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Wednesday, May 22, 2024

iGrad Student Financial Literacy Platform Launched by Porterville College

iGrad and Porterville College Partner to Provide Financial Wellness Platform for Students

In an effort to prioritize the financial well-being of their students, Porterville College in California has teamed up with iGrad to implement a customized, interactive online and mobile financial wellness platform for its more than 3,000 students.

The platform offered by iGrad at Porterville College provides students with comprehensive and interactive resources on a wide range of financial topics, including credit building, budgeting, money management, student loan and debt management, and loan calculators. The goal of this partnership is to increase graduation rates, decrease student loan debt and defaults, and improve the overall financial health and future of the students at Porterville College.

Tiffany Haynes, the Director of Financial Aid at Porterville College, expressed the college’s excitement about the partnership, stating that iGrad was selected for its personalized approach to student financial education and the wealth of interactive tools, games, videos, and articles available to students. Haynes emphasized the importance of financial wellness in contributing to the success of students, both academically and in their future careers.

Research has shown that financial literacy programs can reduce financial stress, improve academic performance, and equip students with essential financial management skills for life. With the decline in college enrollment and degree achievement rates, enhancing student financial literacy has become a critical priority for many educational institutions. According to the National Student Clearinghouse Research Center, college enrollment has decreased by 5.1 percent since the start of the pandemic, particularly among students from low-income or high-poverty high schools.

Donna Miller, Vice President of Business Development at iGrad, highlighted the pressing financial challenges facing college students, including enrollment, retention, and the mounting level of student loan debt. These challenges have underscored the urgency of prioritizing financial wellness education and support for students.

iGrad’s financial wellness platform is currently used by over 600 public and private colleges and universities of all sizes, including institutions such as Texas A&M University-Corpus Christi, New York University, Davidson College, and St. Joseph’s University. The platform is powered by artificial intelligence and proprietary algorithms, enabling it to personalize financial information for each student’s unique situation and needs.

Key features of the iGrad platform include a wide array of tools, quizzes, videos, articles, and multimedia content, as well as a student loan tracking tool to help students manage their loan balances and prepare for post-graduation payments. The platform is also designed to provide interactive educational content on retirement and mortgages, adapting to the specific circumstances of each user.

iGrad, a San Diego-based financial technology company, offers its AI-powered financial wellness solutions to over 600 colleges and universities, more than 20,000 employers, and over 300 financial institutions. The company’s dedication to improving financial literacy and empowerment has been recognized through various accolades and awards, including the 2020 Excellence in Financial Literacy Education Adults’ Education Program of the Year award from the Institute for Financial Literacy.

The partnership between iGrad and Porterville College embodies a commitment to equipping students with the necessary skills and knowledge to navigate the complexities of personal finance and achieve long-term financial well-being. For more information about iGrad and its financial wellness platform, visit https://www.igradfinancialwellness.com.

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