Enhancing Student Financial
Education
at Kansas State University
in collaboration with:
Carol Shanklin, Dean Graduate School
Team Members
• Carol Shanklin, Dean of Graduate School
• Jodi Kaus, Director of Powercat Financial Counseling • Sonya Britt, Associate Professor and Director of the
Personal Financial Planning Graduate Program
• Clifford Robb, Associate Professor, Personal Financial Planning
• Christyne Stevenson, Graduate Research Assistant, Powercat Financial Planning
Partners
• Powercat Financial Counseling • Graduate Student Council
• Research and Extension, Riley County
• Academic Deans and Graduate Program Directors • Office of Student Financial Assistance
• Vice Provost of Undergraduate Studies
• McNair Program and other student support programs
Kansas State University
• Public 4-Year Land Grant University located in Manhattan, Kansas (population 56,000)
– Additional campuses in Salina and Olathe, KS • 25,000 total students; 4,000 graduate students
• 119 masters and doctoral degrees and 36 graduate certificate programs
Largest K-State Graduate Programs
• Online: Masters in Academic Advising, Food Science, Agribusiness, Adult Continuing Ed., Family Studies • On Campus Doctoral: Curriculum and Instruction,
Human Ecology - various, Chemistry, Physics, Agronomy • On Campus Masters: Architecture, Student Counseling
& Development, MBA, Animal Sciences, English
Kansas State University
• Over $200 million awarded in scholarships, grants, loans and work study each year
• Average undergraduate loan debt of $24,892 • 26% of undergraduate students are Pell grant
recipients
• 52% of undergraduates are recipients of Federal loans
Kansas State University
• Average total graduate loan debt of $85,118 (sub/unsub/PLUS)
• Doctoral Graduates
– 51% report no debt-Survey of Earned Doctorate (2012 data)
– $62,235 (average unsub May 2014 graduates) – $7,852 (average Grad Plus May 2014 graduates) – $65,448 (average total unsub and Grad Plus)
Kansas State University
• Average total graduate loan debt of $85,118 (sub/unsub/PLUS)
• Master’s Degree Graduates (May 2014)
– 65% had some indebtedness for graduate studies – $29,833 (average unsub)
– $10,661 (average Grad Plus)
Powercat Financial Counseling
• Began in 2009 as 1st peer-to-peer collegiate financial education program in Kansas
• Originally within Personal Financial Planning academic unit
• Moved in 2012 to Student Life-a division with the Office of Student Financial Assistance
• Services available to currently enrolled students and alumni
PFC Staff
• One full-time director who is a professional financial planner (holds Certified Trust & Financial Advisor designation and law degree)
• Two part-time graduate assistants from College of Human Ecology and College of Business
• Around 15 undergraduate Peer Financial Counselors from financial-related majors such as Finance,
Personal Financial Planning, Accounting, Agri-business, Ag-Economics, and Economics
• 25 student members of PFC Student Advisory Board
Peer Financial Counselors
Student Advisory Board
12
Hosts Financial Events & Markets PFC Services:
Thrifty Gifting!
Spring Break! NOT Spring Broke! Marriage & Money
Services Provide
• Individual Financial Counseling
– Face-to-Face
– Online Counseling
• Group Presentations • Salt
Services Provided
• Financial Resources
– Credit
– Budgeting
– Student Loans
– Transitioning into work
Powercat Financial Counseling
• 1,850+ students have received individual financial counseling
– 541 (433 UG and 108 Grad) during grant period
• Over 500 financial workshops to 26,800+ students
– 151 programs and 12,142 during grant period
• 60 students have been trained as peer financial counselors
Programs Offered For Graduate Students
• Becoming Financially Independent • Student Loan Repayment
• Transitioning to Career & Employee Benefits • Retirement Saving & Investing
• SALT
• Total 20 have been presented since August 2013 • 1,182 have participated in one or more programs
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Programs for Spring 2014
• Marriage and Money Seminars
• “It’s Spring Break NOT Spring Broke” • Student Loan Repayment
• SALT
• Transitioning to Career and Employment Benefits
Marketing Programs to Graduate Students
• Flyers posted on campus in areas where graduate students work and study
• Information in the weekly email Graduate
Student Council sends to all graduate students • Information and flyers distributed to graduate
program directors
Other Outreach
• Academic Units
• Student Financial Assistance
• Alumni Association
• Cashier’s Office
• New Student Services
• Career Employment Services
• Division of Continuing Education
• Housing & Dining
• International Student Services
• Non-traditional Student Services and Veterans Affairs
• Greek Affairs
• Online counseling for distance students via Zoom or Skype programs
• www.Facebook.com/kstatepfc
• Blog at www.blogs.k-state.edu/PFC
• Listserv emails
• Parent sessions at Orientation & Enrollment
Other Financial Education Resources
• www.GradSense.org
• Financial Awareness Counseling Tool (FACT) on
www.StudentLoans.gov site and www.StudentAid.ed.gov
• www.MyCollegeMoneyPlan.org
• www.CashCourse.org by NEFE
• www.LoveYourMoney.org
• Buttonwood by Everfi
• Inceptia (division of NSLP) – Financial Avenue online program and Personal Financial Mmgt. certification • TG Financial Literacy Programs
• Student loan servicers’ offerings
• Local credit unions and financial institutions