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!
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.”
- Save a Little, Gain a Lot: Cultivating College-Saver Identities By Melinda Lewis
- Building College-Saver Identities among Latino Immigrants by William Elliott
- Does Community Access to Alternate Financial Services Relate to Individual's Use of Service by Friedline and Kepple
- Do Community Characteristics Relate to Young Adult College Students’ Credit Card Debt? by Friedline, West, Rosell, Serido and Shim
- The Potential for Savings Accounts to Protect Young Adult Households from Unsecured Debt by Friedline and Freeman
- One of 34 U.S. public institutions in the prestigious Association of American Universities
- Nearly $290 million in financial aid annually
- 44 nationally ranked graduate programs.
—U.S. News & World Report
- Top 50 nationwide for size of library collection.
- 23rd nationwide for service to veterans —"Best for Vets," Military Times