Monster, the leading global online careers and recruitment resource and flagship brand of Monster Worldwide, Inc, and Bank of America, one of the worldís largest financial institutions, are teaming to promote the importance of fiscal responsibility and maintaining good credit among college students nationwide. Making It Count, a business unit of Monster, is an educational service provider for students and parents.
Beginning this summer, Making It Count will host free, one-hour seminars on campuses across the country. Sponsored exclusively by Bank of America, the program is designed to teach money management skills that will empower college students to establish healthy financial foundations. Attendees will learn how to design a sustainable budget, and will learn the steps toward establishing a solid credit history.
Knowing that todayís undergraduates are busy with academics, internships and extra-curricular activities, we have developed a succinct, yet informative, program to help them make smart financial decisions, said JR Cifani, Vice President and General Manager, Making It Count. Sound budgeting skills are more important than ever; a recent MonsterTRAK survey(b) revealed that more than half of this yearís college graduates have accrued over $10,000 in student loans.
Bank of America is committed to students and their long term financial success, said Dennis Morey, Vice President, Bank of America Student Card. This program will present truly valuable credit education and budgeting skills in an engaging way. Weíre excited about this program and the alliance we have with Making It Count.
A recent survey(c) of current college students commissioned by Bank of America underscores the importance of this kind of educational outreach initiative:
-- 58 percent have no set budget;
-- 30 percent of college juniors have considered taking time off
from school due to financial issues; and
-- 18 percent have no solid idea of how much money they have at
any given time.
(a) The Project on Student Debt, February 2006
(b) MonsterTRAK Annual Entry-Level Job Outlook Survey, April 2006
(c) Conducted by Felton Research, Inc., October 2005
Monster and Bank of America Promote Financial Literacy Among College Students Nationwide
Financial Acumen Becomes More Important as Debt Among College Graduates Soars 50 Percent Over the Past Decade
