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Montana University System Financial Literacy Program

Montana University System Financial Literacy Program. April 17, 2013. Affordability Taskforce Recommendations. Increase tuition assistance for low and moderate income students Provide targeted Financial Literacy efforts to students most likely to generate high levels of debt

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Montana University System Financial Literacy Program

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  1. Montana University System Financial Literacy Program April 17, 2013

  2. Affordability Taskforce Recommendations • Increase tuition assistance for low and moderate income students • Provide targeted Financial Literacy efforts to students most likely to generate high levels of debt • Increase centralized Default Prevention efforts

  3. Financial Literacy • Board of Regents requires the development of a coordinated and collaborative approach to financial literacy education that enhances and connects existing campus and system efforts • Commissioner assigns Student Financial Services responsibility for coordinating efforts system-wide • Utilize Affordability Taskforce as system advisory council for financial literacy efforts

  4. Program Goal • Strengthen Montana’s financial literacy programs in an effort to reduce student debt by developing a coordinated and collaborative approach to financial literacy education efforts that enhances and connects existing efforts. • The program will advance best practices, target high risk students, focus on low-income and other underrepresented groups as well as address the general student population.

  5. Financial Literacy Program Development • $400,000 dedicated funding • $300,000 sub-granted to campuses for the development of programs • RFP process last fall • Funds awarded in October • Best practices developed and being refined • Educational materials upgraded • www.mus.edu/prepare • Dollars and Sense workbooks updated

  6. Awards

  7. Panelists • Carina Beck, Director of Student Success, MSU-Bozeman • Leslie Weldon, Director of Financial Aid, MSU- Billings • Valerie Curtin, Director of Financial Aid, Helena College • Carie Kelly, Program Manager, OCHE • Andrea Opitz, Program Manager, OCHE

  8. Next Steps • OCHE will submit renewal for College Access Challenge Grant in early July • Best practices symposium for first-year participants late July • RFP for new and renewal sub-grants released in early August • Expectation of Regents that all campuses will apply

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