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Posted: 
Tuesday, March 20, 2012 - 2:26pm

JCC, 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.

More than 550 colleges and universities across the U.S. are using CashCourse, a free, unbiased, and noncommercial financial education solution for students and recent graduates.

“April is Financial Literacy Month, a perfect time to encourage students to think about things like saving, investing, budgeting, paying off student loans, and evaluating job offers,” notes Rachel Phillips, JCC's senior financial aid assistant. “While students are likely thinking about spring break, it could pay big dividends if they used some of their extra time to check out CashCourse.”

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, Mrs. Phillips added. 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.

In addition to other stressors, most college students are faced with important financial decisions, Mrs. Phillips said.  They may be away from their parents for the first time with easy access to credit cards, and might not have the experience or financial education to help them make wise financial choices.  Finding the money for tuition, housing, and food may be the big concern for parents and students, but they might not consider how expensive some of the little decisions can be. 

“Things like that daily latte or the bargain-priced sweater can end up costing students more than they realize if they use credit cards or student loans for nonessentials,” Mrs. Phillips said, noting that unwise choices and poor money habits can impact students for years. “Even non-traditional age students may find themselves with decisions they are not prepared to make.”
 

“CashCourse offers a reliable resource to help young adults develop financial know-how,” says Ted Beck, president and CEO of NEFE. “Through attention to the needs of today's college students, this program will help young adults gain the financial savvy they need to succeed in life at college and beyond.”

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.
  • Many resources for college and university professionals to promote and use CashCourse with their students.

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.

 

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