Capital One Fiscal U Program Teaches Financial Management Skills to Student-Athletes; Program Offered to 1,600 Colleges and Universities Across the Nation
Capital One and NACDA partner to launch new financial literacy program to provide training and resources on saving, budgeting, credit and debt management, and investing
November 14, 2013 /3BL Media/ - Capital One Financial Corporation, in partnership with the National Association of Collegiate Directors of Athletics (NACDA), has launched Capital One Fiscal U to provide student-athletes with personal finance basics in areas including saving, budgeting, credit and debt management, and investing. This program is now being offered to more than 1,600 colleges and universities across the nation as part of their student-athlete program.
“Financial literacy becomes a critical skill during college, when students are away from home, making decisions with potential long-term impacts on their financial futures,” said Roger Ferguson, managing vice president, sponsorships, Capital One. “As an NCAA Corporate Champion and long-time sponsor of numerous collegiate athletic programs, Capital One is committed to supporting all areas of college sports and contributing resources to help student-athletes reach their goals on the playing field and in the classroom.”
Through Fiscal U, a web-based program, student-athletes are presented with a series of key financial decisions they can expect to face at some point in life. Student-athletes must choose which action to take, while a virtual financial coach helps the participants learn from their decisions.
The program’s interactive website also provides student-athletes with direct access to a suite of online resources and fact sheets to guide them through various financial situations including:
· The Benefits Of Completing A College Degree
· Student Loan Interest Deduction
“Capital One’s Fiscal U program has been a great addition to the benefits we are able to offer our member institutions for their student-athletes and we’re confident it will be widely embraced,” said NACDA Executive Director Bob Vecchione. “We’re pleased to be a partner on this program, which will provide real life skills to help ensure our athletes can make smart decisions about their financial futures.”
Capital One has long invested in programs and partnerships designed to advance financial literacy in the United States. The Fiscal U program adds to the existing suite of financial literacy tools and resources available on Capital One’s website at www.capitalone.com/financialeducation.
“Capital One is a valued Corporate Champion of the NCAA and has helped to provide a direct, positive impact on the academic and developmental opportunities afforded to over 450,000 NCAA student-athletes each year,” said Matt Wolfert, Director, Championships and Alliances for the NCAA. “The creation of Capital One Fiscal U is an example of how to further educate students and we truly appreciate Capital One’s commitment.”
An NCAA Corporate Champion, Capital One began its affiliation with college sports with the sponsorship of the 2001 Capital One Florida Citrus Bowl (now the Capital One Bowl) and ESPN’s Capital One Bowl Week. In addition, Capital One sponsors the ABC College Football Halftime Report, Capital One All-America Mascot team, Capital One Academic All-America Program, and supports all 89 NCAA Championships including the Division I Men’s and Women’s Basketball Championships, and numerous other collegiate athletics programs. In addition, each year Capital One supports the annual Capital One Cup award, which provides $200,000 toward student-athlete scholarships to each of the best men’s and women’s Division I athletics programs in the country.
NCAA is a trademark owned or licensed by the National Collegiate Athletic Association. All other licenses or trademarks are property of their respective holders.
About NACDA
NACDA, now in its 49th year, is the professional and educational Association for more than 10,400 college athletics administrators at more than 1,600 institutions throughout the United States, Canada and Mexico. More than 4,000 athletics administrators annually attend NACDA & Affiliates Convention Week. Additionally, NACDA manages 13 professional associations and three foundations. For more information on NACDA, visit www.nacda.com.
About Capital One
Capital One Financial Corporation, headquartered in McLean, Virginia, is a Fortune 500 company with more than 900 branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia, and the District of Columbia. Its subsidiaries, Capital One, N.A. and Capital One Bank (USA), N. A. offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients. We apply the same principles of innovation, collaboration and empowerment in our commitment to our communities across the country that we do in our business. We recognize that helping to build strong and healthy communities - good places to work, good places to do business and good places to raise families - benefits us all and we are proud to support this and other community initiatives.
About the NCAA
The NCAA is a membership-led nonprofit association of colleges and universities committed to supporting academic and athletic opportunities for more than 450,000 student-athletes at more than 1,000 member colleges and universities. Each year, more than 54,000 student-athletes compete in NCAA championships in Divisions I, II and III sports. Visit www.ncaa.org and www.ncaa.com for more details about the Association, its goals and members and corporate partnerships that help support programs for student-athletes.
Contacts:
Julie Work (440) 788-7468 jwork@nacda.com
Shelley Solheim (917) 589-6203 shelley.solheim@capitalone.com
