Colleges and universities to receive total of $75,000 toward on-campus financial literacy programs
New Haven, CT, September 24, 2014—Higher One, a leader in providing financial services and data analytics to more than 1,900 college and university campuses across the U.S., is pleased to announce 21 recipients of its Financial Literacy Counts grant program. A total of $75,000 will be distributed to winning colleges and universities in the program’s fourth year, which saw a record number of more than 125 applications representing 34 states and an array of four-year and two-year public and private institutions.
Higher One launched the Financial Literacy Counts grant program to provide institutions with funding for critical financial literacy awareness campaigns, workshops, online financial literacy tools and other activities and resources that promote financial capability among college students and provide opportunities to increase students’ personal financial management skills and abilities. This year marked the launch of a new track, Higher One Money Mentors, for those programs specifically focused on peer mentoring models and programs—seven of the recipients in 2014 were in this track.
“Higher One’s Financial Literacy Counts grant will be instrumental in providing University of Illinois students on all three of our campuses - Urbana–Champaign, Chicago and Springfield – a structured and innovative approach to financial capability,” says Andrea Pellegrini, Assistant Director of the Student Money Management Center. “This grant is supporting the launch of our Financial Literacy Badges Program, which structures various financial literacy programming on all of the campuses within the five core competencies defined by the U.S. Department of Treasury as Borrowing, Earning, Protect, Saving and Spending. Students can earn a digital badge for each core competency by participating in at least three educational activities associated with each core competency. These digital badges can then be displayed online.”