Integrating Individual Student Advising into Financial Education to Optimize Financial Literacy in Veterinary Students.

08:00 EDT 13th June 2019 | BioPortfolio

Summary of "Integrating Individual Student Advising into Financial Education to Optimize Financial Literacy in Veterinary Students."

The debt-to-income ratio (DIR) of Doctor of Veterinary Medicine (DVM) students has exceeded the recommended 1.4 and it is predicted that the DIR will approach 2.18 by 2026. The associated stressors negatively impact professional satisfaction and well-being. In conventional approaches to financial education, content is delivered to groups of students as part of the curriculum, but with little opportunity for application. Research in medical and financial education suggests that convenient timing, relevant subject matter and individualization are key characteristics of a successful program that promotes retention and application of knowledge. In this article, we describe an integrative approach to financial education developed by the Colorado State University (CSU) Financial Education Specialist (FES). The FES position requires that the individual be qualified to provide one-on-one financial advising to DVM students as well as develop targeted curricular interventions and optional workshops. Data from student and alumni surveys suggest that this integrative approach to financial education both improves knowledge and alters behaviors surrounding financial management. Interest from academic and professional entities across the United States reflects recognition of the program as an emerging best practice. We describe lessons learned through program implementation, including demands for FES services throughout the academic year, and topics relevant to each student cohort. We propose that providing one-on-one financial advice to DVM students is a critical component of a broader financial education program. Actualizing timing, relevance, and individualization, this integrated approach optimizes opportunities for knowledge application and ultimately behavioral change.


Journal Details

This article was published in the following journal.

Name: Journal of veterinary medical education
ISSN: 0748-321X
Pages: 1-11


DeepDyve research library

PubMed Articles [9697 Associated PubMed Articles listed on BioPortfolio]

Academic advising in undergraduate education: A systematic review.

The aim of this review is to describe academic advising schemes at the undergraduate level, examine the perspectives of advisors and advisees towards the schemes, and explore the implications of acade...

The Financial Life of Aspiring Veterinarians.

The stress of veterinary students ranges from the financial stress associated with high student loan debt combined with possible credit card debt, to relational stress due to lack of time to commit to...

Patient Motivation to Participate in Medical Education.

Student education focuses increasingly on case-related teaching. Often the consent of the patient to participate in student education is supposed to be provided. In most instances this is taken for gr...

The effects of vocational interest on study results: Student person - environment fit and program interest diversity.

The extent to which a good person-environment (PE) interest fit between student and study program leads to better study results in higher education is an ongoing debate wherein the role of the study p...

Nursing student attitudes to people labelled with 'mental illness' and consumer participation: A survey-based analysis of findings and psychometric properties.

Understanding student attitudes towards people diagnosed with mental illness is central to realising evidence-based nursing education and policy at an international level. Redressing stigmatised views...

Clinical Trials [5608 Associated Clinical Trials listed on BioPortfolio]

Integrating Financial Management Counseling and Smoking Cessation Counseling to Reduce Health and Economic Disparities in Low-Income Immigrants

This is a 24 month pilot project that will implement and evaluate an innovative program that integrates financial counseling with smoking cessation counseling for low-income immigrants.

Oral Therapeutic Education in Stimulated Parkinsonian Patients

The effect of periodontal disease on the general condition of patients remains today underestimated in Parkinson's disease. The BUCCO-PARK project aims to carry out an exploratory study of...

Social Norms and Antihypertensive Medication Adherence

The study objective is to build group social norms to improve individual adhere to antihypertensive medications. Financial incentives are provided to individuals contingent upon group beha...

Testing the Effectiveness of Integrating Relationship Education Into an Existing Workforce Readiness Program

The project will test the strategy of integrating 25 hours of relationship education into an existing employment program for low-income individuals ages 18-30. It will use a 2-arm randomiz...

The Impact of Family Financial Support on Parental Mental Health

We have partnered with financial coaching organizations to establish what we have termed a "Medical-Financial Partnership (MFP)" that offers financial coaching to improve financial and men...

Medical and Biotech [MESH] Definitions

A financial account set up between a financial institution (such as a commercial bank) and a customer (individual, group, or business), whereby the latter may deposit and withdraw money, and where applicable, be paid interest.

Financial support for training including both student stipends and loans and training grants to institutions.

Education of the individual who markedly deviates intellectually, physically, socially, or emotionally from those considered to be normal, thus requiring special instruction.

Investigations into the problems of integrating research findings into nursing curricula, developing problem solving skills, finding approaches to clinical teaching, determining the level of practice by graduates from different basic preparations, etc.

An examination, review and verification of all financial accounts.

Quick Search


DeepDyve research library

Searches Linking to this Article