Introduce Financial Literacy course for selected students identified as vulnerable

Much of the data points to financial mismanagement as a significant contributor to failure to complete. These financially-marginal, first-time students will be the target population for piloting an early Financial Literacy course to increase completions and retention.

Core design elements of the Walla Walla Community College implementation of the Financial Literacy services has been built on existing successful programs, expanding to a broader audience, and more effectively bundling and streamlining access to services.  One of the critical core design elements is a centralized location recognized, branded and marketed heavily for an initial point of access to all Financial Literacy-related services, the Student Development Center.  While location is vital to simplifying access to services, even more important is a broad community understanding of a referral process as well as the staff delivery of effective programming in a safe, caring and empowering way. 

The second core design element focused on the level of services for each student.  Service delivery levels fluctuated based on the individual student needs at any given point in time.  All new students are targeted to receive at least two low-touch Financial Literacy core services, which are bundled with their assessed medium and high touch timely and relevant services.  For example, Completion Coaches, advisors and retention specialists engage in the quarterly holistic advising, including developkent of a financial plan to completion.   Another example within the Income and Work supports pillar is the bundling of the low touch service, financial aid navigation assistance occurring during the new student orientation, and the high touch service of one on one individual sessions with financial aid staff for students identified based on an incomplete financial aid application.

The final core design element is a work in progress - expansion of data collection, dissemination and training for key partners as a means for collecting, measuring, and informing program and service provision.  As with all projects, data will be collected regarding the effectiveness of service delivery bundles to iterate ongoing practice as appropriate.

Spring 2016

The financial literacy classes have not reached as many students as we had hoped. Work has been done to launch a Safetynet Savings program. The goal is to have 150 students engaged in a matching savings account. The objective is to increase focus on financial literacy. We moved from a credit bearing class to a workshop structure, which were better attended but didn’t necessarily draw students with the greatest financial literacy needs. The Task Force On Campus Student Employment will be researching the possibility of pairing campus student employment with benefits. If student employment is tied to financial literacy, we would be able to reach more students. 

ID 15682

To contact this college about this intervention, take note of the ID above, ID #15682, and then fill out the intervention contact request form

Please note that for security purposes, contact information can only be provided to known contacts at active Achieving the Dream institutions.

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