Closing the Racial Wealth Gap With Financial Asset Ownership
A new program aims to equip Black students with the tools and confidence to participate in the stock market.
Summer: Helping Borrowers Secure Student Loan Forgiveness
Learn how fintech Summer partnered with the Financial Health Network to help students pay down debt and build their financial health.
Pulse Points Spring 2023: Bracing for the End of Student Loan Forbearance
New analysis suggests that many borrowers anticipate difficulty restarting payments when forbearance likely ends this summer – but proposed policy changes could help.
Two Ways Policy and Technology Can Support Struggling Student Loan Borrowers
Student debt remains a critical topic for both borrowers and policymakers. Many borrowers now face the added financial challenge of unemployment as a result of the pandemic, and policymakers are urgently seeking ways to support these individuals. Now consider that Black and Latinx borrowers are disproportionately affected by the economic fallout from the pandemic, while […]
Getting “WISER” on Addressing Unmet Needs Among Independent Workers
FSL provided WISER a $75,000 general operating grant to ensure it can continue to support to independent workers in rural Appalachia.
Driving Cross-Sector Solutions: Responding to the Unemployment and Student Loan Crises
As the pandemic was initially unfolding and unemployment rates in the U.S. made headlines, research showed that Americans facing both unemployment and student loan debt experienced serious risks to their financial health. One in five unemployed U.S. adults report that they or someone in their household has a student loan, and the 45 million Americans […]
Fintech Leader Q&A: Finli CEO Lori Shao
Lori Shao founded Finli, one of the Financial Solutions Lab Accelerator’s 2020 Cohort companies, in 2019. Finli’s comprehensive business management software relieves family-centric businesses, like neighborhood schools and enrichment programs, from the administrative burdens of invoicing, tuition collection, and maintaining a digital presence by providing an enterprise solution and parent-approved app. Given its area of […]
Prudential Joins Effort To Fund Fintechs Fighting Inequality
Prudential Financial is dedicating $10 million to fintech oriented towards solving intransigent financial and social inequality in the U.S. Read the Article on Financial Advisor Magazine >>
Credit Union Spotlight: Measuring to Improve Member Financial Health
These case studies highlight our measurement of transactional indicators with three credit unions, enabling them to drive positive impact for their members and their businesses.
Educating the Next Generation: Using KPIs to Assess the Impact of Student Financial Education Programs
The Financial Health Network partnered with Michigan State University Credit Union (MSUFCU) to analyze its financial education programming for high school and college students, revealing some signs of positive impact on business outcomes and the students’ financial health.
Supporting the Financial Lives of America’s Young People
Principal® Foundation research shows that In the United States, 54% of young people between the ages of 18 and 30 report they have hit financial rock bottom – a situation made worse by pandemic-related job losses and college closures. This report shares new potential solutions from the Principal Foundation YouthCan Initiative Innovation Challenge, which supports organizations working to tackle the financial issues facing young people today.
How fintech mentorships have adapted during the pandemic
Hashing out ideas on a whiteboard. Networking with fellow entrepreneurs over drinks. Poring over plans with mentors. Pitching a roomful of investors. Read the Article on American Banker >>
Wayne State University Case Study: Giving Students a Second Chance at Success Through Debt Forgiveness
Research from the Financial Health Network shows that removing financial barriers for students can help them succeed both financially and academically. Learn how Wayne State University is working to develop effective tools for student success through the “Warrior Way Back,” a unique debt forgiveness program.
Edquity Case Study: Supporting Students with Innovative Emergency Aid
Each year, millions of college students struggle to stay in school not because of academic difficulties, but because of financial challenges. The Financial Health Network is dedicated to furthering solutions to help improve student financial health and increase academic success. In this case study, we explore how Edquity – an innovative student support app – is working to reduce the number of students who dropout of college because of a financial emergency of $500 or less.
Financial Solutions Lab Launches Sixth Fintech Accelerator Competition to Support Innovative Financial Health Solutions for Workers and Students
The Financial Solutions Lab, an initiative from the Financial Health Network and founding partner JPMorgan Chase & Co.( JPMC), announced the launch of its sixth accelerator challenge.
JPMorgan’s Financial Solutions Lab to Run Accelerator with Financial Health Network
The Financial Solutions Lab, an initiative from the Financial Health Network and founding partner JPMorgan Chase & Co., announced today the launch of its sixth accelerator challenge, focused on advancing the financial health of workers and students who are developing in-demand skills to prepare them for the future of work. Read the Article on […]
Financial Health and Higher Education: The Power of Assessing Student Financial Health
There is increasing awareness among community colleges and universities regarding the link between student financial health and academic success. In 2018, working closely with a cohort of innovative colleges and universities, Financial Health Network developed a new, holistic framework for not only understanding, but also assessing and measuring student financial health.
