FINANCIAL LITERACY AT MONROE COLLEGE PRESENTED BY: Clemente LaPietra Director-Office of Loan...

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FINANCIAL LITERACY AT MONROE COLLEGE

PRESENTED BY:

Clemente LaPietraDirector-Office of Loan ManagementMichael NiedzwieckiDirector of Admissions

FINANCIAL LITERACY AT MONROE COLLEGE

• Financial literacy at Monroe College – “DREAM”. Debt Reduction, Education, Assessment & Management Program

• Goals

• Produce graduates who demonstrate smart, savvy personal finance behaviors

• Encourage Prudent Borrowing

• Maximize Earning Potential

Financial Literacy Initiative

FINANCIAL LITERACY AT MONROE COLLEGE

Cross Departmental Initiative

• Academics

• Admissions

• Alumni Relations

• Office of Career Advancements

• Office of Loan Management

• Student Financial Services

• Student Services

FINANCIAL LITERACY AT MONROE COLLEGE

Why is Financial Literacy Important ?

• Retention

• Academic Performance

• Promotes a culture of financial wellness for students and

staff

• Reduction in average borrower indebtedness

• Employability/Soft Skills

• Cohort Default Rate

FINANCIAL LITERACY AT MONROE COLLEGE

• Who is the Audience?

• Everyone

• Who is the Target Audience?

• Current Students

• Alumni

FINANCIAL LITERACY AT MONROE COLLEGE

• Classroom channel

• Student-to-Student Channel

• Online Channel

How do we reach our Audience?

FINANCIAL LITERACY AT MONROE COLLEGE

Classroom Channel

• DR-091 Sessions

• My Money Management

Workshops

• Classroom Visits

How do we reach our Audience?

FINANCIAL LITERACY AT MONROE COLLEGE

Student to Student

• Panel Discussion

• Debate

• Jeopardy

How do we reach our Audience?

FINANCIAL LITERACY AT MONROE COLLEGE

Online Channel• Web Site Dedicated to

Financial Literacy information

• iGrad

• USA LifeSkills

How do we reach our Audience?

FINANCIAL LITERACY AT MONROE COLLEGE

2012 2011 20101.0

3.0

5.0

7.0

9.0

11.0

13.0

5.8%

10.5 % 10.7%

COHORT DEFAULT RATE HISTORY

YEAR

PE

RC

EN

TA

GE

OUTCOMES

Thank you for your time

• For questions, please contact:

•Clemente LaPietra•clapietra@monroecollege.edu

Or•Michael Niedzwiecki•mniedzwiecki@monroecollege.edu

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