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Fashion Institute of Design and Merchandising, commonly referred to as FIDM, is located on four campuses throughout California. With over 30 accredited Master’s, Bachelor’s and Associate Programs in design and creative business, they knew they had a creatively savvy group but wanted to find a way to help them be money savvy, too. During their search for a financial education platform, they needed an outside-of the-box approach.

“The students really learn from Financial Avenue,” says Martha Ramos, FIDM’s Stafford Repayment Coordinator. “The content isn’t easy, but it’s easy to learn. It’s written in a way that they can understand it.” Ramos also says she appreciates that courses are designed with testing immediately following each module so what they’ve learned is fresh in students’ minds.

A week before financial clearance, students are required to turn in their Financial Avenue grades. Without it, they cannot register for upcoming classes.

Continued use of Financial Avenue is part of FIDM’s strategy to maintain their low CDR, if not continue to decrease it, especially if the program is expanded to all students.

Financial Avenue helps students think twice about what they’re doing when it comes to money, Ramos says. And having financial skills will help them consider how their actions today are going to affect them tomorrow.

Ramos says, “I had a student who was asking me something about credit cards, something she learned in the course skills. The course taught her the importance of reading her statements, something she’s going to work on to understand better.”

By the end of the program, students who previously doubted the necessity of the courses are converted to financial education believers.

To learn more about Financial Avenue, contact your Business Development representative.