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Longwood University Adopts Capital One's MoneyWi$E University Financial Education Program

Posted on: Monday, 29 August 2005, 12:00 CDT

Students at Longwood University are getting an introduction to the basics of personal financial management this year, thanks to the Student Affairs Department and leading financial services provider Capital One (NYSE:COF). The university will participate in Capital One's college financial education program, MoneyWi$e University, which provides students with an interactive training curriculum that focuses on the basics of budgeting, using credit wisely and making responsible financial decisions.

"We congratulate Longwood University for taking the initiative to incorporate financial education into their student programming," said Diana Don Colby, director of financial education at Capital One. "Providing students with the financial skills they need during their college years will better-prepare them to make good financial decisions throughout their lives and we are very pleased that our MoneyWi$e University program can play a role."

Capital One works in partnership with Visa to provide a portion of the educational curriculum to its participating university partners. The Practical Money Skills for Life curriculum covers a variety of financial topics including financial decision-making and goal-setting, budgeting, banking services, living on one's own, understanding credit and credit cards, and saving, among others.

"For many students, the college years are the first experiences they have living on their own and handling the responsibility of managing money," said Kerstin M. Soderlund, director of leadership and new student programs.

"We see a real need for more education on this topic for our students and we are eager to participate in Capital One's program." As a supplement to the program, Capital One has designed and tailored a Web page where Longwood students can access more information about basic money management. The Web site provides an overview of the program, links to the Capital One-Visa Practical Money Skills curriculum, additional resources such as loan calculators, and information on related topics, including developing a budget and protection against identity theft.

Other MoneyWi$e University program partners include: Washington State University, Boston University, The University of Alabama, St. Francis University, and the University of South Florida. The program curriculum has been endorsed by the National Association of Student Financial Aid Administrators (NASFAA) and the National Orientation Directors Association (NODA).

For more information on bringing the MoneyWi$e University program to a college or university campus, please visit www.moneywise-u.com.

About Capital One

Headquartered in McLean, Virginia, Capital One Financial Corporation (www.capitalone.com) is a bank holding company whose principal subsidiaries, Capital One Bank, Capital One, F.S.B. and Capital One Auto Finance, Inc. offer a variety of consumer lending products. Capital One's subsidiaries collectively had 48.9 million accounts and $83.0 billion in managed loans outstanding as of June 30, 2005. Capital One is a Fortune 500 company and, through its subsidiaries, is one of the largest providers of MasterCard and Visa credit cards in the world. Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 500 index.

Source: Business Wire

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