A leading San Diego-based financial wellness company, iGrad, has recently collaborated with Montclair State University to provide an innovative student financial wellness platform to the university’s 20,000-plus students. This online and mobile platform offers comprehensive and interactive tools for credit-building, budgeting, money management, student loan debt management, and loan calculators.
This groundbreaking partnership marks Montclair’s first-ever financial literacy initiative, offering its students, faculty, and staff access to iGrad’s user-friendly platform. The university’s Provost and Senior Vice President for Academic Affairs, Junius Gonzales, emphasized the importance of financial literacy in today’s national conversation and the value of empowering students with the knowledge to make informed financial decisions.
Montclair State University, located in Montclair, NJ, is the second largest university in the state and serves a diverse student population, with over half identifying as underrepresented minorities. Recognizing the benefits of financial literacy programs in reducing stress, improving academic performance, and fostering practical money management skills, Montclair is committed to providing its students with essential resources for success.
The significance of financial literacy in higher education cannot be overstated, particularly in light of recent challenges in student enrollment and graduation rates. While the pandemic has led to declines in college enrollment overall, Montclair has defied this trend by welcoming its largest incoming class and total enrollment in school history. The university has also garnered national recognition for its exceptional graduation rate performance, ranking seventh in the nation.
Partnering with iGrad is a strategic move for Montclair, as it aligns with the university’s commitment to delivering a holistic educational experience while addressing financial challenges faced by students and institutions. Donna Miller, iGrad’s Vice President of Business Development, expressed enthusiasm for collaborating with Montclair and praised the university’s proactive approach to student financial literacy.
iGrad’s innovative platform, which is already utilized by numerous colleges and universities across the United States, offers personalized financial information, interactive tools, educational resources, and a student loan tracking tool to help students prepare for loan repayments after graduation. With its focus on individualized financial wellness solutions, iGrad is at the forefront of financial technology, reaching millions of students, employers, and financial institutions.
Recognized for its commitment to improving financial health and security, iGrad has received prestigious awards and accolades, including the Excellence in Financial Literacy Education award and the Eddy Award for Financial Wellness. As a leading provider of artificial intelligence-powered financial wellness solutions, iGrad continues to be a trailblazer in the realm of financial technology.
In conclusion, the partnership between iGrad and Montclair State University represents a significant step forward in promoting financial literacy and empowering students with the knowledge and tools to navigate their financial futures. This collaboration underscores the critical role of financial wellness in higher education and sets a positive example for universities across the country.
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