CFEE Guidebook

13 BUILDING FINANCIAL CAPABILITY THROUGH FINANCIAL COACHING OVERVIEW OF PARTICIPANTS Credit vs. Non-credit  Non-credit ESL Students  Credit Students. Full-time & Part-time Coaching Participant Profile Age Range . (all participants) 18-48 . Average Age 26 . Working . Part-time or Full-time 62% Majors  Business, Accounting, & Marketing  Other Career & Technical Education Programs  Liberal Arts & Other 15% 85% 40% 25% 35% Participant Outcomes 2018-19 In 2018-19 our participants achieved: Total savings of over . $152,000 Average savings . $1,642 Average debt reduction . $2,453 Average credit score improvement . 37 points Students w/new/higher-paying jobs . 20% Graduation rate . 29% * Persistence rate (fall to fall) . 92% ** * Graduation rate = Percent of credit students graduating. ** Persistence = Percent of students continuing fall-to-fall or completing a degree or certificate. $1,800 $1,350 $900 $450 0 Year 1 Year 2 Year 3 Year 4 Year 5 Increase in Savings–Five Year Results Credit Score Improvement–Average Number of Points 0 Year 1 Year 2 Year 3 Year 4 Year 5 38 28.5 19 9.5 0 Year 1 Year 2 Year 3 Year 4 Year 5 $2,600 $1,950 $1,300 $650 Average Debt Reduction–Five Year Results FIGURE 1