Primary Faculty Mentor’s Name
Penelope Lyman, Kelly Manley, Katie Simmons
Proposal Track
Student
Session Format
Poster
Abstract
Our presentation to the Georgia Undergraduate Research Conference is designed to demonstrate that college students enjoy being taught by their peers and are likely to change their behavior after learning how to manage their finances responsibly. Since 2005, student members of Enactus at UNG/GSC have participated in the Peer Financial Counseling Program (PFC), developed by the Department of Financial Planning, Housing, and Consumer Economics at the University of Georgia to give college students the opportunity to teach their peers about personal financial management skills (http://www.fcs.uga.edu/fhce/undergraduate-peer-financial-counseling-program). Student educators are prepared to teach modules on credit and debt, identity theft, budgeting, and student loans. Student audience members are given handouts highlighting key ideas and resources to consult for additional information or assistance. After the presentation and an interactive question-answer period, student audience members complete evaluations that measure their knowledge of the content and their satisfaction with the presentation format and information. Students are also asked to indicate how likely they are to engage in good financial management practices (e.g., tracking income and expenses, researching starting salaries for potential careers to determine maximum student loan amounts, and requesting and reviewing credit reports on a regular basis. By collecting feedback from student audience members about the content and delivery of financial literacy information, we can gauge the effectiveness of peer education and determine whether the content is likely to increase responsible financial management.
Keywords
Financial literacy, Peer education, Credit, Student loans, Salary, Budget
Location
Concourse/Atrium
Presentation Year
2014
Start Date
11-15-2014 9:40 AM
End Date
11-15-2014 10:55 AM
Publication Type and Release Option
Presentation (Open Access)
Recommended Citation
Yuan, Jialin; Brandes, Jonathan; Brake, William; and Hux, Alexander, "Peer Financial Counseling to Promote Financial Literacy" (2014). Georgia Undergraduate Research Conference (2014-2015). 57.
https://digitalcommons.georgiasouthern.edu/gurc/2014/2014/57
Peer Financial Counseling to Promote Financial Literacy
Concourse/Atrium
Our presentation to the Georgia Undergraduate Research Conference is designed to demonstrate that college students enjoy being taught by their peers and are likely to change their behavior after learning how to manage their finances responsibly. Since 2005, student members of Enactus at UNG/GSC have participated in the Peer Financial Counseling Program (PFC), developed by the Department of Financial Planning, Housing, and Consumer Economics at the University of Georgia to give college students the opportunity to teach their peers about personal financial management skills (http://www.fcs.uga.edu/fhce/undergraduate-peer-financial-counseling-program). Student educators are prepared to teach modules on credit and debt, identity theft, budgeting, and student loans. Student audience members are given handouts highlighting key ideas and resources to consult for additional information or assistance. After the presentation and an interactive question-answer period, student audience members complete evaluations that measure their knowledge of the content and their satisfaction with the presentation format and information. Students are also asked to indicate how likely they are to engage in good financial management practices (e.g., tracking income and expenses, researching starting salaries for potential careers to determine maximum student loan amounts, and requesting and reviewing credit reports on a regular basis. By collecting feedback from student audience members about the content and delivery of financial literacy information, we can gauge the effectiveness of peer education and determine whether the content is likely to increase responsible financial management.
