Financial Aid & Financial Literacy Experts
About This Show
In each episode of iGrad's Financial Aid & Financial Literacy Podcast, we interview key trendsetters in college financial aid. These episodes are crafted to help College Administrators identify innovative ideas and best practices which can be implemented at their institution. Key topics include: student loan entrance & exit counseling, financial literacy education, default prevention & default management, scholarships & general financial aid best practices.
More information can be found at http://www.iGrad.com.
Most Recent Episode
Financial Aid Podcast: Financial Literacy Program – Mike Fife
Jun 20 13
In our third Financial Aid Podcast episode, we interview Mike Fife, LEAD Financial Sophistication Coordinator at Champlain College. Mike talks about the financial literacy program at Champlain College as well as the surprising strategies which have had the biggest impact on its success.
LEAD Financial Sophistication Coordinator
Kris: Hi this is Kris Alban, with another installment of our financial aid and financial literacy podcast. With me on this session is Mike Fife who is the lead financial sophistication coordinator at Champlain College. Mike formally worked as a 101 debt counsellor at the Consumer Credit Counselling Services of Vermont, which is where he originally established his financial literacy passion and background. So we’re going to talk a little bit about the good things that they are doing over at Champlain College. In fact one of the original things that drew my attention on what they are doing is a lot of the media coverage they were getting. So I started thinking that that’s a great way to build organizational support for initiatives at your campus. A lot of college administrators that I speak with really have trouble getting that organizational support to carry out their initiatives. So we’ll talk a little bit about that, but first I wanted to say hi Mike, how are you doing?
Mike: Pretty good, thank you.
Kris: Thanks for joining me. And I think the first thing we want to do is start out talking just give everyone a background of the LEAD program and your particular role in that program.
Mike: Sure, so the LEAD Program is a non-credit bearing program that we have at Champlain. It’s pretty distinctive to Champlain College. It’s a life-skills curriculum. It is a required portion of students’ experience here at Champlain. But it isn’t for credit, so all students participate in LEAD. If they don’t participate, they can’t register for classes their next semester. So there are three pieces of LEAD. There’s Life-long Career Management, there’s Engaged Citizenship and then finally Financial Sophistication which is the portion that I run. In each year students have different requirements in each section that they have to fulfil. My portion of that requirement is of course the Financial Sophistication piece. And each year students have one requirement so they can participate in any of the series of events or workshops to fulfil that requirement. They can go to a workshop on budgeting