Grants Flowing from USA Funds to 10 Campuses

October 25, 2011

The faltering economy is touching everyone’s lives. Whether you’re living paycheck to paycheck or taking to the streets in protest it’s a mess out there. The help families get through the crisis some level of financial education could be of assistance. This education can come in the form of making sense of loan applications, steps to avoid bankruptcy or something as simple as planning out a household budget. In order to jumpstart that kind of education USA Funds is spreading some wealth around to 10 colleges that serve the minority community.

USA Funds Delivers

USA Funds is a nonprofit organization whose main objective is to provide support to American families in the form of postsecondary education grants. The idea behind this new series of grants is for college students to be offering the help to other college students in need. They call this peer mentoring and it’s a very effective tool to spread the good word of financial literacy. The 10 colleges who will split up this grant money are:

  • Dillard University (New Orleans).
  • New Jersey City University (Jersey City, N.J.).
  • Philander Smith College (Little Rock, Ark.).
  • Pueblo Community College (Pueblo, Colo.).
  • Savannah State University (Savannah, Ga.).
  • Sitting Bull College (Fort Yates, N.D.).
  • Southwestern Indian Polytechnic Institute (Albuquerque, N.M.).
  • University of Hawaii at Manoa (Honolulu).
  • University of Maryland Eastern Shore (Princess Anne, Md.).
  • Valencia College (Orlando, Fla.).

This money is intended to go into the peer financial education programs that already are up and running or to start new programs. The money can cover training and material costs. What the mentors will be learning is how to be an effective listener and what type of financial advice to provide to fellow classmates on a case by case basis. This is a perfect example of how grant money flows to targeted colleges. If you are attending one of those institutions and are in the business department you could be on the front line of these peer programs. If that is happening, we’d certainly like to hear about it!

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