The unique financial management program offers peer-to-peer coaching.
The governing body of higher education in Texas recognized Red to Black, the innovative financial education program at Texas Tech University that trains students to serve as financial literacy coaches for their peers.
The Texas Higher Education Coordinating Board (THECB) recognized the peer financial coaching program at its quarterly meeting in Austin Thursday (Oct. 20). The recognition is not an award for which Red to Black submitted; THECB learned of the program, researched it and appreciated how Red to Black's mission fit into the organization's strategic plan to get more Texans educated. Good financial management falls under that umbrella.
It also is unusual in its format. Although many universities have programs to help students manage money, most have professionals helping students. Red to Black features students from the Department of Personal Financial Planning who coach their peers in matters of budgeting, saving, credit and more.
- "I was thrilled," said program director Angela Mazzolini. "I was just really excited to be recognized by the coordinating board. That's kind of like our Super Bowl."
- "The Red to Black program is a national model to prepare students to responsibly manage their financial resources while in school and significantly minimize their debt upon graduation," said Juan Munoz, vice provost of undergraduate education and student affairs. "Red to Black is helping our students succeed in college and their careers."
- "Texas Tech's Red to Black Peer Financial Coaching program empowers students with peer-to-peer financial literacy and education, enabling students to achieve their educational and financial goals," said David Gardner, THECB Deputy Commissioner for Academic Planning and Policy. "No one understands the needs and concerns of students better than fellow students. This innovative program is an excellent example of how Texas can achieve our student debt management goal in the 60x30TX strategic plan for higher education."
- "It is an honor for both Texas Tech University and the Red to Black Peer Financial Coaching program to be recognized for excellence by the THECB," said Kimberly Thornton, director of the Center for Campus Life. "It recognizes the amazing work Angela Mazzolini and the peer financial coaches are doing to help Texas Tech students become fiscally responsible, an important life skill. It also showcases Texas Tech's commitment to student success by providing innovative services to meet students' current needs.
By the numbers
Since Red to Black's inception in 2001 (excluding this semester):
- Had 331 students volunteer
- Given 1,387 presentations
- Reached 33,000 students with those presentations
- Met one-on-one with 1,235 students
CONTACT: Angela Mazzolini, program director, Red to Black Peer Financial Coaching, Texas Tech University, (806) 742-9781 or firstname.lastname@example.org