tuesday Session 1 | 8:00-9:00am
A Little Nudge Goes a Long Way: Guiding Students Toward Responsible Borrowing
Carissa Uhlman, Inceptia
Morgan McMillan, Indiana University
Behavioral science can help us move toward healthy financial outcomes – all it takes is a nudge. This session examines nudge theory; case studies demonstrate how nudge dramatically reduced student borrowing at SUNY Brockport and Indiana University. We’ll share guidelines and ideas for utilizing nudge at your campus. Attendees will gain:
- A practical understanding of nudge theory
- Tips and ideas from school case studies
- A guide to creating nudge-based financial ed initiatives
The MoneySmarts U Score: How Students Can Measure Their Financial Progress
Peter Dunn, Pete the Planner
Phil Schuman, Indiana University
The MoneySmarts U Score was developed through a partnership between Indiana University and financial wellness expert/author Peter Dunn. This session will discuss the reasonings behind the creation of the MoneySmarts U Score and why the focus on credit scores as an indication of financial progress is an unreliable one. The presenters will discuss each of the 10 factors that go into the calculation of the MoneySmarts U Score and discuss each factor and the reason for its inclusion.
VITA: Save Your Students $100,000
Tiffany Davis, University of Utah
An average tax return can cost a student around $200. Community Volunteer Income Tax Assistance (VITA) at your University is not just a great service but can save your students a lot of money. Find out how you can start a VITA site at your University and how it can help your center.
Factors of White Culture in Financial Literacy in Higher Education
Niki Pechinski, University of Minnesota Duluth
No one is born with an intuitive ability to know how to manage money. We learn from family, friends, life, and cultural experiences. What we learn and experience become the patterns that we bring into the rest of our lives, whether helpful or harmful. This session will look at how to uncover the unconscious artifacts from past and family legacy while examining where white privilege and culture show up in financial literacy in higher education.