Home » Business » Peer Mentors Help Students Navigate Financial Challenges

Peer Mentors Help Students Navigate Financial Challenges

by Priya Shah – Business Editor

WWU Peer Mentors Offer Judgment-Free Zone to Tackle Student Finances

BELLINGHAM, WA – ⁣Facing mounting expenses and limited income is a common struggle for college students, but Western Washington university (WWU) is ⁤offering a​ unique solution: free, peer-to-peer financial mentoring. The program, gaining traction on campus, provides students with a safe and supportive environment ⁢to navigate the often-stressful world of personal finance.

The core of the program lies in its empathetic approach. Effie Brickell, a senior financial ​economics major ⁣from Olympia who has served as a peer mentor⁤ since Spring 2024, emphasizes the importance of creating a welcoming space. “Empathy is huge here,” Brickell explained. “And being able to say,’oh,I’ve been through this exact same thing,I’ve⁣ struggled with the same thing,’ makes [the client] feel understood. There’s a lot of shame⁣ wrapped up in this stuff,right?⁤ And I just try to create ‍a ​really welcoming space where I’m like,you don’t have to feel ⁢guilty.”

The one-hour mentoring appointments are entirely customized to⁤ the student’s needs. Whether it’s crafting a budget, understanding student loans, or simply learning the basics of money management, the mentors are equipped to help. “People just have a lot of expenses and not a lot of income,” noted‌ a student who ‌has utilized the service, Tirhi. “Obviously, as​ a student, I think that’s the hardest thing to balance, especially because people can’t really get another part-time job or a full-time‌ job while​ in school.”

But the program ⁣goes beyond just ‍offering ⁤advice. Jeremy case, a senior finance major from Grass Valley, California, and a peer mentor since the program’s inception, utilizes tools to help students understand their relationship with money. “One of the first things I do when meeting with a new client is to try to determine a person’s money personality,” Case said. “We have a card game, and our website iGrad also has‌ a money personality quiz that you can take.”

The iGrad quiz‌ assesses⁢ financial behavior across various categories, providing students ‍with valuable insights into their strengths and weaknesses when it comes to⁣ managing their finances. This self-awareness is a crucial first step towards ‍building healthier financial habits.

WWU’s⁤ peer mentoring program is ⁢proving to be a valuable resource for students seeking ⁣to gain control of their finances and reduce the stress associated with money matters. It’s a testament to the power of ‌peer support and⁤ the⁤ importance of creating a judgment-free​ space to discuss sensitive topics.

To learn more about the WWU peer financial mentoring program and access the iGrad⁤ quiz, ‌visit [Insert WWU Financial Aid/iGrad Link Here – *Editor’s Note: Link to be added*]

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.