Higher One Announces Recipients of Financial Literacy Counts Grant Program For Colleges and Universities
August 15 2011 - 9:00AM
Business Wire
Higher One, a technology and payment services company focused on
higher education, is pleased to announce the award recipients of
its first Financial Literacy Counts grant program. College students
are seeking basic financial management knowledge, according to a
recent study conducted by Higher One among 5,488 students
nationwide. To act upon these findings, Higher One launched the
Financial Literacy Counts grant program, giving schools the
opportunity to receive funding for student awareness campaigns,
workshops, online financial literacy tools and other activities and
resources that promote financial literacy and provide opportunities
for students to increase their personal financial management skills
and abilities.
The Financial Literacy Counts grant was open to all non-profit,
accredited institutions of higher education across the country.
Over 80 applications representing 36 states were received from an
array of four-year and two-year public and private
institutions. The eight colleges and universities that have
been selected to receive $30,000 in total funding through Financial
Literacy Counts include Adams State College, Armstrong Atlantic
State University, Jefferson Community and Technical College, Keene
State College, Piedmont Community College, Rivier College,
University of North Carolina – Pembroke, and The University of
North Texas. The proposals were selected based their high levels of
student involvement in planning and execution, quality, creativity,
and impact on the percentage of undergraduate students on
campus.
“We are so grateful to Higher One for this award,” said Dr.
Cammie Hunt, Associate Vice Chancellor of Engaged Outreach at
University of North Carolina—Pembroke. “These funds will allow us
to provide critically needed financial literacy education to our
incoming freshman—helping them stay in school and helping us reduce
student withdrawal rates due to financial hardship down the
road.”
“This grant from Higher One provides the opportunity for Keene
State College students to be more active than ever in their
financial planning, and in many cases, this will be the first time
students have been engaged in their financial success,” said Karen
House, Associate Vice President for Finance at Keene State College.
“Keene State College places an importance on financial literacy for
our students so that they can make wise choices. We are thrilled to
grow our program as a result of this grant.”
“The number of creative proposals we received exemplifies higher
education’s urgency to provide more responsive and creative
financial literacy education opportunities for undergraduates,”
said Mary Johnson, Financial Literacy expert at Higher One. “Our
partnership with over 700 campuses across the country includes our
commitment to aiding administrators in developing real-world, money
management programs. This grant can help schools get the jumpstart
they need to tackle this much-needed curriculum.”
Higher One believes that students can be financially responsible
and, when given the necessary tools, can successfully live within
their means. To that end, Higher One offers innovative student
banking services based on choice. The company has dedicated
resources to financial literacy including its Financial
Intelligence online financial literacy course, the One For Your
Money blog dedicated to the fundamentals of finances for college
students, and soon to come, Higher One will host the Money on My
Mind student video contest to engage students’ thoughtfulness about
money challenges they face.
Learn more about Higher One’s dedication to strengthening
financial literacy among students at OneForYourMoney.com or on
Twitter at @MoneyTalkMary or @HigherEdvice.
About Higher One
Higher One Holdings, Inc. (NYSE: ONE) is a leading company
focused on helping college business offices manage operations and
providing enhanced service to students. Through a full array of
services from refunds, payments, electronic billing, payment plans
and more, Higher One works closely with colleges and universities
to ensure students receive Financial Aid refunds quickly, can pay
tuition and bills online, make on-campus and community purchases
and learn the basics of financial management.
Higher One provides its services to approximately 5.5 million
students at distinguished public and private higher education
institutions nationwide. More information about Higher One can be
found at HigherOne.com.
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