A large percentage of the Bowie State students receive financial aid. Of those students receiving financial aid, an overwhelming majority are using federal student loans to pay for their college education. BSU realized this fact, as well as the national college trend of increasing student debt. Many of these students are using student loans for more than just their education or living expenses while in college. Students often use their student loan refund money to go on trips, shopping sprees, purchase new cars, electronics, and other items beyond their means. In addition, students were opening and using multiple credit cards.
While we are still determining a more comprehensive approach to educate students more about these long lasting decisions, we’ve implemented an approach to better educate students about financial literacy.Our goal is to improve the financial well-being of our students by providing tools to achieve financial independence. The learning objectives are as listed below:
Through a collaborative campus wide partnership the University provide the following efforts to raise awareness:
The Department of Career Services partners with employers to offer one- on- one sessions on Financial Education/Literacy.
Financial Education/Literacy Information packages are provided at New Student Orientation Sessions as well as during Parent Orientation Sessions
Financial Education/Literacy is introduced to all students during the Freshman Year Experience Course