March 19, 2021

Newest student resource, iGrad Financial Literacy, will help students with personalized financial wellness

Wayne State University has partnered with iGrad to provide students with access to the award-winning iGrad Financial Literacy platform.

The lack of education on personal money management in the United States has resulted in a wide variety of economic and social concerns. The impact is felt by Americans of every background, regardless of education level or income.

“We all have our unique relationships with money and finances, and that relationship becomes even more important as students navigate their way through paying for college,” said Dawn Medley, associate vice president of enrollment management.  “As a student, it’s hard to know where to go for help with these things, and that’s why I’m excited about the iGrad program for WSU’s students.”

Wayne State University is proud to provide students with the tools and support they need to empower themselves with the knowledge to build a strong foundation for their financial future.

“Financial wellness is something that we all can benefit from,” said Catherine Kay, senior director of the Office of Student Financial Aid. “We know that strengthening financial wellness knowledge while in college can be the difference between trying to complete your degree and actually completing your degree. Using the tools and resources through iGrad can lay the foundation for a solid financial plan.” 

Research shows that student financial wellness programs can lower student loan defaults, decrease financial stress, improve academic performance and teach students how to manage their finances for a lifetime.

Based on artificial intelligence and proprietary algorithms, iGrad personalizes financial information for each student’s situation and needs. The platform features:

  • The Your Money Personality financial behavior assessment, which analyzes each user’s financial “personality”
  • Financial education courses with personalized action plans on topics including budgeting, student loans, banking, credit, health care, financial planning and more
  • A suite of student loan and higher education tools, including a student loan tracking tool
  • Personal finance calculators and a real-time budget tool

“The pandemic has impacted college students in many ways, including increasing their financial stress,” said iGrad Vice President of Business Development Donna Miller. “Now more than ever, it’s important that college students not only understand financial aid, student loans, budgeting and credit scores, but also know how to adjust their behaviors in ways that lead to long-term financial health.”

Students can bookmark iGrad within Academica or use their WSU single sign on credentials to access the site directly at Wayne.iGrad.com.

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