Center for Financial and Economic Education
Building Economic Security
Achieving Financial Goals
JP MORGAN CHASE RENEWS FUNDING FOR WESTCHESTER COMMUNITY
COLLEGE FINANCIAL EDUCATION SERVICES WITH A $150,000 GRANT
(left to right): Teresita Wisell,
Director, Gateway Center at Westchester Community College; Suzanne
Matthews, Director, Center for Financial and Economic Education at
Westchester Community College; Eve Larner, Vice President, External
Affairs at Westchester Community College, Executive Director of the
Westchester Community College Foundation; Bob Como, Senior Vice
President, Business Banking, Chase; Ed Muendell, Senior Vice
President, Government Banking, JPMorgan; Cathie Schaffer, Senior
Vice President, Middle Market Banking, Chase.
The Westchester Community College Center for Financial and
Economic Education (CFEE) has received renewed grant funding from
the JPMorgan Chase Foundation. This grant support for the upcoming
fall semester, in the amount of $150,000, will enable the CFEE to
expand its diverse initiatives to provide personal finance training
and education to the student population, faculty members and staff,
and the community at large.
The activities funded by this
grant will include financial education sessions targeted to a broad
array of young adults on the campus, students with financial and
academic needs, and students in the English Language Institute. The
grant will also allow the CFEE to expand the range of programs
offered to Westchester residents and to continue to grow
partnerships with other community organizations involved in
“We are deeply grateful to JPMorgan
Chase for continuing to provide critical support to build and expand
the CFEE, which, in turn, is committed to offering urgently-needed
personal finance training and resources to our campus community,”
says Dr. Joseph Hankin, president of Westchester Community College.
With initial grant funding from JPMorgan Chase Foundation, the
CFEE was launched in May 2011, to serve as a platform for personal
finance education in the County by providing the framework and
leadership for programs that assist young adults, families and
individuals better manage their financial lives.
is more important than helping individuals in our community to
become more informed about managing their everyday financial
decisions,” says Bob Como, head of Chase Business Banking in
Westchester County, northern New York, and Connecticut. “JPMorgan
Chase is very pleased to enable Westchester Community College to
carry out programs that are so essential to college students and
adults of all ages and to support initiatives that help to drive
positive economic outcomes for Westchester residents,” he adds.
During its first year, the CFEE introduced a variety of
noncredit workshops and classes that covered different aspects of
personal financial management. Sessions were also targeted to
students involved in programs such as TRIO (a Federally-funded
program for disadvantaged students) and the Educational Opportunity
Program, as well as those involved in College Success, a
skill-building course for incoming college students.
According to Suzanne Matthews, director of the CFEE, “Our program
responds to the fact that the large majority of our students and
residents of Westchester County have never had access to effective
financial education. We are very pleased that in the past year we’ve
been able to lay the groundwork for carrying out our mission of
bringing professional resources to the community and making money
management tools more accessible to individual students and adults.”
Through various student organizations and academic
programs, the CFEE delivered sessions to over 800 students on core
financial topics such as credit, debt, saving, and investing.
Matthews further adds that “In the coming year we hope to
significantly increase that number, thanks to the support we have
received from Chase.”
The CFEE has been actively involved in
promoting financial education in the county by helping to form the
Westchester Financial Education Alliance, a group of four
organizations including the United Way of Westchester and Putnam,
the Financial Planning Association of the Greater Hudson Valley, and
GreenPath, Inc. One of the events sponsored by the Alliance was
Financial Education Day held at the Gateway Center at the college in
March of 2012. This half-day financial conference was open to the
public and offered free financial workshops, one-on-one counseling
and a well-known keynote speaker, Jean Chatzky. This
successful event attracted over 250 participants, including college
alumni, residents of the county, students, faculty, and financial
professionals. The CFEE is involved in planning similar events
in the coming year.
For more information about the Center or the Chase grant, please
contact Suzanne Matthews by phone at 914-606-5627 or connect with
her via email at
A New Resource to Help Manage Your Money
Westchester Community College is taking a proactive
approach to improving our students’ financial well-being.
We are pleased to announce the launch of CashCourse®, a new online
resource accessed through the college web site, which will provide students
and others in the community with information and tools to better manage
their financial lives.
CashCourse can be found at:
http://www.cashcourse.org/sunywcc. The site offers an array of tips and
tools on basic financial topics that students and adults need to deal with
many of the common financial problems that arise from this increasingly
complex financial world. With the
introduction of CashCourse we join more than 550 colleges and universities
that use the program on their campuses throughout the U.S.
CashCourse is a
quick and user-friendly way to get information about everyday money issues
that most students face in these challenging economic times:
stretching dollars, managing credit cards, repaying student loans,
and saving for future emergencies.
The site includes advice and content around many of the common
financial issues that young adults face, but it also features financial
information that can be used by individuals of all ages.
CashCourse includes articles and features on a range of
related topics such as budgeting and financial planning, paying for college,
managing credit and debt, building wealth, and surviving in tough economic
times. The site also offers
worksheets, calculators and assessment tools that students can use to learn
on their own or as part of classroom work.
Other useful features include a “Budget Wizard” to help students
manage their spending, an online directory of common financial terms, and a
credit module that covers important information about managing credit cards.
All of the information on the CashCourse site has been
developed by the National Endowment for Financial Education® (NEFE®) a
nationally-recognized nonprofit organization dedicated to promoting personal
finance education. The information included on the CashCourse site is
noncommercial and unbiased, with a focus on teaching the basics of core
financial concepts and making smart money decisions.
CashCourse is one of many resources being offered as
part of the Center for Financial and Economic Education, a new
initiative in the Gateway Center.
The Center for Financial Education, under the direction of Suzanne
Matthews, was created this year with a grant from JPMorgan Chase with the
objective of bringing essential financial education resources to students,
faculty and the community at large. The Center will be offering more
activities, including workshops, seminars, and speakers throughout the
coming academic year.
For more information on CashCourse and the Center for
Financial and Economic Education, contact Suzanne Matthews, Director,