The Board of Regents, State of Iowa has mandated the three public institutions in Iowa (Iowa State University, University of Iowa, and the University of Northern Iowa) offer a financial education training to help students make smart financial decisions and better manage their money.
It is no secret that the cost of college is a sizeable financial investment. Figuring out how to pay for college, managing credit or debit cards, knowing how to create a budget, and developing an emergency fund can all feel overwhelming.
In order to take the fear out of finances and comply with the Board of Regents mandate, all new undergraduate students will be required to complete Cyclone CashCourse during the spring semester of their first year at Iowa State University.
Cyclone CashCourse is a four-week, online training aimed at building the financial foundation students need to live a financially healthy life. The four-week training will include modules on managing money, paying for college, borrowing student loans, and understanding credit. Students will be able to complete the modules at their own pace and in any order during the four-week period.
In addition to the online training, students will have access to Peer Financial Educators. The Peer Financial Educators are Cyclones who have experiences with money that can be helpful in navigating and understanding finances as a college student.
Cyclone CashCourse will automatically appear in your Canvas account during your first spring term at Iowa State University. Students can begin completing the training when spring semester starts and should have all modules completed four weeks later. The Peer Financial Educators will be available to students for timely reminders, encouragement and one-on-one meetings throughout the training.
In order to complete the training, students will need to create a free, online account with CashCourse at www.cashcourse.org. The modules will be available through the CashCourse website. Cyclone CashCourse is coordinated by the Student Loan Education Office, a unit of the Office of Student Financial Aid and Division of Student Affairs.