MISSOULA – LendEDU just released its list of top-ranking financial literacy programs among hundreds of colleges and universities nationwide, and the University of Montana landed at No. 5 on the list.
This is the third straight year UM has ranked among the top five financial education programs across the country. The University pulled ahead of Duke University, Harvard University, Yale University, Georgetown University and many other schools with a score of 46.7 out of 50 for helping students become financially literate.
LendEDU based the rankings on three factors: number of workshops and resources (50% of total score), access to one-on-one financial consultation (30% of total score) and incentivizing programs, such as scholarships for attending workshops (20% of total score).
At UM, all undergraduate students must take Transit, an online financial literacy education program, and more programs and online resources are available with topics such as FAFSA guidance, loans and budgeting workshops. Students also have access to free, private sessions.
Brian French, executive director in UM’s Office for Student Success, said students especially take advantage of information on FAFSA, student loan repayment and forgiveness options, budgeting, credit and savings.
“The UM Financial Education Program provides students and our UM family in general with resources and information to make sound financial decisions and to prepare for a successful financial future,” French said. “We recognize that financial wellness is an important component of student success.”
The financial education services are available to current students, alumni and employees of UM, Missoula College, Bitterroot College and UM-affiliate campuses.
For more information visit the UM Financial Education Program website at https://www.umt.edu/financial-education/.