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Program to Teach Students to Manage Money During College Years and Beyond

Program to Teach Students to Manage Money During College Years and Beyond

Bethlehem, Pa., October 16, 2007—Many Americans, including college students, have a difficult time managing their money. The Moravian College Accounting Club in collaboration with The Pennsylvania Institute of Certified Public Accountants (PICPA) will hold a program, “Money & Life: The College Years,” to help student learn how to handle her finances, save money, and avoid debt. The program, led by local Certified Public Accounts (CPAs), will be held on Thursday, October 18, at 4:30 p.m. in Prosser Auditorium, Haupert Union Building (HUB). All area college students are invited to attend.

The program is designed to introduce the campus community and general public to the New Feed the Pig™ national campaign that encourages young, working Americas to save. The campaign’s call to action reinforces the message to get reacquainted with the piggy bank concept and to save and build long-term financial security.

Timely issues will be highlighted such as: budget planning; financial priorities; credit card pros and cons; credit check; apartment rental details; student loans; and work study opportunities. The program is a learning model for financial literacy for everyone, and not designed on a technical level—it will provide valuable information/discussion concerning finances that confront all levels of society well beyond student life.

“Recent statistics show that 43% of families spend more than they earn each year, and the average household credit card debt is $8,000,” said John D. Rossi, III, C.PA., associate professor of accounting at Moravian College.  “In 2005, 2 million Americans filed for bankruptcy—the highest number in U.S. history. Financial literacy is important when managing one’s personal and business finances. This knowledge will help students in their current situation and when planning for the future,” he said.

In addition to the program, an information table will be displayed in the lobby of the Haupert Union Building on October 18, from 10 a.m. to 4 p.m.  Visitors are welcome to pick-up free information from the PICPA and meet Feed the Pig mascot Benjamin Bankes.  For more information on Feed the Pig visit the Website: http://www.feedthepig.org/.

A reception will be held in the HUB immediately following the program. The program is free and open to the public. For additional information please contact Kathleen Miller, PICPA Manager – Communications, kmiller@picpa.org or (215) 972-6188.

Pennsylvania Institute of Certified Public Accountants (PICPA) is a professional association of more than 19,000 CPAs working together to improve the profession and better serve the public interest. Founded in 1897, PICPA is the second-oldest and fifth-largest state CPA organization in the United States. Membership includes practitioners in public accounting, industry, government, and education. Headquartered in Philadelphia, with a government relations office in Harrisburg and a western regional office in Pittsburgh, PICPA full-time staff provides support for the organization’s broad range of activities.

The Haupert Union Building is located near the corner of Locust and Monocacy Streets in Bethlehem.

Moravian College is a private, coeducational, selective liberal arts college located in Bethlehem, Pennsylvania. Tracing its founding to 1742, it is recognized as America's sixth-oldest college. For more information, visit the web site at www.moravian.edu.