Western Washington University (WWU) has recently launched a financial literacy initiative geared towards teaching students about fiscal decision-making. In a donation of $3.5 million by finance expert and alumnus, Paul Merriman, this initiative comes to light. The intent of this program is to instill knowledge on budgeting, investing, student loans, and retirement planning, as part of the student’s academic journey.
This generous donation by Merriman is a testament to his commitment to helping his alma mater by equipping students with necessary financial knowledge. Now, every student will have free access to an innovative digital financial literacy learning platform, iGrad, strengthening WWU’s existing financial education program.
Planned to launch next quarter, is the introduction of a student peer mentorship scheme, workshops, and seminars. These resources are not only designed to boost the success of this education project but also to cultivate an inclusive and supportive learning community. Helpline will be established, ensuring students get support where and when necessary.
Emphasizing the importance of finance understanding, Eric Wehrly, program leader, advocates for the integration of these skills into daily routines and decisions. Wehrly’s vision is to nurture a financially aware and responsible society. He firmly believes proper financial literacy can lead to financial stability and success in individuals’ lives.
The iGrad platform is a groundbreaking feature of this program. It offers a wealth of courses and resources guiding students towards responsible financial decisions. The iGrad is constructed with modules such as debt management, budgeting, and investing, consequently fostering balanced financial behaviour amongst students.
Kicking off in the upcoming spring will be the mentorship scheme, offering personalized financial education advice through one-on-one sessions and campus workshops. Experienced professionals from the finance industry will guide students on areas such as budgeting, savings, investing, and more. Through the help of these workshops, students will be able to clarify their queries and share their experiences, thereby, enhancing their learning.
The ultimate goal of this initiative is to empower students with valuable financial management skills, setting them on a path for future financial independence. In conclusion, with the introduction of iGrad platform and the mentorship scheme, WWU is making financial literacy an easily attainable and practical skillset for all its students.
