WASHINGTON, D.C. (WTVA) -- The Council of Graduate Schools announced awards to 15 universities to develop financial education programs for graduate and undergraduate students.
The grants were awarded as part of the groundbreaking CGS best practice program, Enhancing Student Financial Education, co-sponsored by TIAA-CREF, a leading financial services provider.
The program comes at a time when public funding for higher education has declined, and the costs associated with higher education continue to rise.
“By working together, universities and the private sector are uniquely well-positioned to provide students with the tools and resources they need to effectively manage their financial futures”
Awardees will work in collaboration with CGS and TIAA-CREF to design programs that prepare students to play an active role in managing their personal finances and making informed decisions about saving, spending and borrowing.
The institutions will address the needs of different groups of students, while considering factors such as their fields of study, degree levels and chosen career pathways, each of which has significant financial ramifications.
By surveying and measuring the effectiveness of each school’s programming, the project will enable CGS to develop best practices for improving financial education among college students and graduate students.
These findings will be made widely available to the higher education community through interactive tools and resources over the next two years.
The selection of awardees was made through a competitive proposal process involving an independent selection committee of experts in higher education reforms and financial education.
The institutions selected to receive funding are:
Arkansas State University
The Ohio State University
University of Colorado System
Eastern Illinois University
University of Illinois at Urbana-Champaign
Florida A&M University
University of Kentucky
Iowa State University
University of Maryland, Baltimore County
Kansas State University
University of South Florida
Loyola University Chicago
Mississippi State University