Materials Professional Development Organizational Capacity
Grant Process: Phase 2 Plan for the next grant Begin collecting supporting data Follow all grant requirements Submit a final grant report Project Description Goals, Outcomes and Evaluation/Assessment Notable Advancements Resource Allocation Summary/Reflection
Key Partnerships Financial Aid Office Aid experts Referrals Co-programming Alumni & Advancement Resources Connection to area experts
Key Partnerships Residence Life Resident Assistant Programming Requirement Training Peer Educator Career Services Career Week Overlapping themes Health Services and Personal Counseling Wellness Programming
Key Partnerships Economics Department Personal Finance Course Offering Campus Experts NIFEL Human Issues Department COR Course Integration Campus Experts: Socioeconomic Issues/Justice Business and Math Departments Promotion partners
Key Partnerships Center for Diversity & Inclusion Programming space Strong partners Learning Support Services Math Lab Bridge Program
Key Partnerships Student Organizations Black Student Union Circle K Veteran's Club Club Treasurers Commuter Student Association Student Government
Community Partnerships Credit Unions UW Credit Union, Summit Credit Union Banks near campus Associated Bank, Wells Fargo Commonwealth Development Tennant Resource Center UW Extension Alumni
Peer Educator Role Connection between students and program coordinator Needs Programming ideas Administrative tasks Assessment Handouts Advertising and Marketing Program Development
Peer Educator Benefits Paid Position Professional Development/Resume Builder Financial Education Rewarding/Fun Networking On campus Within community
Keys to a Good Program Student Involvement Partnerships Content that connects with intended audience Marketing Incentives Prizes Food Make it fun!
Budgeting
Buddy the Elf’s Budgeting Workshop Sponsored By: Residence Life and Financial Literacy Services
Credit
Contracts and Consumerism
Partnership Programs
Community Outreach Boys and Girls Club Various Summer Camps Commonwealth Development Area High Schools