1300 West Park Street, Butte, MT fax Re: College Access Challenge Grant- Year 3 Work Plan

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2 Date: July 22, 2015 T: Rn Muffick Office f the Cmmissiner f Higher Educatin Frm: Dr. Carrie Vath Directr f Student Success Re: Cllege Access Challenge Grant- Year 3 Wrk Plan Mntana Tech, including Highlands Cllege, requests cntinued supprt f ur imprtant effrts t prvide, sustain, and imprve the financial literacy and default-preventin educatin prgrams available t the students f Mntana Tech thrugh the Cllege Access Challenge Grant. During the first year f the prgram we fcused n infrastructure and develpment and year 2 fcused n implementatin and assessment. A cmplete list f Year 2 bjectives are in Table 1. In line with MUS best practices, sme f ur prject highlights include hiring undergraduate financial ambassadrs, incrprating a class visit and a required assignment in the Cllege Success curse, and eight presentatins/activities during Financial Literacy Awareness Mnth. In Year 3 we plan t expand ur utreach, services, and presence t the suth campus while cntinuing t fster institutinal supprt thrugh cllabrative activities (Table 2). Year 2 utcmes and Year 3 plans are presented belw. Year Cllege Access Challenge Grant Outcmes Key Year-2 utcmes f the Mntana Tech Cllege Access Challenge Grant include: Jenna Aldred, Financial Literacy Specialist, did presentatins n mney management in each f the Cllege Success classes. Students were als required t set up ne-n-ne sessins (228 students participated), ur website and Facebk page was updated regularly, and Jenna submitted five Financial Literacy articles in StudentHealth101. Ever-Fi was well received by students and 88% f students cmpleted the mdules. Year Cllege Access Challenge Grant Plan In rder t reach the mst financially high-risk students at Mntana Tech the financial literacy specialist will be mved t the Academic Center fr Excellence Suth (ACES). Time will return t a 50/50 split between Financial Literacy and Financial Aid. A graduate student will be hired and will be statined in the Academic Center fr Excellence (ACE) n the nrth campus. This psitin will be 20hrs/wk and the graduate student will fcus n utreach and ne-n-ne cunselling sessins. The Financial Literacy Specialist and Graduate Student will bth d the fllwing prgrams n each campus: Present a Minimum f 6 Financial Literacy Wrkshps- Wrkshps will fcus n budget and debt management, saving plans, financial plan Page 1 f 4

3 1300 West Park Street, Butte, MT develpment and gal setting while in cllege, credit reprts/scres, repayment plans and lan frgiveness, and planning fr financial management after graduatin. Prvide Individual Financial Cunseling Sessins- available t all enrlled students, but targeting students with a high debt prfile, high debt prfile t ptential incme, and/r high debt prfile t credits earned. Prmte Financial Literacy Resurces- Cntribute mnthly Diggin Finance articles thrugh StudentHealth101, actively pst financial literacy news, wrkshps, and annuncements and respnd t student inquiries via the Financial Literacy Facebk page, and cllabrate with financial aid, career services, and the wellness task frce t prmte financial literacy and engage with students. Financial Literacy will cntinue t be part f the Dn t Cancel That Class prgram and we will attempt t make presentatins abut the financial literacy services at department meetings. Mnitr Cmpletin f EverFi-Transit Financial Wellness Mdulescntact and schedule meetings with any students receiving federal financial aid wh have nt cmpleted the mdules. The Financial Literacy Advisry Cmmittee will cntinue t meet a minimum f fur times per year t develp utreach effrts (cmmittee members include representatin frm: the business ffice, financial aid, faculty (business department), career services, and Dir. f Assciate f Science Prgram). Authrized Organizatin Representative Beverly Hartline, Vice Chancellr fr Research cc: Dug Abbtt, Prvst/Vice Chancellr fr Academic Affairs Paul Beatty, Assciate Vice Chancellr f Student Affairs Page 2 f 4

4 Prpsed Budget Year 3 ( ) Budget Categry Budgeted Amunt Details Salaries and Wages Financial Literacy Specialist (Jenna Aldred) $ 12, Graduate Student $ 9, hrs/wk/$12.50/hr/9mnths Subttal $ 21, Emplyee Benefits Health Insurance ($887/mnth*50%*12 m) $ 5, Aldred Benefits 29.5% $ 3, Graduate Student Benefits 3% $ Subttal $ 9, Travel OCHE Visits/Training $ Fuel/Transprtatin Subttal $ Materials and Supplies ACES Office Renvatin $ - Labr and Materials (MTech Maintance )* Office $ Paper, Ink, business cards, cpies, etc Graduate Fee Waiver $ 4, $2,200/per semester 9 Credits Bks $ Financial Educatin Resurce Bks Subttal $ 4, Indirect Csts (8% TDC) $ 3, % f $46,893 Ttal Direct Csts Subttal $ 3, Equipment N/A Other Prmtinal Items $ Give Aways (pens, stickie ntes, etc) Cmmunicatins $ Mailings/pstage Subttal $ TOTAL $ 40, * Dean f Highlands Cllege will cver renvatin csts & Office furintutre, printer, and cmputer will be supplied by ACES Page 3 f 4

5 Table 1. Objectives and prgress fr Year Cllege Access Challenge Grant Ojectives Objective Met? 1 Expand Fin. Literacy Specilaist frm 50% t 75% time & change title YES 2 Hire and Train Financial Ambassadrs YES 3 Prvide Financial Literacy Wrk Wrkshps YES 4 Prvide Individual Financial Cunseling Sessins YES 5 Prmte Financial Literacy Resurces YES 6 Mnitr Ever-Fi YES 7 Develp a 1-credit Curse NO* 8 Pilt Early Interventin Sftware NO** 9 Establish Finacial Advisry Cmmittee YES 10 Students n Financial Suspensin will meet with FEPM & Dir. f Student Success NO*** * A curse was already created by Business Dept. but d nt have anyne t teach it ** A new sftware is being purchased by campus ***Students are meeting with Dir. f Financial Aid Table 2. Prpsed timeline fr Year AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG Administratin Financial Literacy Specialist (GTA) A dvertise, Interview, and H ire A A/I/H A Train, Supervise and E valuate T/S S S S/E S S S S S/E EverFi- Transit (M= Mnitr; F= Fllw-up) M M M/F M/F M/F M M M/F M/F M/F M Financial Literacy Advisry Cmmettee Meetings X X X X Prgress Reprts - Submitted t OCHE X X X Final Reprt- Submitted t OCHE X X Reprt Submitted Year Prpsal X X Prpsal Submitted Cmmunicatin StudentHealth101- Financial Tips X X X X X X X X X X X Facebk Page Psts X X X X X X X X X X Educatin Financial Literacy Awareness Mnth X X X X X X P lan, A dvertise, and E vents P P A E Individual Financial Cunseling Sessins X X X X X X X X X X Meetings with "At-Risk" Students X X X X X X X X X Page 4 f 4