CashCourse Surpasses 500 Schools Milestone

Call for Financial Education to College Students Being Answered

Date: January 7, 2011

Contact: Paul Golden 303-224-3514, [email protected]

DENVER—When the National Endowment for Financial Education began offering its financial education resource CashCourse® to colleges in the fall of 2007, NEFE had some knowledge of how crucial it was to provide this information to college students.

“After our research, we knew there were no other free, unaffiliated resources as comprehensive as CashCourse. And we knew this would be one of a kind,” explains Amy Hartenstine, the NEFE program director. “But now, with more than 500 colleges using the program nationwide, it’s very affirming to know that we are meeting a definite demand for this information.”

With the enrollment of the University of Utah in Salt Lake City, CashCourse blew past the 500 schools milestone. The number of colleges now using the program stands at 538. In late January, NEFE will host a CashCourse fair on the University of Utah campus, complete with games, giveaways, demos, a money skills workshop for graduating seniors and cash prizes for students.

“We know that the success of our students is directly tied to their financial literacy,” says John Brinkerhoff, MSFS, CFP®, who was recently hired as coordinator of the ASUU (Associated Students of the University of Utah) Personal Money Management Center. “Retaining and developing students, in addition to preparing them for the rigors of life after college, demands that we offer a specific resource where students can learn the basics of cash flow, budgeting, credit and debt management and other critical areas of personal financial planning.”

Schools from community colleges, state institutions and private schools are using CashCourse, which offers unbiased content with no advertising and no connections to commercial entities. Colleges and universities can brand the program with their own logos and decide independently how to use the website. CashCourse is being used within financial aid offices, student affairs offices and alumni associations, among other collegiate departments.

“From the University of Wisconsin, the first school to enroll in the program, to the University of Utah, the 500th school to sign up, we have seen tremendous participation in CashCourse,” says Ted Beck, president and CEO of NEFE. “It’s inspiring that this many colleges are paying attention to the needs of their students and providing this resource to help ensure that students are gaining the financial skills necessary to enter the real world.”

Being away from the guidance of mom and dad while in college is often a time when many students make unwise financial decisions. And for those about to graduate, students need financial tools for their transition to adulthood, including saving, investing, taxes and evaluating the financial aspects of job offers.

What’s more, the economic crisis has created much concern among young adults. According to a survey funded by NEFE and conducted at the University of Arizona, 95 percent of college students say the economic crisis has impacted their family’s finances and 93 percent have felt an effect on their own financial lives.

“There are a lot of unrealized and unanticipated financial challenges that can hit college students,” says Hartenstine. “It’s not uncommon for students to have to make decisions about financial issues they are unfamiliar with or have no experience in making.”

About CashCourse

CashCourse is an unbiased, noncommercial online financial education resource for students, and is available free to all public and private nonprofit colleges and universities in the U.S. To enroll in CashCourse, schools simply enroll with NEFE and then add a link to their existing Web pages. The site can be adapted to integrate the school’s logo, color schemes and additional resources. For more information, visit



  • Paul Golden

    Media Relations Director

    Direct: 303-224-3514
    Cell: 303-918-3620
    [email protected]