A program designed to enhance financial literacy among college students is set to expand at four new universities this fall. The initiative, known as Money Drills, will be introduced at the University of Delaware, University of North Carolina at Chapel Hill, Pennsylvania State University, and Stanford University. These additions will join eleven other institutions that have already incorporated the program into their curricula, benefiting countless college students over the past two years.
The Money Drills program aims to make financial education accessible to all students, especially focusing on athletes. It provides university-led courses for graduation credit, helping students develop essential skills in budgeting, saving, investing, and managing credit. The program also provides insights on navigating name, image, and likeness (NIL) income, preparing students to manage their finances with confidence for the future.
Feedback from participants indicates the program’s success, with 96% of students reporting an improvement in their personal finance management skills. Surveys show a strong interest in learning about critical financial topics like taxes, investing, and managing debt. The material is designed to be relatable and easy to grasp, ensuring financial education remains within reach for students.
Leaders from the participating universities have expressed their enthusiasm about the new partnerships. They emphasize the significance of financial literacy for students as they prepare not only for athletic careers but also to navigate complex life choices and opportunities. The program facilitates the delivery of tailored financial education to students at varying stages in their academic and professional journeys, fostering a strong foundation for their future.
In addition to the new partnerships for the upcoming academic year, Money Drills has formed a strategic, multi-year collaboration with Stanford University’s Athletics Department. This partnership is particularly meaningful, as it connects back to the program’s founding, where the co-founders first met at Stanford. It marks a notable expansion in the program’s reach, aligning with a growing portfolio of athletic sponsorships meant to create closer ties with diverse fan communities.
Moreover, the program is joining forces with the Pro Athlete Community (PAC), an organization focused on equipping professional athletes with business skills and networking opportunities. This collaboration aligns with Money Drills’ mission to support athletes as they transition from sports to business. PAC will facilitate educational courses aimed at personal finance and professional growth, providing athletes access to executive education and networking with peers committed to their futures beyond sports.
The overarching goal of these initiatives is to empower individuals with critical knowledge about wealth management that transcends mere earning. Financial literacy, emphasizing the importance of investment and asset protection, is integral to long-term stability and success. As a result, the focus remains on helping students develop not just as athletes but as financially informed adults ready to build a secure future.