Program Objectives

As experts in providing behavior-based, financial education to tens of thousands of Americans in school, as well as in the workplace, Financial Coaching and Counseling, LLC (FCC) and OneSource Educational Development Corporation (OneSource) realize how important it is to provide quality financial knowledge and skills and financial technology tools to college students as early in their college experience as possible. By working with colleges to expose students to The Student Financial Lab program, students are provided a solid foundation in managing their money, debt and credit before they develop poor spending habits that can affect their ability to achieve their educational goals. The Student Financial Lab also provides students with a Personal Spending Plan that allows them to put their newly acquired knowledge and skills into action in their lives...immediately.

Key Objectives of the program are:

• Educate each first-term student as to the importance of making wise financial choices;
• Provide students with tools which will enable them to avoid financial difficulties, the #1 reason for students leaving college before completing their educational goals;
• Provide each student with an analysis of their spending patterns that flows into a Personal Spending Plan they can implement immediately and utilize throughout their life;
• Quantify each participant's improvement in financial knowledge and provide the results to the student and their college;
• Work with colleges to easily integrate The Student Financial Lab into orientation programs that assist students to effectively transition into college life;
• Generate student retention improvements for participating colleges;

Desired Results: To create a new, more financially responsible student who achieves his or her college goals and to assist colleges to reduce the costs associated with recruitment and retention.