The Financial Literacy, Educational Planning and Outreach unit is a single point of service to assist Western Michigan University students, families and the local community with financial guidance. The utilization of this unit is to reduce the frustration and confusion for WMU students and families as they seek guidance, counseling and advice regarding personal finances. Our office utilizes a holistic and inclusive approach to facilitate financial literacy and educational planning that positively impacts college persistence. The University acknowledges that a strong correlation exists between academic success, retention and financial literacy skills and our unit plays a critical role in all three.
The Financial Literacy, Educational Planning and Outreach unit is a part of the Student Financial Aid office and shares the same mission by being a part of WMU’s central source for financial aid funding, information, planning and education.
Financial Literacy and Educational Planning at WMU
Financial literacy at WMU is defined as the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being. Educational planning is defined as the use of collaborative educational and financial advising resources with defined strategic guidelines used to obtain a timely degree completion.
The office of Financial Literacy, Educational Planning and Outreach housed in the Student Financial Aid office was recognized by LendEDU for being one of the top universities for their financial literacy program. WMU was ranked 35 out of 50 schools nationwide.