Graduate student financial literacy initiative launched

October 8, 2015

igrad financial literacy

This fall begins a new chapter in addressing and improving student financial literacy across the Institute — from job searching and salary negotiation to budgeting and tax preparation. A new financial literacy initiative, a collaboration between the MIT Office for the Dean of Graduate Education (ODGE), MIT Student Financial Services (SFS), and MIT Federal Credit Union (FCU), includes access to an online portal with extensive financial literacy resources free to every MIT community member. In order to foster use of the iGrad platform, the ODGE has begun hosting a series noontime financial literacy workshops. The next two workshops this term are:

  • “Managing Credit and Debit” (November 16, 12 noon, Room W20-308)
  • “How to Budget Your Money” (December 1, 12 noon, Room W20-308)

As Dean for Graduate Education Christine Ortiz has said in a recent faculty newsletter article, “Finances are a key aspect of graduate school, and financial literacy is a topic of increasing discussion on the national stage. We are committed to enhancing graduate student financial knowledge to support informed and effective decision-making regarding financial support, budgeting, and long-term planning.” Across the Institute, there has been a recognized need for clarity and advance planning on students’ part, including budgeting, investing, and record-keeping, as well as information about funding sources. Read more.

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