A council appointed by President Barack Obama to find and suggest means to improve the financial competencies of young people has cited a University of Notre Dame initiative as a model program in the education sector.
Notre Dame’s Saving for College program is on the recommended list of proven and promising financial capability programs, tools and resources singled out by the President’s Council on Financial Capability for Young Americans, which released its report last week.
The council was established in June 2013 to provide President Obama and Secretary of the Treasury Jacob J. Lew with ways to build the financial knowledge and skills of young Americans. The report includes recommendations for government, individual commitments to action and best practices for improving financial capability, including those associated with the cost of attending college.
The Saving for College program informs families on the benefits of saving for college early and regularly through onsite small group parent sessions, classroom student sessions, webinars and newsletters and article briefs. Its website features information and materials on planning and creating a college savings strategy and resources for educators and community leaders to use in their outreach.
The council’s full report is available here.