Mobile, Alabama: Spring Hill College with help from CashCourse, an online resource from the National Endowment for Financial Education (NEFE), is taking a proactive approach to improving its students’ financial well-being. SHC recently joined the more than 550 colleges and universities across the U.S. that are using CashCourse, a free, unbiased and noncommercial financial education solution for students and recent graduates.
Living away from the guidance of their parents during college is often a time when many students make unwise financial decisions due to lack of knowledge. Students are confronted with easy access to credit cards, and spending decisions that go far beyond tuition, housing and food, including items such as spring break travel, fraternities and sororities, and the temptations of alcohol and gambling.
Students need financial tools for their transition to adulthood, including saving, investing, filing taxes, paying off student loans and evaluating the financial aspects of job offers. Increasing concern over these issues has led to the joint effort between NEFE and higher education institutions to fill the gaps in financial knowledge that many college students have.
CashCourse features unbiased content with no advertising and no connections to commercial entities. The information is written in a way college students can understand and appreciate, because NEFE received input directly from college students to determine what information they would find useful. In addition to articles, the online resource features:
• Worksheets, calculators and quizzes for students to use in the classroom or at home
• A “Budget Wizard” tool to help students manage their spending
• An online dictionary of financial terms to help students understand the basics
• A credit module to educate students on the importance of managing credit cards and protecting their credit
“CashCourse is available to all employees, departments, students and recent graduates 24/7,” says Amy Hartenstine, director of CashCourse. “Based on our research, there are no other free, unaffiliated sites as comprehensive and widely available as ours.”
For more information on the CashCourse program, visit www.cashcourse.org. NEFE is an independent nonprofit organization committed to inspiring empowered financial decision making for individuals and families through every stage of life. To learn more about NEFE, visit www.nefe.org.