sam houston state university student money management center
TRANSCRIPT
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Sam Houston State UniversityStudent Money Management
Center
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Who Are We?
•The Student Money Management Center (SMMC) at SHSU provides free financial education services for SHSU students.
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Our Mission
•To improve the financial well-being of our students by providing the unbiased education, counseling, tools, and solutions students need in order to achieve financial independence.
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• Personal consultations
• Workshops, seminars, class presentations, special events
• Kat2Kat peer counselors
• Financial literature (customized handouts)
• Financial newsletter/Tip of the Week
• Online resources (http://www.shsu.edu/~smmc)
• Kat Cents On-Line E-Gaming Financial Literacy Program
Services
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We Can….
•Assist students in making the right choices when managing money.
▫Help plan for the future▫Counsel on debt management▫Discuss establishing and maintaining
EXCELLENT credit▫Teach budgeting▫Help plan for life after graduation▫Look at various employee benefit packages▫Discuss financial counseling with couples
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We Can NOT…
•We are not a financial institution.
•We do not provide the following:▫Specific investment advice ▫Loans▫Selection of a financial institution
(bank, credit union, etc.)▫Selection of financial planning services
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Challenges to Implementing a Center
• Support from cabinet and top-level administrators
• Funding
• Campus location/facilities
• Buy-in from faculty and staff on campus
• Educating students on what we do
• Proper education/training for staff
• Networking opportunities
▫Professional development▫Conferences
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Support and Implementation
•Research indicated that college students would benefit from, wanted, and needed a financial literacy department on campus▫Academic research, professional journals, on-
campus interviews, and focus groups
•Garnered support from VP Student Affairs, VP Enrollment Management, and President▫Divisional reporting/organizational structure
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Vice President Of Student Services
Director-BKO and Student Money Management
Center
Assistant Director-Student Money Management
Center
Graduate Assistant-SMMC
Peer Counselor Peer Counselor
Student Money Management Center Organizational Chart
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Funding and Implementation• Proposed and approved by the Texas State University
System Board of Regents in November 2007• Recommended per-semester fee to support ID card
program and financial literacy center• Approval was granted and development began• Funding began in September 2008• However, preliminary work began in 2007 with the
formation of:▫ Policy and procedures▫ Organizational structure▫ Purpose, scope, mission▫ Business and marketing plans▫ Personnel job descriptions and hiring
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Campus Location/Facilities
• Initially, office was located in a small conference room in the Student Center
• In May 2009 we moved to our new office suite
• Shared with Bearkat OneCard Services
• Has private counseling offices
• Offers computers for student use
• Conference room for mini-workshops
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SMMC entrance
SMMC Check-in desk
Bearkat OneCard Services
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Private counseling rooms
Student-use computers
Promotional logo at event
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Individualized counseling session
Counseling office
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Campus and community support•Work with external agencies and other
campus departments to help maximize student experiences:▫ Financial aid▫ Academic departments▫ Orientation/enrollment management▫ Counseling center▫ Credit counseling▫ Texas workforce▫ Campus career services
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Training/Continuing Education•Develop training materials and test
▫Worked Internally and with UNT to develop training manual for peer counselors
▫Had Counseling Center and other campus resources conduct training (e.g., counseling skills, FERPA)
•Gain certification:▫Director and Assistant Director are in the
process of becoming certified by both AFCPE and Institute for Financial Literacy
• Join associations and network
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Affiliations: Professional Organizations and Associations•National Endowment for Financial Education
▫CashCourse Web site
•Association for Financial Counseling, Planning, and Education – AFCPE (http://www.afcpe.org/)▫Conference November 18-20▫Counseling Certification program
• Institute for Financial Literacy▫http://www.financiallit.org/▫Conference is October 21-23
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Educating Students and Parents on What We Do
•Brochure and customized marketing materials
•New campus video
•Facebook page▫Links from official university page
•Signage around campus/sandwich boards
•Articles/press releases
•Orientation presentations
•Classroom presentations
•Quarterly newsletter (in progress)
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Web site
•www.shsu.edu/~smmc/▫Calendar of events▫Services▫Cash Course▫Online resources/Downloadable resources
See handouts▫FAQs▫Financial Literacy Week▫Quicken Online▫Facebook group page
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SMMC Cash Course
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Advice for Others• Research the need for a financial literacy
program and talk to students on your campus
• Develop a strong business plan▫Specifically, design an efficient marketing plan
and business plan
• Start small, if necessary▫Office brochures, seminars, workshops
• Collaborate, Collaborate, Collaborate
• Join associations and professional organizations
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Advice for Others
• Research the need for a financial literacy program on your campus and document your efforts for future publications
• Talk to students on your campus – these are your customers!
• Assess and benchmark
• Develop strong business and marketing plans
• Start small and share the passion
• Collaborate, Collaborate, Collaborate
• Form an advisory committee
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Advice for Others• Join associations and professional organizations
• Identify senior administration advocate and “buy-in”
• Playing your strengths
• Flexibility in hours of operation
• Secure dedicated funding
• Engage students
• Stay the course!
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QUESTIONS??
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Contact Information
Dr. Kristy L. VienneDirector
Bearkat OneCard Services & Student Money Management Center
(936) [email protected]
www.shsu.edu/~smmc