The CFA Credit Academy will train student credit ambassadors to promote credit health and knowledge.
Almost half of all college students say money management is a bigger challenge than any other they may face, according to the U.S. Department of Education. To empower students as they embark on their higher education journeys, leading information services company Experian and HomeFree-USA’s Center for Financial Advancement® (CFA) have launched the CFA Credit Academy. More than 250 scholars from 14 Historically Black Colleges and Universities (HBCUs) will learn and train to share financial literacy, credit education and leadership basics.
“Experian is a committed innovative partner. Understanding and mastering credit is of significant importance to the CFA Scholars. The CFA Credit Academy provides the training, tools, coaching and mentoring in a clear relevant manner that will enable the scholars to achieve their personal goals,” said Gwen Garnett, HomeFree-USA Center for Financial Advancement® Executive Director.
The HomeFree-USA 2022 Money4Life Leadership Conference kicked off CFA’s eight month program and included an orientation of the credit education program with Experian’s credit education experts. Students will gain an understanding of credit and its importance, so they can become knowledge ambassadors for their peers, family and their communities. In addition to live sessions and self-paced content, the CFA Credit Academy culminates with a hackathon competition in April, challenging all students to form teams of four at participating HBCUs to build the next best credit education program for their peers. The winning team will earn a $40,000 scholarship, sponsored by Experian.
“This program normalizes and modernizes the conversation about credit and overall financial health. Through our partnership with the CFA, we want to ensure these students are visible within the credit ecosystem for more equitable lending when they’re ready. Access to fair and affordable credit can help them, and all consumers, get a college degree, buy a car or a home, start a business, and ultimately build wealth and achieve greater financial success,” said Raudy Perez, Experian North America’s senior director for diversity, equity and inclusion partnerships.
To read more click here: https://www.experianplc.com/media/latest-news/2022/
Visit, https://homefreeusa.org/cfa-program/, to learn more about the Center for Financial Advancement Program.