St. Ambrose is partnering with the Iowa College Student Aid Commission (Iowa College Aid) to offer students instruction and assessment in core financial literacy and student loan debt management topics. The online program will help Ambrose students better understand personal finances and the student loan process in order to make well-informed decisions.
"With topics such as student loans, savings, credit reports and banking, this program will help our students better understand key financial concepts to better manage their money," said Tim Phillips, dean of students and associate vice president. "We want our students to be knowledgeable about their finances both now and throughout their lifetime."
St. Ambrose is the second university in Iowa to adopt the program.
The program was developed by EverFi, Inc., the leading education technology platform, to directly tackle the nation's trillion-dollar student loan crisis. Called ButtonwoodTM, the program includes a simulation that is personalized for each student user, allowing him or her to make financial decisions in virtual environments that directly reflect real-life situations.
The Iowa College Student Aid Commission (Iowa College Aid) provides college access, financial literacy, scholarships and grants, work study and loan forgiveness programs and outreach services to Iowa's students and families as they prepare, plan and pay for college.