Student Edition Outline
The Student Financial Lab is an interactive web-based financial life skills program for students entering college. The program is designed to help students develop a mature understanding of financial topics so they can make responsible financial decisions.
The program is divided into 12 self-study chapters. Each life skill chapter has multiple study lessons that will focus on a specific topic. All self-study life skills chapters are written in an easy-to-understand format with information that provides a stress-free way to learn.
Each self-study life skill chapter is followed by a chapter review, in the form of a quiz. All 12 life skills chapters present learning elements and concepts that help increase financial awareness. At the end of the program, there is a Final Exam that has 60 multiple-choice and true/false questions to be completed. The student must take the final exam online and achieve a score of 70% or above to receive their Completion Certificate.
The Student Financial Lab is available in a printed workbook, as a CD-ROM or as a complete online program. The life skills chapters are as follows:
- Introduction: Choosing Wisely
- Chapter 1: Setting Financial Goals
- Chapter 2: Managing Your Money
- Chapter 3: Saving and Investing Money
- Chapter 4: About Checking Accounts
- Chapter 5: Basics of Credit Cards
- Chapter 6: Focus on Debt
- Chapter 7: Wise Use of Credit
- Chapter 8: Credit Reports and Their Effects
- Chapter 9: Consumer Financial Awareness
- Chapter 10:The Keys to Buying and Leasing
- Chapter 11:Guide to Insurance Basics
- Chapter 12:Being a Responsible Adult
- Online Budget Development Tool
- Budget Analysis and Personal Spending Plan
Students who successfully complete the 12 chapter program and pass the three parts of the final exam, will be provided with the ability to develop an online household budget that will compare the student's spending patterns against U.S. government recommended spending ranges. The student will then be provided with a Personal Spending Plan for use in improving their personal financial situation.
