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  • DSU Implements Capital One Fiscal U Program in Partnership with NACDA to Teach Financial Management Skills to Student-Athletes
    by kcsg.com news
    Published - 12/17/13 - 09:51 AM | 0 0 comments | 16 16 recommendations | email to a friend | print
    (ST. GEORGE, Utah) - Dixie State University announced the implementation of Capital One Fiscal U, a financial literacy program developed in partnership with Capital One and the National Association of Collegiate Directors of Athletics (NACDA) to provide student-athletes with personal finance basics in areas including saving, budgeting, credit and debt management, and investing.

    “A program like this is integral in our efforts to develop the whole student-athlete and gives each of them one more critical tool for their use upon graduation,” said Jason Boothe, Athletic Director of Dixie State University. “We’re grateful to Capital One and NACDA for providing us with a turn-key program to help ensure our athletes can make smart decisions about their financial futures.”

    Through Fiscal U, a web-based program, student-athletes are presented with a series of key financial decisions they can expect to face at some point in life. Student-athletes must choose which action to take. A virtual financial coach helps the participants learn from their decisions.

    “Financial literacy becomes a critical skill during college, when students are away from home, making decisions with potential long-term impacts on their financial futures,” said Roger Ferguson, managing vice president, sponsorships, Capital One. “As an NCAA Corporate Champion and long-time sponsor of numerous collegiate athletic programs, Capital One is committed to supporting all areas of college sports and contributing resources to help student-athletes reach their goals on the playing field and in the classroom.”

    The program’s interactive website also provides student-athletes with direct access to a suit of online resources and fact sheets to guide them through various financial situations including:

    • Setting Up A Budget

    • The Benefits Of Completing A College Degree

    • Understanding Your Paycheck

    • Student Loan Interest Deduction

    • Saving For Emergencies

    • Saving Priorities

    “We’re excited that DSU will be adding Capital One Fiscal U as an additional component for their student-athletes,” said NACDA Executive Director Bob Vecchione. “This program has been a great addition to the benefits we are able to offer our member institutions as it provides a critical step forward in providing student-athletes with real life skills to help ensure they can make smart decisions about their financial futures.”

    Capital One developed the Fiscal U program together with NACDA as part of an ongoing national effort to increase financial literacy among young people. This program, which has been made available to college athletes in approximately 1,600 NACDA member schools around the nation, adds to the existing suite of financial literacy tools and resources developed by Capital One to promote effective financial management in local communities. Capital One believes financial literacy and money management skills are crucial building blocks for success. Since its founding, Capital One has been investing in programs that prepare children, teens and adults for successful futures and economic self-reliance.

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