Financial Education News & Events



::Understanding Your Credit Score: a lesson plan for adult learners::


Thumbnail of Understanding Your Credit Score lesson plan and corresponding guide.Oklahoma Money Matters (OKMM), the financial literacy initiative of the Oklahoma College Assistance Program and the Oklahoma State Regents for Higher Education, is proud to announce the newest addition to our financial education library, Understanding Your Credit Score, a lesson plan for adult learners. 

Understanding Your Credit Score was carefully crafted with the economically vulnerable learner in mind and is divided into five sections to allow for more flexible utilization. Each section concludes with an application exercise and bonus material that complements the lesson. Participants will explore the factors that make up a credit score, learn how to access and review their credit reports, discover strategies for reducing debt, and learn the importance of making wise financial decisions that can help them reach their financial goals.

Both the Understanding Your Credit Score lesson plan and its corresponding Your Money Matters: Your Money, Your Way guide can be downloaded for FREE of charge from the resources page of OKMM’s website.

OKMM also offers free workshops that highlight practical ways for adults to manage their money, even if they’ve reached a financial crisis point. Workshops are customizable and include topics such as:

  • Establishing an effective budget
  • Managing credit
  • Preventing identity theft
  • Saving for expenses and emergencies
  • Paying for continuing education and navigating the financial aid process

If you would like to schedule a workshop, request materials, or learn how OKMM can help you incorporate personal finance education within your existing service structure, please email OklahomaMoneyMatters@ocap.org or contact us at 405.234.4415 or 800.970.OKMM (toll-free).


::Train-the-Trainer Workshop: Borrow Smart from the Start::


Do you help students plan for college? Do you need help understanding federal student loans so you can better serve your students? If so, we can help.

Join Oklahoma Money Matters, the financial literacy initiative of the Oklahoma College Assistance Program (formerly the Oklahoma Guaranteed Student Loan Program) on Tuesday, Aug. 14, from 9 a.m. to 3:30 p.m. for Borrow Smart from the Start: Teaching Students to Successfully Navigate Student Loans.

This informative train-the-trainer workshop is based on our popular student loan repayment brochure, Borrow Smart from the Start. During this session, we will equip you with educational tools and resources, and discuss the basics of federal student loans, including the application process, repayment options, borrowing pitfalls, and other topics that can help you educate your students about making wise student loan borrowing decisions.

Space is limited, so register today. If you have questions, please contact us at OklahomaMoneyMatters@ocap.org or call 405-234-4272.


::Ready Set Repay Offers New Videos::

Ready Set Repay, the default prevention initiative of the Oklahoma College Assistance Program (OCAP), strives to help student loan borrowers make smart borrowing decisions and successfully repay their student loans. We receive a lot of questions about paying for school and repaying student loans, so we've developed and updated videos answering some of our most frequently asked questions:

These short videos outline specific steps to address these common issues. The videos are available on OCAP’s YouTube Channel  and on the Videos page  at ReadySetRepay.org. Feel free to share these videos or link to them from your website.


::Oklahoma Money Matters Offers New Video: What Factors Determine Your Credit Score?::

Oklahoma Money Matters, the financial education initiative of the Oklahoma College Assistance Program (OCAP), strives to help people take control of their money and make positive financial choices. Learning to manage credit is a crucial piece of the personal finance puzzle, so we created What Factors Determine Your Credit Score?, a short video that explains the six basic categories that factor into your credit score and simple steps you can take to maintain a positive credit history.

The video is available on OCAP’s YouTube Channel and on the Videos page at OklahomaMoneyMatters.org. Feel free to share this video or link to it from your website. 

Credit Factors video thumbnail

 


::Fall into Financial Freedom: Schedule a Financial Workshop this Fall::

If you ask your students what “financial freedom” means to them, they’ll give an array of answers – some more defined than others. Help them find financial success by partnering with Oklahoma Money Matters (OKMM) to host a personal finance workshop. Not only will personal finance education help your students plan for life during and after college, it may also help them succeed in class and boost retention efforts on your campus. If you’re in charge of planning fall classes, seminars and workshops and agree that financial education is a critical element of student success, OKMM would love to help.

For 13 years, OKMM has provided relevant, engaging information and materials to help students make wise financial decisions. Our free workshops explore living on a college budget, saving money, understanding credit, preventing identity theft and managing student loans and financial aid. To complement our customizable presentations, we offer online learning modules, downloadable lesson plans and activities and access to free online tools and resources.

To schedule a workshop on your campus or request more information, contact Ava Doyle at 405.234.4488 or adoyle@ocap.org to discuss your needs. Workshops are subject to staff availability. Schedule yours today! 

 

 

::OCAP’s Partnership with Student Connections is an Investment in Student Success::

The Oklahoma College Assistance Program (OCAP) recognizes the impact default prevention has on the mutual success of institutions and borrowers. Helping schools excel in this area is what led Mary Heid, OCAP’s executive director, to work with Student Connections, a nonprofit affiliate of USA Funds focused on enhancing student success in college and career. Under Heid’s leadership, OCAP forged an arrangement with Student Connections to provide default rate management support to 26 Oklahoma campuses with CDRs (cohort default rates) above 10 percent. The agreement provides the schools with the ability to offer comprehensive grace period and default prevention counseling to their borrowers.

Since OCAP began working with Student Connections, it has seen marked improvements in beneficiary school CDRs. “Our schools all seem extremely happy with the service we’ve been able to offer them through Student Connections,” said Heid. “Our state CDR rate has been declining at a greater pace than the national rate, which makes us feel really good that our service is working.”

Student Connections grace counseling informs borrowers of all options, which may include a return to school. In all cases, the objective is to determine the course of action best for the borrower’s individual circumstances. Since the OCAP partnership with Student Connections began, students who underwent grace counseling were more than 40 percent less likely to enter delinquency on their student loans.

Whether it’s measured in reduced default and delinquency rates or in the hundreds of millions of cured federal loan dollars, it’s clear the OCAP-Student Connections partnership has helped preserve the value proposition of higher education in Oklahoma. As Heid says, “I think this investment in our students and institutions is rather unique, and we are very pleased that we’ve been able to do that with an industry partner that shares our vision of student success.”

Read more about the Student Connections-OCAP partnership at the Student Connections website.