Office of the Commissioner of Higher Education
Financial Literacy Center
The Commissioner of Higher Education has designated the Office of Student Financial Services to provide campuses with the tools needed to effectively administer programs related to financial aid, financial literacy, default prevention and debt management. This section provides the resources and information to accomplish these initiatives as well as information regarding related system wide policy goals.
2013-2014 MUS Financial Literacy Programs
The Office of the Commissioner of Higher Education (OCHE) was designated by Governor Steve Bullock to receive funding of $1.4 million from the College Access Challenge Grant (CACG) for the period August 14, 2013 through August 13, 2014, of which $400,000 has been designated to financial literacy efforts. The College Access Challenge Grant (CACG) Program is a formula grant program that is designed to foster partnerships among Federal, State and local government entities and philanthropic organizations to significantly increase the number of underrepresented students who enter and remain in postsecondary education. CACG provides grants to States to meet the needs of underrepresented students and families.
Student Financial Services (SFS) within OCHE is administering the grant and is issuing a Request for Proposals. A number of sub-grants will be awarded to University System campuses to develop and enhance coordinated campus-based financial literacy programs that address the Affordability Taskforce findings. SFS staff, in conjunction with campuses, will facilitate and coordinate a more inter-connected and consistent approach to financial literacy throughout the Montana University System and the State.
The College Access Challenge Grant sub-grant recipients include the following MUS schools:
- Dawson Community College
- Flathead Valley Community College
- Great Falls College - MSU
- Helena College - UM
- Miles Community College
- Montana Tech
The College Access Challenge Grant sub-grant recipients include the following Tribal Colleges:
- Aaniiih Nakoda College
- Blackfeet Community College
- Chief Dull Knife College
- Fort Peck Community College
- Little Big Horn College
- Salish Kootenai College
- Stone Child College
2013-2014 MUS Campus Reports
2012-2013 MUS Financial Literacy Programs
The Montana University System, Office of Student Financial Services (SFS) recently announced sub-grant awards for the College Access Challenge Grant Program for academic year 2012-2013. The eight sub-grants awarded to schools across Montana were selected through a competitive process. Successful applicants will work to strengthen Montana’s financial literacy programs in an effort to reduce student debt and enhance and connect existing efforts using a coordinated and collaborative approach. Their programs will advance best practices, target high-risk students, focus on low-income and other underrepresented groups as well as address the general student population’s need for financial literacy education.
The Montana College Access Challenge Grant - Financial Literacy Program is funded through the federal College Access Challenge Grant Program. (CACG) The CACG is a federally funded formula grant program designed to foster partnerships among federal, state, and local government entities and philanthropic organizations through matching challenge grants that are aimed at increasing the number of low-income students who are prepared to enter and succeed in post-secondary education. The Office of the Commissioner of Higher Education (OCHE) received funding of $1.5 million for academic year 2012-2013 and sent out Request for Proposals to fund a number of sub-grants to Montana campuses for development and enhancement of coordinated campus-based financial literacy programs and to enable a more inter-connected approach to financial literacy throughout the Montana University System and the State by using the CACG funds.
The College Access Challenge Grant sub-grant recipients include the following schools: