As the school year came to a close, students all across North America submitted blog posts and we have selected our winners for May’s Student of the Month contest. We are proud to share this student’s inspiring story about the impact EverFi’s financial literacy courses has had.
Longley P. from Von Steuben Metropolitan High School said:
The EverFi program had a personal impact on my life and the decisions that I will make moving forward by introducing me the fundamentals in the economy; what it is, how you use it, and why you use it. Some things that this program introduced were: savings, or the process of saving money while earning more money at the same time; banking, or the process of how banks work in savings, interests, and special fees; payments: the different types and their advantages and disadvantages, like cash or paper, which accrues no interest but maintains lots of control, and plastic debit or credit cards, direct withdrawal from account and a loan from the bank to pay later, respectively; debt, or money owed to someone, how to pay it back and stay out of it; Future investments for higher education, your first car, a house, etc.; insurance, or how to be protected from debt in case of an incident; privacy, or how to protect yourself from identity theft.
The program has changed my attitude or behavior by guiding me in reevaluating the value and meaning of money, helping me understand why the world loves earning and spending money for their own benefits, both long-term and short-term, rather than just spending on what they desire. My future goal is to exceed expectations of me in high school, and especially excel in the computer science field to become a software developer specializing in video games. I want to pursue this because the generation today focuses so much on gaming, making it an activity that I want to take to the next level. The EverFi course I completed will help prepare me to achieve my goal by giving me a conscience inside my mind that is specialized in handling my finances, which will help me invest in my future goals. This course also helped me understand how to not spend money irrationally, and instead spending it on something that will get me closer to my future goal of working in gaming education.
I have seen most of my family members spend money in the least beneficial way, on scams such as free giveaways with fees, spending it to only feed their wants, like on cigars, and spending more than what’s needed. Knowing the difference between necessities and wants is crucial. Now that I have completed this course, the first set of actions that I will focus on will be to help my entire family (mother, father, siblings, aunts, uncles, cousins, etc.) set up a budget, determine what they need and what they don’t need, help them look at their current budget that lead them to debt and then their budget that will get them out of debt, as well as how much money they could have been saving all this time for future investments. Then, I will help reconcile all of their statements in order to make sure they got the message and see if there were any unusual activities. By doing this my family will be able to live much more comfortably and maybe get new cars, invest in a home, and live in a much safer, cleaner environment.
As of July 1st, federal legislation has gone into effect requiring all colleges and universities to offer “primary prevention and awareness programs” to all incoming students and employees, as well as “ongoing prevention and awareness campaigns” – all dedicated to help address campus sexual assault.
These guidelines are part of the Clery Act, put in place by the 2013 reauthorization of the Violence Against Women Act. Many refer to these Clery Act amendments as the Campus SaVE Act, and they will be enforced by the Department of Education in addition to all requirements of Title IX.
As institutional leadership consider these mandates, and what they mean for their students, faculty, staff, and institution, we’ve compiled a free guidebook to help institutions meet and exceed compliance. In addition, we will be hosting a webinar on this topic on Wednesday, August 5th, from 2 to 3 PM (EST).
The oft-cited statistics that 20-25% of college women (and 3-6% of college men) will experience sexual assault during their time on campus, albeit horrific, are only numbers. These numbers represent thousands of women and men whose lives are drastically affected by preventable violence and abuse. Depression, PTSD, anxiety, eating disorders, suicide, substance abuse, harmed social/intimate relationships, poor academic performance, higher rates of dropping out, and heightened risk for future victimization are among the potential fallout.
Beyond the physical, mental, and emotional toll sexual assault has on survivors, the impact of violence on higher education institutions is significant in multiple mission-critical domains: student attrition, reputational repercussions, enrollment, litigation costs, federal investigations tied to fines and funding cuts, more staff time, and increased demand for services. In fact, a report from the White House Task Force to Protect Students from Sexual Assault estimated a total economic cost of $87,000 to $241,000 per rape, while a recent study by United Educators cited $17M in losses to colleges and universities for sexual assault claims resulting in litigation (an average of $200,000 for defending/resolving each claim). To put this into perspective, a recent EverFi analysis found that the average campus sexual assault prevention budget is under $30,000.
As federal and state lawmakers continue to confront these issues, and mandates from Title IX, the Clery Act, and other pending legislation continue to evolve, institutions will require a more thorough and holistic approach to their sexual assault prevention efforts.
As part of our guidebook, we’ve compiled a list of key requirements from both the Clery Act and Title IX so that you can review your current efforts and ensure your institution is taking a best practice approach to create safer, healthier campus communities. Download our Clery Act and Title IX guidebook today, and learn how to meet and exceed the new compliance mandates.
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