iGrad’s platform at CSU includes personalized, interactive media content and tools on everything from building good credit, budgeting and money management, to debt management and loan calculators. iGrad is currently used by more than 600 public and private colleges and universities of all sizes, including Columbia University, Central Michigan University, New York University, and Davidson College.
The SSS program is one of eight TRIO grant-funded programs offered by the U.S. Department of Education. The TRIO/SSS program is designed to help first-generation college and/or low-income students progress toward graduation. Over 500 students are enrolled in the CSU TRIO/SSS program.
“iGrad was selected because of its ease of use, available content, and ability for our students to navigate incredible resources at their own pace,” said Cullin Fish, CSU TRIO/Student Support Assistant Manager. Services. “The financial wellness and skills iGrad showcases are critical to student success because of the impact financial challenges can have on a student’s daily life. We look forward to our students use iGrad and all that goes with it to help grow our student population in this critical area.
Research shows that student financial literacy programs can reduce financial stress, improve academic performance, and teach students how to manage their finances for life.
Strengthening students’ financial literacy has become a high priority as many colleges and universities experience declining enrollment and graduation rates:
● Since the start of the pandemic, college enrollment has fallen 5.1%, with “unprecedented” declines among students in low-income or very poor high schools, according to a report by the National Student Clearinghouse Research Center.
● Data from the National Center for Education Statistics shows that even before the pandemic, the graduation rate for all students nationwide was only around 62%. For low-income students, like those in TRIO programs, the numbers are even worse, with only 21% graduating in six years.
“The pandemic has hit first-generation and low-income students particularly hard,” said Donna Miller, iGrad’s vice president of business development. “It’s important for students, especially those in vulnerable populations, to understand financial aid, student loans, budgeting, credit scores and more. Increased financial literacy can have a positive impact on students not just while they’re in college, but for life.
iGrad is a San Diego-based financial technology company that provides artificial intelligence-powered financial wellness solutions to more than 600 colleges and universities, more than 20,000 employers, and more than 300 financial institutions. iGrad’s Your Money Personality™ was recently recognized by the Institute for Financial Literacy with the 2020 Excellence in Financial Literacy Education (EIFLE) Adult Education Program of the Year award. iGrad is one of three 2020 winners of the inaugural Barron’s Celebrates: Financial Empowerment, having been selected by a team of judges for its contributions to improving the financial health and security of Americans. iGrad was also awarded the 2019 Eddy Award for Financial Wellbeing by Pensions & Investments for its Enrich platform. For more information on the iGrad platform, visit https://www.igradfinancialwellness.com. For more information on the Enrich platform for employers and financial institutions, visit https://www.enrich.org.