Non-Profit Credit Counseling Organization Engages Incoming Freshman on
Personal Finance Basics with its 'Learn Now or Pay Later' Program
AGAWAM, Mass., Aug. 19 /PRNewswire/ -- Cambridge Credit Counseling Corp.,
a nationwide nonprofit provider of credit counseling, educational assistance
and budget planning services, today announced that as part of its expanding
GoodPayer.com educational initiatives, it is applying its 'Learn Now or Pay
Later' financial literacy program this fall at colleges and universities.
Cambridge Credit will educate incoming college freshman about how to use
credit responsibly, successfully minimize debt and effectively manage money so
that they can ultimately afford the things they want in life.
"Our 'Learn Now or Pay Later' series is aimed at increasing financial
literacy among youth using real world examples that relate to their lives
right now," said Chris Viale, acting President and CEO of Cambridge Credit.
"Far too many college students are lured by credit card companies when they
first step on to campus. Away from home and often facing their first major
financial challenges, it is important that we reach out to these young people
to teach them fundamental personal finance tools that will help them lead
financially responsible lives now and in the future."
Applying portions of its 'Learn Now or Pay Later' program, Cambridge
Credit has developed a financial literacy television series for students at
the University of Massachusetts (UMASS) Amherst and will provide financial
education during student orientation and in an undergraduate experience course
for incoming freshman at the American International College in Springfield,
Mass. The credit counseling organization will also provide copies of its
'Learn Now or Pay Later' handbook to Pikeville College in Pikeville, Ky. for
the school to distribute to new students.
Programs at specific colleges and universities include:
University of Massachusetts -- 'Learn Now or Pay Later' Television Series
Cambridge Credit's four-part 'Learn Now or Pay Later' television series
will begin airing in September on the University of Massachusetts cable
network, UAM TV (Channel 15) twice a night at 7:30 and 11:00 p.m. The series
will offer tips, advice, and information for students who are unaware of the
pitfalls of debt, including segments that cover a range of topics including
credit cards, budgeting and saving, credit scores and how to plan financially
for the future.
The series will reach the 10,000 students living in residence halls, as
well as 6,700 students in family and student housing. Produced in
coordination with the Academic Instructional Media (AIMS) Video Production
Department of UMASS, the series features staff members and credit counselors
from Cambridge Credit who will advise students on ways to properly use credit
cards and avoid debt. One third of the half-hour program also includes
interviews with students on campus to gauge their understanding of credit and
the negative impact of debt.
American International College -- Orientation Week Seminars and
Education 102
Members of the Cambridge Credit's GoodPayer.com education team will
present during one session of American International College's 3-day
orientation for incoming freshman on September 7. The session will focus on
raising awareness of credit issues and the importance of proper money
management to students and will be held in the college's Campus Center
auditorium.
Cambridge Credit will also present portions of its 'Learn Now or Pay
Later' curriculum during six sections of the college's undergraduate course,
Education 102: The Undergraduate Experience, October 4-6. Recommended for all
incoming freshman, the course is designed to help students make a successful
adjustment to college life by teaching both life and learning skills such as
time management, note taking and study tips. Members of Cambridge Credit's
GoodPayer.com education team will act as guest lecturers to teach the
financial responsibility component of the course.
Pikeville College -- Distributing the "Learn Now or Pay Later" Handbook
Cambridge Credit has partnered with Pikeville College in Pikeville, KY to
increase financial literacy among the school's incoming freshman. The credit
counseling organization will provide copies of its 'Learn Now or Pay Later'
financial handbook to the school to be distributed to students during
orientation.
Entitled 'The Young Adult Financial Education Program,' the handbook is
geared towards high school and college students and provides information on
all the basics of credit and debt, with helpful information on how to protect
your credit rating.
About Cambridge Credit Counseling Corp.
Cambridge Credit Counseling Corp., a 501 (C) (3) Not-for-Profit
organization, provides credit counseling, educational assistance and budget
planning services to clients throughout the United States. Since its
incorporation in 1996, Cambridge Credit has provided free educational
assistance and counsel to over 1.8 million consumers and has enrolled
approximately 200,000 consumers into its credit counseling program. Cambridge
Credit is ISO 9001 registered which is accepted worldwide. For more
information about Cambridge Credit, visit http://www.cambridge-credit.org
SOURCE Cambridge Credit Counseling Corp.
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Related links:
http://www.cambridge-credit.org
CONTACT:
Brooke Parker, Ruder Finn, Inc.,
+1-212-593-5893, parkerb@ruderfinn.com
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