The Trouble With Students And  Money

Financial trouble is a leading cause of dropouts among students, trumping academic struggles. Even if they excel academically, some students are leaving school from the pressure of increasing debt.

Studies show that only 2/3 of students will actually graduate1. Of the students that persevere and graduate with a bachelor’s degree, 70% will leave school with debt.2

Financial mismanagement and rising costs are making it difficult for students to afford college expenses. In fact, many schools cite financial reasons as the number one cause of student dropouts.

Help your current students concentrate on learning instead of worrying about their finances by making financial education a part of your school’s retention program. Students will learn how to manage credit, reduce debt, create a budget, and prepare for the next phase of their lives.

1 = “College Dropout Statistics”.  College Atlas. 2015. Web. 16 December 2016
2=  Berman, Jillian. “America’s growing student-loan-debt crisis”.  Market Watch. 2016. Web. 16 December 2016.

According to The U.S. Financial Literacy and Education Commission publication of 2015, “Opportunities to Improve the Financial Capability and Financial Well-being of Postsecondary Students”,

College is often the first time that young people make financial decisions on their own, including those about housing, discretionary spending, banking, and the use of consumer credit. These decisions and the habits that are developed not only affect students while in college, but have implications for their ability to repay student loans and begin building assets once they leave college.

While in college, students should develop sound financial practices that will set them up for effective personal financial management when they leave college. Institutions of higher education can encourage this development by offering financial education and counseling resources, especially education that focuses on such relevant topics as budgeting and managing student debt.”

Opportunities To Improve The Financial Capability And Financial Well-Being Of Postsecondary Students“. The U.S. Financial Literacy and Education Commission. 2015. Web. 10 August 2016

 

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The decisions students make in college affect their financial situation even after they leave school. With financial reasons topping the list of why students drop out, students are struggling with their finances and colleges are struggling to keep them in school.


Keep students focused on their education by teaching them to take charge of their finances through interactive, online financial education lessons.

 

Your Opportunity

Strengthen Your University’s Commitment to Excellence!

In addition to helping students and faculty, you can employ EDSA’s programs to deliver financial education to local businesses.

Enhance Your
Student Success
Program!

Help your current students concentrate on learning instead of worrying about their finances by making financial education a part of your school’s retention program. Students will learn how to manage credit, reduce debt, create a budget, and prepare for the next phase of their lives.

Expand Your University's Community Outreach!

Become a resource for local businesses by providing financial educational services. The university can offer the education, generating revenue for the school and bringing value-added service to the community. Empowering people with financial knowledge opens up fund-raising opportunities and helps your school show how much it cares.

Enrich Your University's Current CFP® Curriculum!

Supplement your school’s financial curriculum with EDSA’s programs. Implementing our workshops or online tool into the CFP curriculum will teach students how to communicate complicated financial subjects to their future clients. Students will also learn more about the structure and subject matter of a comprehensive financial plan.

 

Programs for your University

Whether providing vital money management lessons to students or enhancing your school’s
community outreach through adult education offerings, EDSA offers programs to suit your needs.

Online
Programs

Good Money Habits™ and Good Money Habits for Students™ combine EDSA’s proven curricula with the accessibility of the Internet. Our e-tools contain interactive lessons, reading and audio materials. Additionally, users are able to tailor their experience through selection of topics, definitions, and points of interest.

Live/Web
Workshops

The EDSA Group® offers a series of comprehensive and interactive financial education workshops. Programs include educational instruction, class exercises, and homework that help participants learn and follow principles of money management in order to pursue personal goals.

Communication Strategies

EDSA can provide communication materials to promote helpful money tips and drive students to take advantage of the financial education offerings. We feel that each interaction is an opportunity to provide useful, actionable money tips to engage the audience.

Learn More

Want to learn more? Give us a call at (888) 760-3372, join us for a free webinar on our next available date, or contact us by email. We look forward to hearing from you!