Title: Personal Finance for Freshmen: The Fundamentals in 50 Minutes (Student Project)
Wednesday, November 15th, 2017
Freshman year at a university is typically focused on learning the fundamental knowledge and skills to succeed in students' intended majors. Faculty and administrators dedicate time and resources to providing students with the courses and materials they need to succeed academically. However, there is rising awareness for the relationship between student wellness in non-academic areas, such as physical, mental, and financial health, and academic success. Students themselves are proving to be excellent educators and advocates for student wellness on university campuses. At Iowa State University the peer educator approach to financial education was used in one freshman level course. The fundamentals of personal finance were presented to students in one 50 minute class period by a senior student in Financial Counseling and Planning. Setting financial goals, tracking spending, budgeting, and utilization of federal student aid and campus-specific resources were highlighted in the presentation as the fundamental skills to financial wellness in college.