Email this article to a friend
February 19, 2007
Red and Black Counseling Program Receives National Attention
The financial counseling program administered by the College of Human Sciences helps students get an early start on managing their finances.
Written by Cory Chandler
Budgets? Credit? Debt? For many cash-strapped graduates, already saddled with credit cards and buried under student loans, such terms fall into the four-letter-word category.
Yet in a country where personal spending outstrips savings, a bit of good advice can go a long way toward paring down – or even preventing – the monthly Everest of bills that avalanches through most mailboxes.
Such was the inspiration for Texas Tech’s innovative Red to Black counseling services, which help students tackle their debt before it can take root.
The program, now a model for other universities around the country, offers financial planning assistance to help Red Raiders keep their expenses in line at a time when they are perhaps most vulnerable to the allure of easy credit.
Free financial planning, peer-to-peer counseling and seminars offer sage tips for not only establishing credit, but using it wisely. Participants also learn the value of practices such as socking money away in savings, picking proper employee benefits and making smart car or house buys.
The Red to Black program is administered through Texas Tech’s Personal Financial Planning program in the College of Human Sciences.
Red to Black has received national attention and recently got a plug in an article on msnbc.com. The article, entitled Banks go back to school with credit cards, was written by Gayle B. Ronan and appeared online on Feb. 13.
Related
With Vicki Hampton of Texas Tech University, seen in Investment News
Raising the Bar, seen in Financial Advisor Magazine
A New Leaf, seen in Investment Advisor Magazine
Extension for flex accounts, seen in SFGate.com
Personal Financial Planning Program
Texas Tech's Personal Financial Planning program is implemented through the College of Human Sciences.
Texas Tech is a pioneer in the Personal Financial Planning field and played a major role in raising the standards for the industry. A member of the original 20 programs to offer board-certified personal financial planning degrees, Texas Tech helped pave the way for the creation of the more than 300 current financial planning programs nationwide.
The college is hosting a celebration in honor of the original 20 CFP® Board-registered financial planning programs. This four-day-event will take place Feb. 27 - March 3. Visit the program's Web site for more information.
Go to the Financial Planning Press Release.
Story produced by the Office of Communications and Marketing, 806-742-2136.
Web layout by Gretchen Pressley