$uccessful Start

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uccessful Start

• MASFAA Conference
• November 20, 2008
• Hyannis, MA

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I subscribe to the following
theory

• Dont reinvent the wheel,
• when you can steal the whole car!

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Johns Top Ten Reasons toOffer Financial
Literacy Workshops
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• 10) Low credit scores result in higher
  interest rates on future mortgages, loans or
  credit cards and possible loan denial.
• 9) Indebted adults between the ages of 18 and
  24 spend almost 30 cents of every dollar earned
  to REPAY DEBT.
• 8) Nearly 3 out of 4 college students believe
  it is acceptable to use credit cards for living
  expenses.
• 7) Over 60 of first year college students
  max out their first credit card within one year.
• 6) Over 25 of college students pay late fees.

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• 5) High levels of credit card debt have been
  linked to psychological problems.
• 4) Rates of financial stress are significantly
  higher for minority and first generation college
  students.
• 3) Nearly 60 of 1st year college students
  report that Financial Problems interfere with
  their schoolwork.
• 2) The average student loan debt surpasses
  20,000 and over 88,000 for Law Students.
• 1) Over 33 of college students graduate with
  10,000 or more in credit card debt over and
  above student loans.

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The Start to our Success

• Brainstorm
• Survey Student Body
• Early promotion of presentations to students
• Support from Administration
• Session topics
• Presenters
• External Partners (Vendors)
• Faculty and Staff

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Topics for Sessions

• Budgeting
• Credit
• Credit Cards
• Debt Management
• Student Loan Consolidation
• Loan Management
• Personal Finance
• Investments
• Career Counseling
• Job Interviews

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Campus Involvement

• Student Organizations
• Athletics
• Residential Assistants
• Deans Department Heads
• Student Development Dept.
• Freshmen Orientation
• Staff

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Campus Communication

• Public awareness by publishing an article in
  campus newspaper read by Faculty and Staff.
• Encourage the Student Newspaper staff to write an
  article about the uccessful Start Program.

Post Billboards around campus for additional
student exposure
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Worried About Debt After College?Are You
Confused About Your Financial Future? Are You
Looking For Some Guidance?
uccessful Start
BCs Financial Literacy Program Sponsored by the
Office of Student Services will be hosting
Building your Financial Future Tuesday,
November 144 p.m. 6 p.m. in Walsh Function
Room Join us for Food, Fun, and Prizes! The
workshop is limited to 50 peopleR.S.V.P. to
successfulstart_at_bc.edu
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Logistics

• Obtaining Classroom Space
• Audio/Video Equipment
• Pizza/Refreshments
• Handouts
• Evaluations
• Give-a-ways
• Classroom Aides

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Library

• Create a well rounded source of information for
  your students.
• A library with periodicals, magazines, relevant
  books on financial matters.
• Have it located in Reference Section of your main
  Library.

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TRIO PROGRAMS

• If your college or university has a TRIO program,
  effective August 2008, the New Higher Education
  Act requires by law that you must offer your TRIO
  students a Financial Counseling Program.

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Educational Institutions Currently Providing
Financial Literacy Program
Boston College California State Univ.
Plymouth State Univ. Iowa State Univ.
Suffolk Un Law School Bowling Green State Univ.
Texas Tech Univ. The Ohio State Univ.
Univ. of Alabama Univ. of Georgia
Univ. of Minnesota Univ. of North Texas
Univ. of Pittsburgh Univ. of Virginia
Univ. of Washington Georgetown Univ. Law
New York Law School Virginia Tech
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Valuable Web Sites

• www.fdic.gov/consumers/consumer/moneysmart/index.h
  tml
• www.bc.edu/successfulstart
• www.mastercard.com/us/personal/en/learningcenter/i
  ndex.html
• www.cashcourse.org
• www.jumpstart.org
• www.studentdebthelp.org
• www.creditcardnation.com
• www.truthaboutcredit.org
• www.temple.edu/sfs/budgeting.htm

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Additional Web Sites

• www.hughchou.org/calc/coffee.cgi
• www.decisionpartners.org
• www.nefe.org
• www.choosetosave.org
• www.ibrinfo.org/about.vp.html
• www.mappingyourfuture.org/money
• www.wsj.com/financialplanning
• www.bankrate.com
• www.annualcreditreport.com
• www.practicalmoneyskills.com

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The Money Conference for Women

• Massachusetts State Treasurer, Tim Cahill
  sponsors a program each year geared to women
  covering a myriad of financial information.
• www.themoneyconference.com

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External Sources for Packaged Financial Literacy
Programs

• www.decisionpartners.org
• www.fdic.gov/consumers/consumer/moneysmart/index.h
  tml

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PowerPoint Presentations to consider

• North Texas State, a forerunner in promoting
  financial literacy on campus.
• The NASFA July 2008 Conference by the National
  Endowment for Financial Education another good
  presentation.
• Ed Fund has an great PowerPoint Presentation Go
  to their web site at www.edfund/BuildingFutures
• Click away to some great informational screens.

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PowerPoint Presentations

• For an electronic copy of any of these
  presentations email
• brownjo_at_bc.edu

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Boston College Web Site

• The web site for our financial literacy program
  is located at
• www.bc.edu/successfulstart

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A penny in time saves nine or dont spend more
than you can chew!

• Thank you for attending and
• helping secure the financial
• stability of our students.
• John G. Brown
• Boston College
• Student Services Lyons Hall Rm 111
• Chestnut Hill, MA 02467
• Tel [phone]
• Email brownjo_at_bc.edu