A Strategic Approach
Thanks to a donation from the SunTrust Foundation, the university is revolutionizing the way financial services are delivered to students. Through the use of early alert systems, a comprehensive student financial management center, and campus and community outreach programs, Georgia State is leading the way in financial interventions for students.
The university is also looking to build a model for financial interventions that can be used at other universities across the country. These interventions look to reduce the debt students incur in college, proactively identify students who might have trouble paying their educational and living expenses, and provide quality financial literacy training for students and community members. The center had more than 31,000 student visits during the spring 2017 semester.
How It Works
With the goal of helping the next generation of low-income students succeed at even higher rates, Georgia State has partnered with the SunTrust Foundation to support:
- An Early Alert System for Financial Risk believed to be the first of its kind in the nation.
- A Student Financial Counseling Center to help at-risk students in mapping out a sound financial plan for their education.
- Community Outreach Programs to extend the innovative work of the Financial Counseling Center throughout the community, especially to low-income middle- and high-school students and their families.
- The Research and Tools necessary to replicate the model across colleges and universities nationwide.
- Replication of the Model at one or more partner universities with Georgia State serving as a mentor to prove the viability of scaling the approach.