1. Program Design & Development A Strategy of Collaboration & Partnerships Financial Literacy Rizk & Reiter

2. MoneyCounts: A Financial Literacy Series Creating and developing financial literacy programs on a university campus does not have to be restrained by a budget allocation or one specific department. It can be efficiently accomplished by tapping into enthusiastic advocates of financial literacy within the institution to achieve success through collaboration and partnerships. With advocates emerging from new and unlikely places on campus, The Pennsylvania State University was able to create and deliver financial literacy programs to provide students the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial wellbeing. This workshop is dedicated to designing and developing financial literacy programs using a strategy of collaboration and partnerships Description

3. MoneyCounts: A Financial Literacy Series Where do you start? What resources do you need? How do you determine program scope? What elements should be included in a program? What factors, internal and external, should affect program design? Specific Questions

4. MoneyCounts: A Financial Literacy Series Start financial literacy programs using a strategy of collaboration and partnerships in a university environment Develop financial literacy curriculum Engage various departments in the process Penn State experience with financial literacy –MoneyCounts: A Financial Literacy Series –Student Financial Education Center Objectives

5. MoneyCounts: A Financial Literacy Series At the beginning –Our story….. Where do you start?

6. MoneyCounts: A Financial Literacy Series Penn State –Founded in 1855 – Main Campus, University Park, PA –Twenty-four campuses – PA –17,000 faculty and staff –100,000 students –A teaching hospital that provides care to more than a million patients a year –Over one-half million active alumni (600,000) –Library ranked 9 th among North American Research Libraries –An online World Campus – Outreach and Online Education The Pennsylvania State University

7. MoneyCounts: A Financial Literacy Series Daad A. Rizk, Ed.D. Financial Literacy Coordinator The Pennsylvania State University Outreach and Online Education 128H Outreach Building University Park, PA 16802 1(814)863-0214 dar39@psu.edu dar39@psu.edu AIM - dar39rizk Introductions

8. MoneyCounts: A Financial Literacy Series Lauren Reiter, MLIS Business & Economics Librarian The Pennsylvania State University University Libraries 309 Paterno Library 1(814)865-4414 lmr29@psu.edu Introductions

9. MoneyCounts: A Financial Literacy Series Pre-requisites to design –Assess current financial literacy efforts on campus –Identify major players – stakeholders –Create a body of advocates - equitable representation Advisory Board Committee Task force –Assess opportunities for collaboration and partnership Recruitment & Admission Student Financial Aid Bursar’s Registrar’s Faculty, Staff, Students’ organizations, Colleges, Departments, Libraries, etc., Pre-requisites to Design

10. MoneyCounts: A Financial Literacy Series Advisory Board - Representation from: –Commission for Adult Learners –University Libraries –Office of Student Aid Staff –Executive Director for Student Aid –Community (Penn State Federal Credit Union) –Faculty Member –Undergraduate and Graduate Students University Park Undergraduate Association Member Student Trustee –Marketing Staff –Assistant Vice President Undergraduate Education –Student Affairs Penn State Choice

11. MoneyCounts: A Financial Literacy Series Identify financial literacy needs –Set goals –Make a Plan Ask the $million dollars question: –What is the most important outcome you desire to accomplish Fulfill the need in financial literacy deficiency in general Reduce student borrowing Reduce loan default rate Meet a requirement Join the herd Pre-requisites to Development

12. MoneyCounts: A Financial Literacy Series Curriculum Location for delivery Marketing Audience What Resources Do You Need?

13. MoneyCounts: A Financial Literacy Series Pick a list of topics based on your goals –Budgeting, debt management, student loans, credits, identity theft, mortgages, cleaning financial clutter, financial literacy for women, wages and tax fundamentals Overview – what is financial literacy? –Penn State = Cover students’ needs Budgeting, credit & debt management, student loans –Search Financial Literacy Resources and create an online guide for students (Library Page) Curriculum

14. MoneyCounts: A Financial Literacy Series Audience –Traditional undergraduate students –Non-traditional undergraduate students – Adults –Graduate students –Online students –Students in other locations – campuses –Staff and Faculty –Community Determining Scope

15. MoneyCounts: A Financial Literacy Series Workshops –in person, remote, recorded and archived Webinars –online students, flexible, comfort Freshmen Seminars –academic and practical Presentations –promote awareness, support Conferences –enhance and improve knowledge Peer-to-peer programs –student volunteers, trust, trend, Penn State = All methods to provide good coverage Delivery Method

