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Financial Stress: The Overwhelming Impact on Students

Financial Stress: The Overwhelming Impact on Students. NMASFAA March 27, 2014. Speakers. Brenda McCafferty Strategic Business Director Inceptia. Mike Lubben Vice President of Business Development Inceptia. Dr. Anthony Marin Director of Student Affairs & Enrollment Mgmt.

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Financial Stress: The Overwhelming Impact on Students

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  1. Financial Stress: The Overwhelming Impact on Students NMASFAA March 27, 2014

  2. Speakers Brenda McCafferty Strategic Business Director Inceptia Mike Lubben Vice President of Business Development Inceptia Dr. Anthony Marin Director of Student Affairs & Enrollment Mgmt. New Mexico State University Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  3. Agenda Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  4. What is financial literacy? Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  5. Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  6. Skills and Abilities Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  7. Confidence Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  8. Perspective Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  9. Responsible Financial Decisions Skills/ Abilities Perspective Confidence/ Efficacy Knowledge Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  10. Why?

  11. Why? Cost of attendance is going up Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  12. Why? 19% of full-time students at public four-year colleges and universities attend institutions that increased their published prices by 12% or more. College Board Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  13. Why? • Cost of attendance is going up • Young adults desperately lack financial skills Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  14. Financial Aptitude Analysis Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  15. Why? • Cost of attendance is going up • Young adults desperately lack financial skills • Legislative environment Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  16. Why? • Cost of attendance is going up • Young adults desperately lack financial skills • Legislative environment • Stress and money Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  17. Inceptia Financial Stress Survey Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  18. Student Respondents by Rank Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  19. Student Respondents by Institution Type Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  20. Top Stressors Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  21. Top Stressors Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  22. “My mom was in an accident and my parents’ income took a big hit.”

  23. “Not being able to afford groceries has been a cause for concern that I find frequently distracts me while doing my school work.”

  24. “When all I can think about is money and how much I’m going to owe or how I can’t afford supplies, it’s hard to stay focused in school.”

  25. “My mother is disabled and my family is below the poverty line. It’s hard for me to be off at school, eating regular meals and attending classes because I get student loans, while my family is at home and most likely without groceries.”

  26. Impact of Financial Education Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  27. New Mexico State University • Red to Green Money Management Program • Title V Grant • Institutionalized • Inceptia • Wells Fargo Company • NMSU President’s Performance Fund Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  28. New Mexico State University • Staffing • Director, Student Affairs • Associate Director, Career Services • Peer Financial Literacy Coaches • Career Service Marketing Department • NMSU Financial Aid and Scholarship Office • Student Success Center, Associate Director • Student Success Center, Graduate Assistant • Private Industry Professionals • NMSU Faculty Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  29. New Mexico State University • Content • Student Financial Aid • Student Loans/Repayment • Identity Theft • Credit Score/Reporting • Credit Card Use • Budgeting • Financial Success Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  30. New Mexico State University • Hands on Banking and Financial Avenue • University 114 Money Matter$ • Wells Fargo Hands on Banking • Financial Avenue Modules • Financial Related Articles Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  31. New Mexico State University • Financial Success Workshops • UNIV Courses • University Courses Classroom Presentations • General Student Population • Federal, State, University Programs • Individual Financial Success Sessions • Peer Lead Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  32. New Mexico State University • Financial Success Fair • Banks • Consultation • Financial Services • Investment Firms • Insurance • April 16, 2014 Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  33. New Mexico State University • Social Media Blitz • Facebook • Twitter • Instagram • Pinterest • Red to Green Money Management Program Website • Program Information • Financial Resources • Financial Avenue Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  34. New Mexico State University • University 114 Money Matter$ • Wells Fargo • Financial Avenue Modules • Financial Related Articles • Future Initiatives • Evaluation Plan • Outcomes Confidential. Do not copy or redistribute without expressed written permission from Inceptia.

  35. Q&A

  36. BRENDA MCCAFERTY Strategic Business Director 601.214.7224 brendam@inceptia.org Inceptia.org Follow us on Twitter | @Inceptia

  37. MIKE LUBBEN Vice President of Business Development 402.661.9455 mikel@inceptia.org Inceptia.org Follow us on Twitter | @Inceptia

  38. TONY MARIN DIRECTOR, STUDENT AFFAIRS 575-646-1416 amarin@ad.nmsu.edu http://careerservices.nmsu.edu/red-to-green/ Follow us on Twitter | @Inceptia

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