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

2. Let’s Wake Up -Who Needs a College Education? -Who’s Getting One? -What can We do to Help the Rest?

3. The $ Value of an Education

4. How’s it Going? Nationally: Around 28% of Freshmen quit. In 2012, 5 year Graduation rate barely more than 50% (ACT) Texas: In 2010, 4 year graduation rate was 24.4%, 6 year rate was 49%. (Chronicle of Higher Education)

5. The Result for Dropouts Nearly 1/2 of students who take out college loans never reach graduation, leaving them with a heavy debt burden but no credential to help them earn a higher salary to pay it off. This problem is worse for those who are already the worst-off in society. (Dr. William Vanderburgh, Wichita State University)

6. Why all the Dropouts? 2010 ACT Study* surveying chief academic officers Top Two Reasons #1 Lack of academic preparedness #2 Inadequate personal financial resources *What Works in Student Retention? Fourth National Survey Public Four-Year Colleges and Universities Report

7. Personal Financial Resources? Knowledge of how to Access Financial Aid, Scholarships, Grants, Increase Income? A Way to Match Financial Resources to Academic Plan? Ability to Manage Personal Finances? What else?

9. Is this Part of What you Do? Help Students: Stay on Track with College Financial Plan Take Steps Toward Financial Independence Can you Reach Everyone you Need to Reach?

13. Any

14. Monthly Payment for 10 Years$233.34$310.72$373.92$517.86 Minimum Salary Needed$28,000$37,386$44,870$62,143 Loan limits taken from charts on the Federal Student Aid website. Minimum salary needed is based on the payment taking no more than 10% of gross salary – www.finaid.orgwww.finaid.org

15. Federal Work Study Financial Goals Importance of Accounts at a Financial Institution Measuring and Tracking Income and Expense Getting More for Your Money Loans, Debt Credit Reports and Scores Identity Theft Part 2: Steps toward Financial Independence for the College Student

16. Federal Work Study Interest Rate/Fee Comparison

17. Teaching Resources Lesson Plans Assign Modules Track Student Progress Quiz Questions Available via Email

20. Classroom Activity Demo What Events make Your Credit Score Change? Volunteers?

21. We’re Having a Conference Monday October 14 th Doubletree, Overland Park, Kansas (KC Area)

22. MyCollegeMoneyPlan.org Tim Hagan, tim.hagan@wichita.edu, 316-978-3211tim.hagan@wichita.edu Gretchen Holthaus, gretchen.holthaus@wichita.edu, 316-978-3254gretchen.holthaus@wichita.edu Office for Faculty Development and Student Success