Page 21 - Payne Research Center ~ Money Matters

P A Y N E C E N T E R . OR G
In addition to incorporating a module on student loans, providing personalized financial coaching could be another effective way to support students who have grown up in households facing substantial financial challenges. Financial coaching can provide students with individualized guidance and support, helping them to develop financial goals, create budgets, and manage their money effectively. This approach recognizes that each student’s financial situation is unique and that a one-size-fits-all approach to financial education may not be sufficient.
By partnering with organizations like Savings Collaborative, which offers free financial coaching to families, the Financial Well-Being initiative could extend its reach and provide comprehensive support to both students and their families. This holistic approach acknowledges the interconnectedness of family finances and student financial well-being, recognizing that addressing the financial challenges faced by families can have a positive impact on students’ academic and financial success.
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