The good news in Texas is that student debt has not reached national levels. The bad news is that Texas student debt is on the rise at a rate of eight to nine percent annually. At this pace, student debt will become a deterrent to much larger numbers of Texans making decisions about pursuing higher education.
To help address this issue, Texas launched 60x30TX, the state’s 15-year strategic plan that has four student-centered goals, including a goal to better manage student debt. In alignment with 60x30TX, the College Readiness and Success (CRS) Division of the Texas Higher Education Coordinating Board is developing a program to provide financial literacy resources to students and parents. CRS will identify and promote the best financial education resources already available at no cost to the user.
Today there are more financial literacy information options available than ever before. However, getting the available information to the appropriate audiences when it is most needed remains a challenge. An even greater challenge is getting the recipients of the information to translate the messages into behavioral change. CRS would like to collaborate with institutions of higher education, public schools, education service centers, and other community and business partners to meet these challenges.
You have probably heard the saying, “A penny for your thoughts.” CRS would like you to share with us your favorite financial literacy resources and the delivery methods you have found to be most effective. Please also indicate the audiences (parents, high school students, college students, educators, etc.) you believe benefit most from the resources you recommend. Some no-cost financial literacy resources identified thus far include:
- FDIC’s Money Smart Program
- Foundations U ®
- High School Financial Planning Program
- TG Student Financial Education Program
Recommendations may be sent to: email@example.com.
College Readiness and Success fosters access, preparation, participation, and completion of a higher education credential of value for all people that reside in Texas.
About Kammi Contreras:
Kammi began her career at the Texas Higher Education Coordinating Board in 1993, working in the division responsible for the administration of Texas student loan programs. Currently, as part of the College Readiness and Success Division, Kammi’s responsibilities include oversight of the State’s student complaint process, support of the Apply Texas online application program, and development of the financial literacy initiative. Kammi earned her BA in Radio -Television with an emphasis in Interpersonal and Public Communication from Purdue University.