College often is the first time young adults will be faced with management of their finances. Helping students improve their financial management skills is one reason why financial counseling services for students, such as those offered by Kansas State University’s Powercat Financial Counseling, are a growing trend on campuses.
It’s also why Sonya Britt, assistant professor of personal financial planning at Kansas State University’s School of Family Studies and Human Services, co-edited a new book to help colleges, universities and other institutions establish or improve financial literacy for students.
Britt and Dottie Durband, associate professor of personal financial planning at Texas Tech University, are co-editors of “Student Financial Literacy: Campus Based Program Development,” which was released this spring by Springer. Durband also is director of Texas Tech’s student financial counseling program, Red to Black.
“While I was a Ph.D. student at Texas Tech University, I served as the assistant director of Red to Black, a peer-based financial counseling center for students that is similar to Powercat Financial Counseling at K-State,” Britt said. “Dottie and I were always getting calls from people who wanted to start a similar program at their school.
But there was no resource for the other schools, so we decided to write a book about the need for student financial counseling programs and how to start one.”
The target market for the book is people who are interested in improving or establishing financial counseling resources at their institution.
It includes several chapters written by faculty from Kansas State University’s personal financial planning program and the director of Powercat Financial Counseling.