Driving College Success
Higher education can provide remarkable access and opportunity to Americans, but financial challenges often prevent students from reaching their full academic potential. Read about how educational institutions can help more students achieve academic success and financial health.
Student Loan Debt Doesn’t Have to Ruin Your Wild and Precious Life
If you are considering higher education, let me share some of my advice for reducing your overall student loan debt burden.
Saving Money For College Does More Than Pay Tuition #FinHealthMatters
By Lily from The Frugal Gene The Teen Years Saving your own money for college does a lot more than just paying the tuition. Spending your own money teaches you about the value of money, provides a safety net, and gives you a preview of the working world. I’ll tell you my experience of going to…
3 Tips for Managing Student Loans as an Entrepreneur
By John Hammond, StartU Today marks the 3rd annual #FinHealthMatters day; an event started by the Center for Financial Services Innovation to draw attention to the 57% of Americans — approximately 138 million adults — that are struggling financially today. This year’s theme is student health; emphasizing the financial health of college students in America today. At StartU, this…
What I Wish I Knew About Student Loan Debt That I Know Now
By Justine, from Debt Free Millennials Forget student loan debt. When I think about my college experience, it’s filled with memories of purple everything, late night study sessions at Hale Library, $2 You-Call-Its at O’Malley’s, and being flat broke. Me and my girls. All purple. Cheap beer. K-State Wildcats. And dirt poor! I was clueless…
5 Rebellious Student Loan Acts – Why #FinHealthMatters
Good financial health starts with being proactive and getting rebellious with your finances. And there is no better day than today.
Shining a Spotlight on Student Financial Health
#FinHealthMatters Day 2018 April 25, 2018 was the third annual #FinHealthMatters Day. Each year, #FinHeathMatters Day brings attention to Americans’ financial health through a thunderclap of social media activity, news stories, blogs, podcasts and more. Over the past years we have seen 240+ blogs posted, 2,500+ influencers tweeting nearly 6,000 times, and ultimately, close to 27…
For Students, Financial Health is About More Than Money
It’s no secret that financial challenges play a big role in overall student success and achievement. We must work to find the holistic and streamlined solutions that address the complexity of everyday life in order for students to pursue their dreams.
Redefining Student Success: Community Colleges and the Financial Health Journey
Actively supporting student financial health is a mission-critical investment for community colleges. This report provides a roadmap to help community colleges navigate that journey.
Amy Cox Household Profile: Living Paycheck to Paycheck
U.S. Financial Diaries Case study: Amy Cox is a white 34-year-old single mother of two. She lives with her children, Hailey, 9, and Andy, 8, near Cincinnati, OH. A natural caregiver, Amy works at a day care center.
Financial Health and Community College Students
Understanding the three prominent financial health challenges that community college students face and how those students can improve their financial health through choosing and using quality products and services.
That Moment Your Research Breaks Through
What financial providers need to know about young adults. What if we reached young people at the moment they’re primed to to absorb financial education — a moment like their first paycheck? What if we used that moment to capture people’s attention, and we allow them to open that account to help get started? MyPath, a San…
Dispatch from D.C. – 2016 Outlook
“MyPath Savings” by MyPath
MyPath partners with workforce development programs and financial institutions to help young adults improve their financial health.
“CollegeSet” Facebook app by Juma Ventures
Juma Ventures is a San Francisco-based youth development organization dedicated to helping low- income high school students save for and complete a four-year college degree.
“MoneythinkMobile” by Moneythink
Moneythink pairs college student mentors with high school student mentees to provide coaching on sound financial management.
Dispatch from D.C. — December 2015
Leveraging Innovation to Support the Financial Health of LMI Families with Children
Millions of Americans are raising children in households with poor family financial health and limited financial resources.
Dispatch from D.C. — March 2015
Investment Activity in Fintech for the Financially Underserved
This report examines the significant volume of recent investment activity in the FinTech market for financially underserved consumers. This consumer finance segment is a dynamic and growing space.
Financial First Encounters: An Examination of the Fractured Financial Landscape Facing Youth Today
Young adults entering the work force and managing wages for the first time today face a financial services marketplace that is markedly more complex than the one their parents first encountered as young adults.
The Financial Health Network Second Secured Credit Cards InBrief
The current economy has spawned renewed examination of the market potential for secured credit cards.