Bauer College has developed a Program for Financial Literacy that includes comprehensive engagement by the university (Bauer College leadership), corporate community engagement (banks and financial services firms), non-profits with a financial education mission, and schools (teachers and parents).
You Are Invited to Attend!
As Professor of Personal Finance at Bauer College of Business at University of Houston, nothing delights me more than seeing young men and women step up to the plate to take personal responsibility for their own financial future. I’m offering 50 points – Extra Credit – for any of my students who attend the Financial Literacy Program hosted by Bauer College University of Houston.
As a nation, we are facing significant financial challenges. While the reasons for the financial crisis vary, an important factor is lack of financial literacy.
A 2011 survey from the FDIC estimates that 1 in 4 U.S. households (28.3 percent) are “un-banked” (without a checking or savings account) or “under-banked” (rely on non-bank money orders, check-cashing services, payday loans, rent-to-own agreements or pawn shops).
Low levels of financial literacy greatly impact the viability of the national higher education system, leading to high levels of student debt and low graduation rates.
Bauer College’s Response
Easily accessible resources for financial literacy are considered below acceptable levels in target neighborhoods and communities.
Recognizing this need, Bauer College has developed a Program for Financial Literacy that includes comprehensive engagement by the university (Bauer College leadership), corporate community engagement (banks and financial services firms), non-profits with a financial education mission, and schools (teachers and parents).
What is the Program for Financial Literacy at Bauer College?
The goal of the program is to promote financial literacy across the university and the community. The initiative is bolstered by faculty support, alumni engagement and student leadership involvement, and mentorship.
Learning goals for the program include skill development and language enhancement relevant to the banking and financial services sector. Partnerships with the Texas Council on Economic Education and non-profit organizations, such as Skills for Livingwith a program called the Game of Real Life, provide learning tools to impart the “language of banking” and topics, including money management and paying for college, to participants. The latter has the potential to connect underrepresented middle and high school students and their parents to the reality of a college education.
Personal Comments From Jim
My friend and fellow Professor, John Lopez, and I met while teaching an intensive two-week course for Skills for Living in their program called the Game of Real Life. From that experience, several life-long friendships have formed. Last year, the Program for Financial Literacy at Bauer College was a huge success. I don’t want you to miss it this year. Invite your friends and family and join us, I promise it will be worth more than 50 points of Extra Credit!