New CofC initiative focused on the financial well-being of students

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You probably think about your physical and mental health, but how often do you think about your financial health?

Ironically, your financial health has a direct impact on your physical and mental health. A bad financial situation can cause tremendous stress and is the second most common reason students leave college.

To help College of Charleston students ease their financial woes and overcome obstacles to achieving their career goals, the Career center throw it Financial wellness initiative (FWI) on November 8, 2021, in support of the College’s strategic plan.

Set up by Jim allison, Director General of the College’s Career Center, and Michael lee, MBA candidate and Career Center graduate assistant, FWI will provide support and resources to students through community members from Charleston and iGrad, software designed specifically for universities.

“I am really excited about this new initiative,” says Allison. “Finances have proven to be a barrier for students when pursuing internships and career goals. Being able to give students an understanding of financial decision making and how to make sound financial decisions will allow them to better navigate their academic career and academic progression.

Allison points out that in order to get the most out of the program, students should take advantage of FWI in their first year in college. This way, they have a foundation on which to make sound financial decisions throughout their time at CofC and throughout their careers.

For Lee, being involved in the project gave him the opportunity to work with local financial institutions that will serve as resources for the students.

“Financial institutions are excited about the opportunity to develop long-term relationships while demonstrating that they are good corporate citizens,” says Lee, who worked at South State Bank as a personal banker before coming to the bank. Middle School.

Thanks to Allison and Lee, Truist, JPMorgan Chase & Co., CommonWealth and Wells Fargo are on board to serve as student resources.

For the launch of FWI, financial institutions and the Career Center will be at the Cougar Mall from 1 p.m. to 3:30 p.m. to share program information and answer questions about the iGrad software, accessible from a desktop or mobile phone. . From 5:30 p.m. to 6:30 p.m., representatives of partner financial institutions will participate in an event via Zoom to talk about the resources they have and how they will work with FWI. Students can access the event through the Financial Wellness Meeting registration form.

In the spring, Lee will serve as a student advisor, but this fall he learned the ins and outs of student financial needs and the work it takes to launch a new initiative.

“I gained a perspective on student life and the needs of students,” he says. “It’s exciting to launch something like the Financial Wellness Initiative and build momentum. “

To learn more about the Financial Wellness Initiative, the November 8 launch events and upcoming workshops, visit Financial Well-Being Website.


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