Students Learn about Financial Issues at Workshop

Wesleyan’s McNair, Hughes, Mellon Mays and graduate students attended an informational financial management workshop July 22. 
Posted 08/06/08
Twenty-two students had the opportunity to learn about the do’s and don’ts of personal finance during a financial management workshop July 22.

The Financial Management for College and Graduate Students Program, sponsored by Wesleyan’s Ronald E. McNair Program, featured guests from the Connecticut-based American Eagle Federal Credit Union. The credit union employees delivered presentations on budgeting, savings, auto financing, credit cards, banking practices and credit history.

“The workshop gave students an opportunity to better understand how to mange their personal finances as well as gain insight into how to correct some of the negative things that may be on their credit report,” explains Santos Cayetano, associate director of the McNair Program. “It also gave them knowledge on how to avoid negative credit and the proper usage of credit cards.”

The event was attended by students enrolled in Wesleyan’s McNair, Hughes, Mellon Mays, and Graduate Studies programs. Following the session, several students requested an in-depth session on credit cards and debt.

The McNair program, funded by the U.S. Department of Education, serves students who are first generation college students from low-income families, or African-American, Hispanic, Native Hawaiian or other Pacific Islander, or Native American. The program assists students from these under-represented groups in preparing for, entering, and progressing successfully through post-graduate education.

“This was a successful event that brought together several summer programs to take advantage of resources and knowledge that benefits all,” Caytano says. “The students appeared to have gained a better understanding of managing their finances and the impact of negative credit.”

By Olivia Drake, The Wesleyan Connection editor. Photos by Richard Marinelli.