Inclusive Financial Institutions in the New Year

Thursday, January 15, 2015

AEDI Faculty Director for the Financial Inclusion Project Terri Friedline is producing significant research regarding the role of financial institutions in facilitating financial capability development, particularly among young adults. Her work has revealed savings accounts' power to help young adults leverage other asset accumulation and highlighted these instruments as 'gateway' financial tools. She is putting this theory and empirical evidence into practice in a Children's Savings Account pilot project in Lawrence, Kansas, in a project that pulls together faculty from across the University, along with school district leaders and credit union representatives. In a recent piece for the Huffington Post, Friedline shares her vision for inclusive financial institutions and makes the case, from her research evidence, for how these financial services could transform lives. Stay tuned for more news from Lawrence, and check the AEDI website for more information on this project, coming soon!

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New Book Released

Today’s student loan system is in place because of a political compromise, and growing discontent with student debt may signal that this arrangement has run its course. While there are resources and organizations in place to help those struggling with debt, the time has come to consider a new direction for financial aid, William Elliott III and Melinda Lewis argue in “Student Debt: A Reference Handbook.”

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