Enhancing Student Financial Education at Kansas State University

Enhancing Student Financial
Education
at Kansas State University
in collaboration with:
Carol Shanklin, Dean
Graduate School
Team Members
• Carol Shanklin, Dean of Graduate School
• Jodi Kaus, Director of Powercat Financial Counseling
• Sonya Britt, Associate Professor and Director of the
Personal Financial Planning Graduate Program
• Clifford Robb, Associate Professor, Personal Financial
Planning
• Christyne Stevenson, Graduate Research Assistant,
Powercat Financial Planning
Partners
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Powercat Financial Counseling
Graduate Student Council
Research and Extension, Riley County
Academic Deans and Graduate Program Directors
Office of Student Financial Assistance
Vice Provost of Undergraduate Studies
McNair Program and other student support
programs
Kansas State University
• Public 4-Year Land Grant University located in Manhattan,
Kansas (population 56,000)
– Additional campuses in Salina and Olathe, KS
• 25,000 total students; 4,000 graduate students
• 119 masters and doctoral degrees and 36 graduate
certificate programs
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Largest K-State Graduate Programs
• Online: Masters in Academic Advising, Food Science,
Agribusiness, Adult Continuing Ed., Family Studies
• On Campus Doctoral: Curriculum and Instruction,
Human Ecology - various, Chemistry, Physics, Agronomy
• On Campus Masters: Architecture, Student Counseling
& Development, MBA, Animal Sciences, English
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Kansas State University
• Over $200 million awarded in scholarships,
grants, loans and work study each year
• Average undergraduate loan debt of $24,892
• 26% of undergraduate students are Pell grant
recipients
• 52% of undergraduates are recipients of
Federal loans
Kansas State University
• Average total graduate loan debt of $85,118
(sub/unsub/PLUS)
• Doctoral Graduates
– 51% report no debt-Survey of Earned Doctorate
(2012 data)
– $62,235 (average unsub May 2014 graduates)
– $7,852 (average Grad Plus May 2014 graduates)
– $65,448 (average total unsub and Grad Plus)
Kansas State University
• Average total graduate loan debt of $85,118
(sub/unsub/PLUS)
• Master’s Degree Graduates (May 2014)
– 65% had some indebtedness for graduate studies
– $29,833 (average unsub)
– $10,661 (average Grad Plus)
– $31,956 (average unsub and Grad Plus)
Powercat Financial Counseling
• Began in 2009 as 1st peer-to-peer collegiate financial education program in
Kansas
• Originally within Personal Financial Planning academic unit
• Moved in 2012 to Student Life-a division with the Office of Student
Financial Assistance
• Services available to currently enrolled students and alumni
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PFC Staff
• One full-time director who is a professional financial
planner (holds Certified Trust & Financial Advisor
designation and law degree)
• Two part-time graduate assistants from College of
Human Ecology and College of Business
• Around 15 undergraduate Peer Financial Counselors
from financial-related majors such as Finance,
Personal Financial Planning, Accounting, Agribusiness, Ag-Economics, and Economics
• 25 student members of PFC Student Advisory Board
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Peer Financial Counselors
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Student Advisory Board
Hosts Financial Events & Markets PFC Services:
Thrifty Gifting!
Spring Break! NOT Spring Broke!
Marriage & Money
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Services Provide
• Individual Financial Counseling
– Face-to-Face
– Online Counseling
• Group Presentations
• Salt
• Courses and Programs
Services Provided
• Financial Resources
– Credit
– Budgeting
– Student Loans
– Transitioning into work
– Your College Financial Plan with worksheets
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Powercat Financial Counseling
• 1,850+ students have received individual
financial counseling
– 541 (433 UG and 108 Grad) during grant period
• Over 500 financial workshops to 26,800+
students
– 151 programs and 12,142 during grant period
• 60 students have been trained as peer
financial counselors
Programs Offered For Graduate Students
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Becoming Financially Independent
Student Loan Repayment
Transitioning to Career & Employee Benefits
Retirement Saving & Investing
SALT
Total 20 have been presented since August 2013
1,182 have participated in one or more programs
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www.k-state.edu/Salt
Programs for Spring 2014
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Marriage and Money Seminars
“It’s Spring Break NOT Spring Broke”
Student Loan Repayment
SALT
Transitioning to Career and Employment
Benefits
Marketing Programs to Graduate Students
• Flyers posted on campus in areas where
graduate students work and study
• Information in the weekly email Graduate
Student Council sends to all graduate students
• Information and flyers distributed to graduate
program directors
• Incentives—gift cards
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Other Outreach
Academic Units
Student Financial Assistance
Alumni Association
Cashier’s Office
New Student Services
Career Employment Services
Division of Continuing Education
Housing & Dining
International Student Services
Non-traditional Student Services
and Veterans Affairs
Greek Affairs
Online counseling for distance students via Zoom or Skype programs
www.Facebook.com/kstatepfc
Blog at www.blogs.k-state.edu/PFC
Listserv emails
Parent sessions at Orientation & Enrollment
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Other Financial Education Resources
• www.GradSense.org
• Financial Awareness Counseling Tool (FACT) on
www.StudentLoans.gov site and www.StudentAid.ed.gov
• www.MyCollegeMoneyPlan.org
• www.CashCourse.org by NEFE
• www.LoveYourMoney.org
• Buttonwood by Everfi
• Inceptia (division of NSLP) – Financial Avenue online
program and Personal Financial Mmgt. certification
• TG Financial Literacy Programs
• Student loan servicers’ offerings
• Local credit unions and financial institutions
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Powercat Financial Counseling
www.k-state.edu/pfc
785.532.2889
[email protected]
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