DEFAULT AVERSION INITIATIVES Part 1 Peer Financial Counseling Program

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DEFAULT AVERSION INITIATIVES - Part 1Peer
Financial Counseling Program

• Beth Keifer
• Post-secondary Education Assistance Corporation
• Amy Pilcher
• National Endowment for Financial Education High
  School Financial Planning Program
• Manju Tanwar
• University of Georgia
• Student Coordinator for Peer Financial Counseling
  Program

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Idea for PFC

• Need for financial education on college campuses
• University wide exposure for FACS and HACE
• Utilize Cooperative Extension resources
• Great experience for undergraduates peer-to-peer

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PFC Mission

• To educate college students about the basics of
  personal finance.
• PFC accomplishes its mission by using volunteers
  from the university to disseminate timely and
  important information about personal finance
  education.
• Goal To reduce student loan default rates and
  raise student awareness of personal finance.

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Program Start Up

• MIOCB on Coopexs Web site (publication, lesson
  guide, ppt)
• GSFC brought dollars and expansion

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Cooperative Effort

• FACS Cooperative Extension
• HACE
• GSFC
• OSFA
• Equifax
• CCCS

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Student Committee Members

• Program Development and Implementation by
• HACE
• Marketing
• Research / Evaluation

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Lesson Development

• MIOCB Cooperative Extension
• Savings Investing Coopex
• Credit Debt Equifax
• Financial Aid OSFA

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Lesson Contents

• Publication
• Power Point presentation
• Lesson Guide
• Handouts
• Case Studies
• Evaluation

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STRENGTHS OF THE PROGRAM

• Strong grass roots base
• Lots of enthusiasm from the student volunteers
• Strong knowledge about the topics
• Easy to related to the intended audience

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WEAKNESSES OF THE PROGRAM

• Poor communication with/between leaders
• No clear timeline
• Difficult to keep the momentum going
• high turnover from semester to semester
• other commitments

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WHAT WOULD DO DIFFERENTLY

• Outline time frame and expectations from the
  start
• Know the budget from the start

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WHAT NOW

• Training manual with graphic design people
• Website being reviewed
• Brochures printed
• Training later this semester
• Statewide launch Fall 2001

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SUGGESTIONS FOR FUTURE PROGRAMS

• Find a department at university that teaches
  financial management
• Utilize cooperative extension resources
• Customize statistics to your state or university

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SUGGESTIONS CONTINUED

• Find advisor that has time as well as interest in
  the program
• If have more than one advisor have clear
  definitions for what each is responsible for
• Utilized other groups interested in students and
  debt management

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Who wants to be a Southern-aire?
Question 2
In Gainesville, Georgia it is illegal to eat this
food with a fork.
A
C
Peaches
Road Kill
D
B
Chicken
Turkey