MSFCP focuses on improving student financial wellness and changing student’s financial behavior, resulting in improved academic success, persistence, credential completion and lifelong financial health. Research shows that access to financial coaching can result in measurable gains for low- and moderate-income individuals in areas such as money management, financial health, and feelings of financial confidence and well-being. In fact, during MSFCP 2.0, 79% of all MSFCP students from the four colleges persisted in college and 76% were retained at their own college.

The MSFCP model integrates one-on-one financial coaching with financial education outcomes delivered in a credit or noncredit course. Ideally, students will:

• understand the concept of cash flow,
• learn to manage expenses,
• create a personal budget,
  apply strategies to save money,
• understand credit cards and credit card debt,
  reduce debt, establish and/or increase their credit score, and
• meet a financial goal.

MSFCP develops financially capable students, fostering healthy financial habits that last into the future.