Department of Finance

Program for Financial Literacy



As a nation, we are facing significant financial challenges. While the reasons for the financial crisis vary, an important factor is lack of financial literacy.

A 2011 survey from the FDIC estimates that 1 in 4 U.S. households (28.3 percent) are "un-banked" (without a checking or savings account) or "under-banked" (rely on non-bank money orders, check-cashing services, payday loans, rent-to-own agreements or pawn shops).

Low levels of financial literacy greatly impact the viability of the national higher education system, leading to high levels of student debt and low graduation rates.

Bauer College’s Response

Easily accessible resources for financial literacy are considered below acceptable levels in target neighborhoods and communities.

Recognizing this need, Bauer College has developed a Program for Financial Literacy that includes comprehensive engagement by the university (Bauer College leadership), corporate community engagement (banks and financial services firms), non-profits with a financial education mission, and schools (teachers and parents).

What is the Program for Financial Literacy at Bauer College?

The goal of the program is to promote financial literacy across the university and the community. The initiative is bolstered by faculty support, alumni engagement and student leadership involvement, and mentorship.

The learning goal for the program is for UH students, students in middle and high schools, and the community to be more knowledgeable about personal finance, especially as it relates to attending college.