16. MoneyCounts: A Financial Literacy Series Adopt a Strategy –Collaboration & Partnership Develop an action plan Who, why, when, where, what, how Penn State = Strategy of Collaboration Penn State = Strategy of Partnership

17. MoneyCounts: A Financial Literacy Series Criteria of a Good Strategy Give overall direction Fit resources and opportunities Minimize resistance and barriers Reach those affected – at risk population Advance the mission

18. MoneyCounts: A Financial Literacy Series MoneyCounts: A Financial Literacy Series (Collaboration) –Workshops, Webinars, presentations –Outreach and Online Education/University Libraries (workshops) –Outreach and Online Education/World Campus Student Financial Education Center (Partnership) –Peer-to-peer educational program –University Libraries/University Park Undergraduate Association Programs

19. MoneyCounts: A Financial Literacy Series Plan a yearly schedule Deliver a monthly workshop Implementation DateYear 2015Submit MaterialsWorkshop TimeLocation January2112/12Wage and Tax Fundamentals5:30-6:30PMFoster Auditorium February181/9 FAFSA & Scholarships 5:30-6:30PMFoster Auditorium March41/23Spring Clean Financial Clutter5:30-6:30PMFoster Auditorium April223/13What is Financial Literacy?5:30-6:30PMFoster Auditorium May274/17Student Loan Repayment Strategies5:30-6:30PMFoster Auditorium June245/8Debt Management5:30-6:30PMFoster Auditorium July156/5Budgeting Fundamentals5:30-6:30PMFoster Auditorium August57/3Credit Cards5:30-6:30PMFoster Auditorium September168/7 Getting Student Loans 5:30-6:30PMFoster Auditorium October78/28 Financial Literacy for Women 5:30-6:30PMFoster Auditorium November1110/2Mortgages: Financial Process of Owning a Home5:30-6:30PMFoster Auditorium December210/23Identity Theft5:30-6:30PMFoster Auditorium

20. MoneyCounts: A Financial Literacy Series Collaborative Effort

21. MoneyCounts: A Financial Literacy Series Reserve auditorium Communicate with Marketing Arrange for recording and archiving Write and place an announcement – Penn State News Develop poster Send out email invitations Deliver the workshop - jointly Behind the Scenes

22. MoneyCounts: A Financial Literacy Series Strategy = Partnership Action Plan –Recruit and interview students’ volunteers –Train students –Test students –Supervise students –Advise students Assess Repeat Student Financial Education Center

23. MoneyCounts: A Financial Literacy Series The Student Financial Education Center (SFEC) offers in-person financial education, from one student to another Peer-to-Peer Financial Education Walk in or make an appointment to talk with a Peer Educatormake an appointment Check Website for Walk-in Hours Location: 309 Paterno Library, in Schreyer Business Library Contact us at sfec@psu.edusfec@psu.edu SFEC

24. MoneyCounts: A Financial Literacy Series Measurement –Attendance –Evaluation surveys –Follow up Assessment –Are you reaching your goals? Refine & repeat Outcome and Assessment

25. MoneyCounts: A Financial Literacy Series http://live.libraries.psu.edu/Mediasite/Catalog/Full/8376d4b24dd1457ea3bfe4cf9163fe da21/http://live.libraries.psu.edu/Mediasite/Catalog/Full/8376d4b24dd1457ea3bfe4cf9163fe da21/ http://www.libraries.psu.edu/psul/researchguides/business/financialliteracy.html#mon eycountshttp://www.libraries.psu.edu/psul/researchguides/business/financialliteracy.html#mon eycounts http://www.libraries.psu.edu/psul/business/sfec.html http://www.hhd.psu.edu/studentservices/exit.html http://www.hhd.psu.edu/hdfs/financial-aid/help-debt-and-personal-finances https://www.youtube.com/results?search_query=daad+rizk+financial+literacy http://radio.wpsu.org/post/penn-state-center-teaches-students-how-handle-their-loans http://www.psuvita.org/ http://cal.psu.edu/ Note: Follow the “MoneyCounts: A Financial Literacy Series” tab to get to the recorded materials on the Mediasite first link above. Available Resources

26. Program Design & Development Strategy of Collaboration & Partnerships Thank You! Comments and Questions Rizk & Reiter