College & University Program

The IFWA College & University Program


 

The American higher education system suffers from a systemic financial literacy problem, especially in the arts sector.  Unless arts students include finance in their field of study, most graduate without even a basic knowledge of how to create a strategic financial plan that can serve them throughout their life and career. 

To remedy this problem, IFWA created a one-hour course for graduating arts students to provide them with the knowledge and tools they need to build a viable financial strategy for every stage of their career.

"The Art in Finance: Preparing for Your Financial Future” is a dynamic and engaging session that provides students with the confidence and basic financial information that can put them on the path to financial stability in their life after graduation.   

The course is usually booked by a professor or school representative and takes place in a classroom or auditorium.

"The students were so engaged and grateful for this session.  It really changed them for the better and gave them the confidence they needed to think about this part of their life." ~ Krisha Marcano Assistant Dean, Theater Arts, UNCSCA

           
 

Academic research into student literacy says it all . . .

A recent study from NASFAA (the National Association of Student Financial Aid Administrators) based on more than 104,000 higher education students in 44 states, note the following excerpt from its 2018 report’s opening statement: 

"The financial capability of students in higher education has found that these young adults are accruing high levels of student loan and credit card debt, displaying poor understanding of financial topics, experiencing financial stress and anxiety, and becoming less proactive and responsible in their goals and plans for the future." 


* Less than 20% of respondents answered 2 or more questions correctly on a 6 question basic financial literacy test.
* 59 % of all students experience high levels of stress when thinking about managing finances after graduation.
 
Excerpt from report conclusion:
"Financial literacy education can improve knowledge, attitudes, and behaviors related to personal finance management and increase student’s feeling of self-efficacy and reduce the distress they experience."