The Council of Graduate Schools announced that it would give MSU $40,000 to pay for the program.
Associate Dean of the Graduate School Karen Coats says MSU will use the money to educate graduate students about financial literacy. Because students are borrowing more to pay for education, they may need help managing their personal finances and making decisions about saving, spending and borrowing.
Colleges nationwide competed for the grants. The graduate schools group plans to measure the effectiveness of each program to determine the best ways to improve financial education for undergraduate and graduate students nationwide. It plans to release interactive tools to help students over the next two years.