The purpose of the Florida A&M Student Financial Education (FAMU SFE) Program is to train and mentor graduate students to conduct research in the areas of financial literacy, debt management, paying for college, and financial decision-making within minority and low-income communities, while educating graduate and undergraduate students on the aforementioned topics through the use of seminars, workshops, publications, and programs. The FAMU SFE Program provides financial decision-making activities, including paying for college and managing student loan debt, to FAMU’s graduate and undergraduate students.
Project plan and activities:
Program informational pamphlets, calculators, and t-shirts are distributed to participants to raise and reinforce the awareness of the program. Students are also reached through social media platforms, such as Twitter, Facebook, and FAMU’s radio and TV stations.
The evaluations, assessments, written program curriculum, and best practices from each year are posted on the new FAMU SFE website, and used to strengthen and replicate the activities in different settings to assess the replication of the findings in other student and community settings.
The program uses multi-media formats such as YouTube, PowerPoint, and web-based information online and via Blackboard to deliver educational workshops and financial coaching sessions. Additionally, the FAMU SFE Program developed a train-the-trainer financial decision-making education program that can be delivered to graduate and undergraduate student populations in the future. A graduate student from each of the Business Administration, Counseling Education, and Community Psychology programs works with faculty members to assist staff from the FAMU Small Business Development Center (SBDC) to deliver the Federal Deposit Insurance Corporation’s (FDIC) financial education program in the SFE seminars and workshops. Financial decision-making seminars focus on financial literacy, debt management, and paying for college, and are available each fall and spring semester for FAMU students.
FAMU faculty and SFE fellows (the graduate student mentees) will present and publish FAMU SFE research findings, while providing others the opportunity to replicate and extend the research.
More information on the project can be found here.