Outline:

1.  Planning Phase – 1 to 3 months

·         Identifying financial literacy is an issue amongst our students

·         Review financial struggles and common questions students may have about student loans, credit cards, and other financial dilemmas.

·         Deliberate and discuss a plan/ program that will benefit our students

·         Apply the project-based learning approach to students who are having financial difficulty with paying for classes

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2.  Creation Phase – 3 to 9 months

·         Present different ideas and plans to the department of Financial Aid and Scholarships

·         Launch the New Money Management program to the university (February 2022)

·         Create and set up different financial literacy events for students to be a part of (student success fair, red talk presentation, graduation fair)

·         Partner with different local financial communities to provide expert assistance (Identity Theft 101, Income Tax Assistance, and Let’s Talk Credit)

·         Implement a “Financial Aid Tips” page to each student’s self-service banner

·         Add a graphical chart to the new self-service banner that explains the basic principles of financial aid.

·         Initiate link to the self-service banner that list all the federally funded programs and scholarships and how to apply

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3.  Review Phase – 9 to 12 months

·         Promoted to Debt Management Coordinator

·         Review information on financial growth and mindset of the students to build rapport

·         Research and review different reports with finance team that will highlight certain criteria (delinquent students, readmission students)

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4.  Expansion Phase – 12 to 16 months

·         Implement new opportunities to expand learning financial literacy

·         Counsel students by going over their financial situation

·         Utilize the different questionnaires listed in the literature review (college loan, salary, and credit cards)

·         Consider an incentive award for students who attend the money management workshops (gift cards and a scholarship)

 

5.  Improvement Phase – 16 to 20 months

·         Review and deliberate with finance team to ensure the process is working

·         Review interactive feedback with the department and other colleagues

·         Explore options for evolving that will enhance growth in the money management program

·          Consider feedback amongst our students by submitting an anonymous survey

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6.  Measurement Phase 20 to 24 months

·         Document and review data outcomes to ensure improvement is being made

·         Contact students who have recently graduated and determine their financial outcome

·         Compare data from the start of the project to current (surveys, feedback, and reports)

·         Discuss future innovations, improvements, and projects with the finance department

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Things to Know

• What are your subject, level of instruction, and intended audience?

The subject I intend to focus on is the importance of financial literacy and the effect it has on college students. Being that I am a financial aid counselor at University, my intended audience will be for college students. 

 

• What are the key institutional documents (i.e. syllabus, outline, accreditation standards, etc.) that will influence your design process? 

The key institutional documents I will use for my design is an online accreditation standard administered by Lamar University and the Dept of Education. All programs providing knowledge about financial aid entities must be approved by the DOE. 

 

• Are you using competency-based education (CBE) or outcome-based education (OBE)? Why? I will be utilizing the OBE Outcome- Based education because there is a specific emphasis placed on a certain topic or idea which is financial literacy. Students are expected to know the basic standards and regulations about financial aid, in order to be awarded Title IV funds for tuition. 

 

• What design approach have you chosen? Why?

The plan is to utilize an online blended learning approach aimed to provide students with practical experiences in developing and evaluating financial literacy learning.  

 

 

• How will you balance assessment Or/For/As learning? 

I will balance the assessment by using a formative assessment, this will allow students to reflect and monitor their progress to inform their future learning goals. By using a system that mixes periodic, and testing with day to day coaching sessions. 

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• Are you moving your learners into deeper learning? If not, why not? Yes, financial literacy as a hole is considered to be deeper learning because it’s something that not everybody has but we all need. 

 

• Who controls the learning?

The student will control their learning. Since this is not a required course to obtain a grade or certification. The learning will be self -paced hands on. Counselors will be there for guidance and emotional support.