MANHATTAN —All In for K-State, the university’s day of giving, is raising funds on March 22 to bring financial education to all new students, equipping them with the knowledge they need to make smart decisions and relieve some stress.
“Focusing on financial well-being will benefit our students exponentially, not only during their time at K-State but throughout their lives,” said Thomas Lane, vice president of student life and dean of students.
Funds raised will support an expanded effort of the nationally recognized Powercat Financial peer-to-peer counseling and a pilot program offering a zero-credit financial literacy course to incoming students. The initiative also includes embedding student financial specialists in university housing and programs to guide students in need to the proper resources.
From cobbling together a monthly budget to dodging credit pitfalls, college students have a lot to learn about money. According to the 2020 Study on Collegiate Financial Wellness, 33% of K-State students surveyed have considered dropping out because of finances, and 69% of them feel stressed about finances.
“Students spend valuable physical and mental resources stressing about finances. I would rather they spend that on learning in their classes or having a great time at college,” said Greg Eiselein, director of K-State First, the university’s first-year experience program. “Financial literacy is going to help them as college students — and it’s going to help them for the rest of their lives.”
Visit allin.ksufoundation.org to learn more about All In for K-State and how you can help boldly advance positive financial futures for students.
“We have the potential to change the average net worth of our future graduates. What a gift!” said Kathleen Hatch, Morrison family associate vice president for student well-being. “So if you want to make a difference, this is your chance.”