Nellie Mae Launches Financial Management Program At Undergraduate Campuses
BRAINTREE, Mass.Nellie Mae, a top originator of student loans, has launched FinMan, an e-mail-based program established to enhance financial and debt management counseling on college campuses. The program, which was successfully piloted at six schools last academic year, is now active on 49 campuses nationwide. The FinMan program delivers a series of e-mail messages throughout the academic year to undergraduate students on participating campuses that increase their awareness about personal money management. Topics include: budgeting (September); credit card caution (November); tax-filing tips (January); searching for outside scholarships (March); and summer employment/savings (May). The program requires minimal administrative effort by participating schools apart from sending global e-mails. Students have the option to read the tips and information provided by FinMan at their convenience by accessing a Web link from their e-mail. “We were pleased with the way our students responded to the FinMan messages during the pilot, so we were eager to continue using the program this year,” says Dewey Knight, student loan manager at the University of Mississippi. “Nellie Mae’s FinMan initiative enhances our default prevention and debt management efforts in a way that appeals to our students.” In addition, Nellie Mae has launched a pilot FinMan message series for graduate students on 11 graduate campuses. Because of the more complex financial issues facing many graduate students, including high levels of education debt, the messages tailored to this population provide more in-depth guidance on effective budgeting strategies and balancing debt obligations with other financial priorities. Founded in 1982, Nellie Mae provides federal and private education loans for undergraduate and graduate students and families. Online services, including instant loan status inquiry and application options, are available at <www.nelliemae.com>.
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