Personal Finance 101: HBCUs to Develop Financial Planning Curriculum for Students
Isom, Wendy, Black Enterprise
During her four years of teaching personal finance at Hampton University, Lisa L. Martin has seen students who have never even broached the subject of financial planning.
And what they don't know about financial planning can hurt them and the future of black wealth. "We've had seniors that are graduating and have very good GPAs but they can't get a job because their credit scores are bad," Martin says.
Martin, 37, is an instructor at the School of Business at Hampton who says there is a lot students don't understand about personal finance. "I could probably fill the whole semester with question-and-answer sessions. Until you're exposed to financial planning, you just don't know."
Martin is among a number of faculty pushing for the funding and establishment of personal financial planning programs at historically black colleges and universities (HBCUs). "I have proposed to add a personal finance minor and a certificate program at Hampton," she says.
Faculty at HBCUs hope that this curriculum will not only teach the students financial literacy but also prepare them to become financial planners. Financial services giant ING U.S. Financial Services provided $250,000 in seed money to start funding the training for HBCU faculty members. For the past two summers, Martin has taken courses at Texas Tech University toward a personal finance doctorate. In July, she will take an exam to become a certified financial planner. With the CFP designation, Martin will …
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: Personal Finance 101: HBCUs to Develop Financial Planning Curriculum for Students. Contributors: Isom, Wendy - Author. Magazine title: Black Enterprise. Volume: 36. Issue: 9 Publication date: April 2006. Page number: 33. © 2007 Earl G. Graves Publishing Co., Inc. COPYRIGHT 2006 Gale Group.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.