1. NAVIGATING THROUGH LIFE’S FINANCIAL OBSTACLES
CENTRAL PIEDMONT COMMUNITY COLLEGE:
KEYS TO FINANCIAL SUCCESS

2. Learning Objectives INTRODUCTION OF SINGLE STOP: Mark Helms
A DAY IN THE LIFE OF A STUDENT
SINGLE STOP AND THE APPROACH TO FINANCIAL LITERACY
SINGLE STOP’S FINANCIAL EDUCATION METHODS OF DELIVERY
IMPORTANCE OF FINANCIAL EDUCATION FOR COLLEGE STUDENTS

3. A Day in the Life of a Student
THE NEED FOR FINANCIAL LITERACY AMONG COLLEGE STUDENTS
MAKING CHOICES EXCERCISE
DISCUSSION: WHAT DID YOU LEARN?

4. The Need for Financial Literacy among college Students
Statistics show the earlier students learn about debt, savings, and credit, the less likely they are to struggle with debt in the future (The Huffington Post).
“Research indicates that financial capability and positive academic outcomes are often correlated” (Financial Education Commission, 2015).
“Large amounts debt accumulated in college is strongly associated with academic failure” (Financial Education Commission, 2015).
“Higher rates of financial literacy can lower college dropout rates ” (Financial Education Commission, 2015).
“Improving the financial capability of students while they are enrolled helps students achieve success both during and after graduation” (Financial Education Commission, 2015).
The Need for Financial Literacy among college Students

5. SURVIVAL GAME: MAKING CRITICAL CHOICES
From day to day our students have to make critical choices on how to spend their money on their daily necessities like food, medication, insurance and transportation.
This exercise will help us to better understand the challenges our students face.
SURVIVAL GAME: MAKING CRITICAL CHOICES

6. DISCUSSION TIME
What Did You Learn?

7. Our Approach to Financial Literacy
OUR PURPOSE
PRIMARY AREA OF NEED
HOW WE PROMOTE STUDENT ENGAGEMENT

8. Our Purpose Here at Single Stop
To educate students on the importance of money management.
Help facilitate the processes of managing money by providing alternative resources and methods of spending.
To assist students in developing a level of autonomy and financial independence.
Our Purpose Here at Single Stop

9. Primary Area of Need @ Single Stop
The primary areas of need for students are:
Understanding how to budget on limited resources
Understanding the importance of credit
How to establish
How to manage
How to repair
How to pay for college
Searching for scholarships
Understanding financial aid
Saving for a rainy day
Primary Area of Single Stop

10. How we Promote Student Engagement
It is very important to us that students recognize the importance of money management.
We incorporate a collaborative effort in getting student engaged through:
Student’s personal initiative
Developing an internal referral system
Building cross-campus relationships
Require those who come in with critical needs receive financial counseling before receiving certain services.
Printed material
How we Promote Student Engagement

11. SINGLE STOP: METHODS OF DELIVERY

12. Personal Financial Counseling Service
This provides students with a one on one coaching sessions that gives personal attention to specific needs such as:
Managing Finances
Creating a Budget
Paying for College
Understanding Credit
Saving and Investing
Debt management
Protecting Identity
Banking
Personal Financial Counseling Service

13. VIRTUAL ONE ON ONE SESSIONS
Central Piedmont Community College consists of 6 area campuses.
A student population of approximately 61, 400.
Our goal is to give each and every student access to personal financial counseling.
Through the innovation of technology we are able to offer virtual appointments for students on our area campuses.
VIRTUAL ONE ON ONE SESSIONS

14. Online Financial Education Curriculum
Single Stop Offers
Online course modules where students can learn at their own pace from our website or added to a faculty member’s Blackboard shell.
Online Financial Education Curriculum

15. Financial Education Resources
Cashcourse.com
From our Single Stop website students can access resources from various other websites to further educate them on topics such as paying for college, budgeting, credit, investing and a lot more.
Financial Education Resources
iGrad.com
CheapScholar.org
Acorns.com
Myfico.com

16. Financial Education Workshops and Organizations
Workshops on various topics through:
Single Stop
Lunch and Learns various campuses
Guest Lecturer
Investment Club
Financial Education Workshops and Organizations

17. IMPORTANCE OF FINANCIAL EDUCATION FOR COLLEGE STUDENTS
FINANCIAL STABILITY
LEARN TO CREATE WEALTH

18. Developing an understanding of money management in the early stages of life, provides a more stable foundation for the future.
Studies show that students who are required to take financial literacy classes are more likely to be more financially responsible than those who did not (US Today.com, 2014).
Financial literacy creates life skill such as:
Setting goals
Establish a Savings
Purchasing a home
Investing
Retirement
Financial Stability

19. Students who learn and establish an understanding for how to manage money, are also more likely to:
Create strategies to establish wealth and build assets
Understand how to choose the right products and services to meet long term and short term goals.
Gain the ability to use decision-making processes in making financial decisions related to planning, saving, and investing.
Creating a legacy
Learn to Create Wealth

20. Questions

21. References
Atkinson, J. S. (2012, October 16). Financial literacy lessons benefit students and state | the huffington post [Web log post]. Retrieved from
The U.S. Financial Literacy and Education Commission. (2015). Opportunities to improve the financial capability and financial well-being of postsecondary students. Retrieved from US Department of Treasury website:

22. References Image References Images: Budget
Lafe Preparatory school
Office of Inspector General Chicago Il
College
Chameleon John
CFXQ
Higher Edge
Credit:
Bank of America
Finance:
North House Financial Literacy
BAC
Cassidy and Co. Inc.
Financial literacy education:
Idaho Financial Literacy Coalition
Together.com
Goals:
Bret L. Simmons Ph.D.
16 personalities
UK Green Building Council
Virtual visits
I-riseup