Society for Financial Education & Professional Development (SFEPD) Will Teach Financial Education at Hampton University

Courtesy of Hampton University

The Society for Financial Education and Professional Development (SFEPD)and Hampton University announced a comprehensive initiative to teach financial education to the Hampton Universitycommunity.  

Appointed as president of Hampton University¬†on July 1st, Williams is bringing new¬†and¬†innovative approachesto¬†academics, including a strong¬†focus on¬†financial education, preparing students for¬†financial¬†success after graduation,¬†and wealth creation.¬†One of the nation‚Äôs premier HBCUs, Hampton University is a private research university, known for its business, communications, and nursing programs.¬†According to Williams, Hampton University¬†will¬†work to¬†eradicatea¬†void¬†in college education¬†by¬†ensuring¬†a holistic approach to teaching financial skills at the university and in the community.¬†‚ÄúToo many college students¬†receivean¬†educational degree but do not acquire the financial skills that encourage economic health throughout¬†their¬†lives,‚ÄĚ Williams said.¬†‚ÄúBy¬†working¬†with SFEPD, we aim to eradicate¬†the¬†wealth¬†and¬†financial¬†knowledge¬†gapat Hampton University.¬†Additionally, implementing a campus-wide financial literacy program will add value to our students‚Äô degrees.‚Ä̬†¬†

SFEPD, a leader in the financial education movement, has taught personal financial management skills at historically Black colleges and universities (HBCUs) for nearly 25 years, but the project with Hampton University marks the first time SFEPD will train students, parents, staff, administrators, and the surrounding local community.  

‚ÄúWe applaud Hampton University‚Äôs President Darrell K. Williams for his vision and commitment to making sure financial knowledge and skills are taught to individuals throughout the university,‚ÄĚ said Ted Daniels, SFEPD‚Äôs founder and president. ‚ÄúFinancial literacy skills are essential to managing money wisely and to foster economic growth, especially in underserved communities not exposed to the intricacies of personal money management.‚Ä̬†¬†

SFEPD will offer an array of financial literacy training programs at Hampton University including three of SFEPD’s signature programs: 

An SFEPD Student Ambassador Program 

  • A successful¬†program¬†that¬†trains¬†HBCU¬†college students to teach their peers¬†to¬†manage¬†their¬†finances better and build wealth. SFEPD trains Student Ambassadors in financial¬†concepts to enable them to lead and teach engaging classes to fellow students.¬†SFEPD‚Äôs financial educators and¬†HBCU business school professors help¬†Ambassadors to¬†create workshops¬†and events¬†for¬†students and local communities, and¬†in turn,¬†the Ambassadors¬†develop leadership skills and¬†serve¬†as¬†champions of¬†financial literacy.¬†

‚ÄúMind Over Money¬†Skills‚ÄĚProgram¬†

  • SFEPD‚Äôs‚ÄúMind Over Money Skills‚ÄĚ Program,¬†a¬†series of¬†customized financial education and professional development seminars and workshops,¬†is¬†tailored for¬†underserved populations andlower-income¬†individuals.SFEPD will offer¬†Credit Management and Student Loan Management,¬†Personal Money Management,¬†Investor Education, and¬†Homeownership¬†seminars at Hampton University.¬†[Text Wrapping Break]¬†

FinancialLiteracy Certificate Program  

  • Through a collaboration with the American College of Financial Services¬†(ACFS),¬†SFEPD offers¬†supportive¬†opportunities¬†for¬†HBCU students.Through the¬†Know Yourself, Grow Your¬†WealthSMinitiative,¬†Hampton students,¬†parents,¬†faculty, staff, and administrators¬†can¬†earn¬†a financial education certificate,¬†which¬†adds¬†to their knowledge and professional development skills.¬†

¬†As broad sectors of the U.S. population¬†confront¬†economic hardships,¬†more emphasis¬†must¬†be¬†placed¬†on¬†guaranteeing that¬†financial¬†knowledge and skills are available¬†for those who need it the most, Daniels said.¬†‚ÄúThis¬†is essential¬†in¬†communities of color who often live paycheck to paycheck¬†with¬†low savings and¬†homeownership¬†rates; however,¬†SFEPD‚Äôs¬†financial literacy¬†programswill¬†giveHampton¬†University¬†and the¬†community¬†tools¬†to¬†manage their money well.‚Ä̬†¬†