Maps Partners with WOU to Bring Financial Literacy to University’s Mentoring Program
March 26, 2013
March 26, 2013
Western Oregon University (WOU) students will now have access to financial literacy training thanks to a partnership announced recently with Maps Credit Union.
Maps invested $50,000 to fund scholarships for student peer mentors at WOU, growing the number of student mentors in the 12-year-old program from 15 to 43 and allowing one mentor to be assigned to each of the university’s residence hall living communities.
The university, in turn, will add a financial literacy component to the mentoring program’s curriculum, and Maps will provide workshops for students and “train the trainer” instruction for the 43 peer mentors, giving the program the capacity to improve financial literacy for more than 1,200 students currently living on campus.
“I would personally like to applaud Maps for joining us in delivering this critically important educational program for our students,” said WOU President Mark Weiss. “Financial literacy is a skill that will serve WOU students well both during their college experience and after graduation as they build their careers and families. We are grateful to Maps for their investment and have confidence in this important partnership.”
WOU’s Peer Mentor program is managed through a collaboration between the university’s Student Health and Counseling Center and University Housing that is focused on student success and graduation.
Following a selection process, Maps’ peer mentors receive specialized training from Student Health and Counseling Center counselors to serve as the front line of support to assist students. Through educational-based programs, Maps’ peer mentors promote healthy lifestyles, provide wellness workshops and assist freshmen with the transition to college. To expand healthy living, assistance will now include teaching and promoting financial literacy.
“Maps loves the Peer Mentor Program’s commitment to increase financial literacy by training today’s students in skills they will use for the rest of their lives,” said Jill Nowacki, vice president of development for Maps. “Building financial literacy not only increases the chances of these students finishing school, but of them graduating with less debt, making smarter financial decisions throughout life, and teaching future generations how to better manage money.”
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