Cal State Fullerton’s Center for Economic Education will be hosting their Financial Fitness Summer Institute for incoming-ninth grade students from Valadez Middle School Academy in Placentia, Orangeview Junior High in Anaheim and Nicolas Junior High in Fullerton.
Approximately 80 to 100 students are expected to attend the summer program from June 18 -22 which will include topics such as: careers, calculating take-home pay, buying versus renting a house, leasing versus purchasing a car, budgeting, saving, annual percentage yield and annual percentage rate, borrowing, use of ATM, use of credit, credit card statements, insurance, retirement planning, identity theft and investing in the stock market. Concluding the weeklong program will be a 10 a.m. June 22 visit from Sen. Lou Correa, a CSUF alumnus who graduated with an economics degree in 1980, who will speak on the importance of financial literacy and education.
“The goal is to not only to provide youth with financial skills, but also to encourage them to pursue a college education,” explained Radha Bhattacharya, professor of economics and director of the university’s Center for Economic Education, which oversees the program. “This program goes beyond financial literacy and shows students that through the act of saving every month, it is possible to make the opportunity of a college education a reality.”
The Financial Fitness Summer Institute is part of the U.S. Bank Economic Empowerment Program, which teaches students the importance and power of savings and also matches every $10 a participating student deposits each month into a college savings account. The program is funded by a combination of private and public funds — a $500,000 U.S. Bank award to the Mihaylo College of Business and Economics, plus $150,000 grant from the U.S. Department of Health and Human Services Assets for Independence.