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What if your college education included learning how to manage your finances, including student loan debt? At Southern, students are able to take advantage of the Student Financial Literacy and Advising program, which helps them do just that. Financial literacy initiatives have become popular on college campuses in large part because of the inflated expenses required to attend these institutions. Like Southern, many schools now offer workshops, courses, one-on-one consultations, and incentivizing programs to teach students to become fiscally responsible.
The website LendEDU has released its annual Top 50 Financial Literacy Programs report, and Southern made the list for the second year in a row. After analyzing more than a thousand colleges and universities based on LendEDU’s unique scoring system, LendEDU placed Southern in the top 50, at #29.
LendEDU is a marketplace for private student loans, student loan refinancing, credit cards, and personal loans, among other financial products. LendEDU’s goal is to create transparency in these markets to help consumers make educated decisions and better manage their money. It annually compiles a ranking of the 50 best financial literacy programs offered at colleges throughout the United States, looking at hundreds of colleges and universities that are known to have a financial literacy program.
According to LendEDU’s assessment of Southern’s financial literacy program, the university’s financial literacy website “has an impressive collection of financial literacy resources and tools. Besides offering one-on-one financial literacy consultations and presentations, Southern Connecticut State University offers customized financial planning sessions with individual students. Individual financial plans can be created for each student according to their financial situation and academic goals.” To date, over 2,039 individual financial plans for Southern students have been created and aligned with academic goals for timely degree completion.
Read LendEDU’s full report here.
Congratulations to Mr. Lewis J. DeLuca, Jr., Coordinator of Student Financial Literacy and Advising! Encorage your student to contact Mr. DeLuca for advice at (203) 392-8862, or DeLucaL2@southernct.edu. He looks forward to working with your students on planning their education financial payments.