Inceptia Develops Confident Financial Educators for Students

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Inceptia’s Personal Financial Management Certification trains 100 participants during its first year

Ultimately, these certified on-campus financial educators can now arm our students with the skills needed to avoid burdensome student loan debt and tricky financial situations

When it comes to educating students on a variety of financial topics, universities and colleges across the country are taking proactive steps to develop confident and competent advising staff. And they’re turning to one partner to achieve that – Inceptia.

Since February 2012, 57 schools nationwide have enrolled staff in Inceptia’s Personal Financial Management Certification (CPFM) program – a program that has proudly certified 100 financial educators.

The CPFM program has proven to help higher education professionals hone, develop and improve their financial education advising skills with 100 percent of program survey respondents claiming they felt more confident about their ability to work with college students to develop sound money management skills.

Ultimately, these certified on-campus financial educators can now arm our students with the skills needed to avoid burdensome student loan debt and tricky financial situations, shared Midwestern University’s Director of Finance Kimberly Brown, Ph.D. Midwestern University, serving two campuses and more than 5,400 students, has nine staff members in progress of the certification program and 11 Inceptia CPFM graduates.

“While our staff could easily manage their personal budgets, it is quite another thing to have a meaningful conversation with a student about their own personal finances,” Brown went onto say. “Each graduate of Inceptia’s certification program now has the confidence needed to spark these tough conversations and provide advice in the areas of budgeting, spending, credit card usage, maintaining good credit, student loan borrowing and repayment management.”

The need for financial education has amplified with the rise in student loan debt, which now topples over $1 trillion. And, a January Inceptia National Financial Capability Study of nearly 1,000 students nationwide revealed that an alarming 89 percent of respondents scored the equivalent of a “C” or below when tested on their basic financial literacy.

“This certification better equips schools’ frontline faculty with the know-how needed to provide the help students seek and desperately need more than ever,” said Kate Trombitas, Inceptia vice president for financial education.

Participants graduate the self-paced 12-16 week program with a better understanding of and ability to educate students on personal finance topics including budgeting, paying for college, credit, home and car loans, taxes and more.

The program includes a 15-chapter textbook, online quizzes, worksheets, videos, calculators and an interactive community that provides resources from financial experts. To maintain the certification, graduates must complete 20 continuing education units every two years.

In addition to the CPFM program, Inceptia recommends a holistic approach to improving financial education on campuses. Read Inceptia’s white paper “Financial Capability Now: Why College Students Can’t Wait” to learn more about an action plan for developing financial education programs at higher education institutions.

To demo the CPFM program, click here.

ABOUT INCEPTIA
Inceptia, a division of National Student Loan Program (NSLP), is a dedicated non-profit organization providing much-needed support to help schools effectively fulfill their roles and responsibilities. Our mission is to provide guidance to schools, along with the means to help their undergraduate, graduate and professional students succeed. Through comprehensive analytics, student success tools, financial education, default prevention and financial aid management, we are confident we can help all students, not just borrowers, become financially responsible adults. We are here to make it possible for more schools to launch brilliant futures. More information at Inceptia.org.

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Erica Wassinger
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