According to a new national survey, 7 out of 10 college students feel stressed about their personal finances. And nearly 60 percent said they worry about having enough money to pay for school. Meanwhile, half of students are concerned about paying their monthly expenses. That’s why HOPE Inside financial coaches all over the United States are taking steps to improve financial literacy among students.
Financial Wellbeing Coach, LaSheryl Askew, had the pleasure of sharing financial resources and information with a group of college students in Memphis, Tennessee. Many of the students had already accrued significant student loan, personal loan, and credit card debt. They were desperately searching for a way to take their financial lives back. Coach Askew hosted a special Credit and Money Management Workshop for the students at Southwest Tennessee Community College, in collaboration with SunTrust Bank partners. The workshop empowered the students with credit and money management knowledge designed to help them gain control of their finances. The students were ecstatic to finally learn how to build and keep good credit. Many of them signed up for one-on-one credit counseling sessions with Coach Askew at HOPE Inside Memphis.
In Macon, Georgia, HOPE Inside Macon-Bibb County joined forces with Community in Schools to teach South West High School juniors and seniors the language of money. Community In Schools’ unique model positions site coordinators inside schools to assess student needs, and provide resources to help them succeed in the classroom and in life. HOPE Inside Macon-Bibb County Financial Wellbeing Coach, DaQuanis Harvey, provided lessons about credit and managing money. He was invited back to attend their Senior Night, and introduce the parents to Operation HOPE’s free financial empowerment programs. Coach Harvey will be visiting all the schools in Macon-Bibb County to teach principles of financial literacy, and help students and their parents become financially empowered.
In Atlanta, HOPE Inside financial wellbeing coaches were invited to attend The Steve and Majorie Harvey Foundation College Expo. At the event, Jewel Thompson and Ashley Manago were asked to share information on their upcoming financial empowerment workshops to parents of students who were eager to support the development of their children. Coach Thompson and Manago were happy to support such an important community effort.
Operation HOPE aims to empower today’s students with the tools to understand the language of money, cultivate a spirit of giving, and live a dignified life. Often times, college students don’t fully realize the impact of decisions to take on high-interest student loans or put tuition on a credit card—until the bill comes due after graduation. Faced with rapidly rising student debt and the worst job prospects in recent history, college students are in dire need of comprehensive financial literacy education.
Banking On Our Future College Edition app and Operation HOPE’s youth empowerment programs are focused on helping students make positive, informed choices regarding debt and spending—and thrive in a difficult economy.