University Business - October 2011 - (Page 55)

5. Add it to the curriculum. Websites and on-campus activities are typically extensive enough for the average student, but for those who are particularly interested, adding classes or majors into the curriculum could be helpful. Iowa State has even begun offering an undergraduate major called Family Finance, Housing, and Policy, after which graduates can pursue careers as financial counselors and planners, insurance agents, loan officers, mortgage originators, and in other related fields. “Students are required to go through a financial counseling skills course once they’ve had some basic personal finances,” says Nation, pointing out that students outside the major have shown interest in that course, as well. It helps that the university’s administration has made it a core mission to increase financial literacy and awareness across campus. Two years ago, a one-credit financial literacy course for incoming freshman was added to the curriculum. Nation says this is meant to be a transitional course and that it has had “really great enrollment over the past couple years.” With these tips in mind, there’s no better time than the present to start educating your students about their finances and develop a financial literacy program—or improve an existing program. “I think if you look at our overall economy right now, it’s a good picture as to why everyone needs to learn how to manage their finances,” says Nation. “And if they haven’t learned that in their home, the next best place is in school.” Get Paid to Pay Your Bills! Tuition and public funding don’t have to be your only revenue streams. Is your school’s A/P department hiding working capital and revenue opportunities? If so, consider Wright Express’s AP Direct Program. We deliver bottom line profits and overall efficiency to traditional payment processing. Benefits include: • Improve working capital and days paid outstanding • Earn revenue share — think cash back — on payments processed • No-cost, straight-forward integration with your existing ERP system Contact us today to learn how easy it is to integrate AP Direct into your current ERP system. 1-877-865-4244 www.wrightexpress.com/education Resources Creighton University Financial Literacy Website, www.creighton.edu/financialaid (click on Financial Literacy) WEXMC-020 Ad.indd 1 Timely, Targeted and Totally Yours for 7/8/11 4:24 PM Iowa State University Financial Counseling Clinic, www.hdfs.iastate.edu/financial National Endowment for Financial Education, www.nefe.org Project on Student Debt, http://projectonstudentdebt.org Sallie Mae, www.salliemae.com Free Get your subscription for University Business Digital Edition. www.UniversityBusiness.com/DigitalMag October 2011 | 55 UB Digital Edition 6th horiz.indd 1 12/3/08 3:12:51 PM universitybusiness.com http://www.wrightexpress.com/education http://www.wrightexpress.com/education http://www.creighton.edu/financialaid http://www.hdfs.iastate.edu/financial http://www.nefe.org http://www.projectonstudentdebt.org http://www.salliemae.com http://www.UniversityBusiness.com/DigitalMag http://www.universitybusiness.com

Table of Contents for the Digital Edition of University Business - October 2011

University Business - October 2011
Contents
Editor's Note
College Index
Ad Index
Behind the News
Sense of Place
Viewpoint
Human Resources
Cloud Email
Tuition Setting
Campus CFO
Independent Outlook
End Note

University Business - October 2011