The financial decisions that students and their families face are complex, and the effects of those choices can last a lifetime. In addition to securing student loans, young adults make a number of other important financial decisions during college, from opening bank accounts and using credit cards to selecting health insurance and saving for retirement. That's why UMass is prioritizing financial literacy for students, equipping them with the knowledge and skills to make sound financial decisions early and lay the foundation for lifelong financial health.
UMass is integrating financial literacy into its campus advising models to aid students in developing sustainable financial plans for their education. UMass campuses conduct various educational initiatives on campus, from eye-opening literacy events at UMass Amherst and workshops at UMass Boston to presentations and outreach efforts at UMass Dartmouth and front-line counseling, seminars and financial aid nights at UMass Lowell.
And in 2017, leveraging their significant expertise, the UMass Donahue Institute and UMass Online will creating online resources to provide clear, transparent financial literacy education, informing students about the cost of college and the implications of taking on debt. This programming will be available to students at UMass as well as at all Massachusetts state universities, community colleges and high schools — for free.
At UMass, we’re committed to delivering financial education and decision-making tools and resources that will help students throughout college and beyond. It’s all part of our commitment to making a high-quality education affordable and accessible and providing exceptional value to students, their families and the Commonwealth as a whole.