Binghamton University to unveil Financial Wellness Center

2017-01-18

BINGHAMTON, NY- Binghamton University will unveil a new Financial Wellness Center for students during a ribbon-cutting ceremony at 1:30 p.m. Thursday, Jan. 19, in the Fleishman Center for Career and Professional Development, in the University Union, on campus.

The ceremony marks a new partnership between the Binghamton University Fleishman Center for Career and Professional Development and Visions Federal Credit Union to improve student financial literacy and financial wellness. The partnership is meant to address a national crisis—more and more students are entering college with sub-par financial knowledge and graduating with ever growing amounts of debt. According to a study for the class of 2015, about 7 in 10 college students nationally borrowed for their educations, owing just over $35,000 on average.

"Working with Binghamton University students is a natural fit for Visions. We want to help answer the students’ questions about money, balancing student loan bills, and planning for their financial journey – during college and beyond. The Financial Wellness Center will bring Visions and our financial education resources directly to them in an environment they’re familiar with. This is a great partnership that will benefit students, and faculty, for years to come," said Ty Muse, Visions president and CEO.

With support from Visions, a Financial Wellness Center display is being installed within the Fleishman Center, promoting financial literacy tools that include on-demand, self-guided, web-based modules about budgeting, credit cards, saving, insurance, student loans and investing, among other topics. Visions is also lending the support of a financial educator to present to students in classes and hold workshops on financial wellness.

"Many college and universities across the country have instituted financial literacy programs to answer rising student loans and other debt, and in realization that many college students have not had the opportunity to be educated on the basics of personal finance," said Kelli K. Smith, director of University Career Services at Binghamton University. "We suspect we are one of the only—if not the only—career center in the country to house such a program. This partnership with Visions is an exciting initiative and we are grateful to shepherd it."

Officials speaking at the ceremony include Binghamton University President Harvey Stenger; Tyrone Muse, president/CEO of Visions Federal Credit Union; and Kelli K. Smith. Brian Rose, vice president for the Division of Student Affairs at Binghamton University, will emcee the event.

For more information regarding the ribbon-cutting event and Binghamton University/Visions Federal Credit Union partnership, contact the Office of Media and Public Relations at 607-777-2174, or email ryarosh@binghamton.edu.

Last Updated: 9/17/13