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Financial Capability Center

The mission of the Financial Capability Center is to provide students with experiential service learning opportunities, advance financial inclusion and capability in the local community, facilitate research initiatives and collaborations, and promote healthier financial behaviors.

 

 

The Center

         The Financial Capability Center works to provide financial education, counseling, and coaching to the local community by combining Merrimack’s determination to provide an innovative educational experience to our students with Merrimack’s service values through experiential service learning opportunities.            

The Commitment

     To our Students:

            Students who enroll in the four-credit Financial Capabilities course are instructed and educated on how to become successful financial coaches to clients of local nonprofits. The students develop a wide range of skills through faculty-led workshops where they learn financial management skills along with financial coaching techniques. Students also gain real-world experience as they are matched with local clients to offer financial capability coaching in the community. They provide one-on-one coaching sessions to support their clients in establishing and achieving self-selected financial goals. Students are supported in their coaching experience by Girard School of Business faculty mentors, trained to deliver financial capability services to low-income households, and by staff from our non-profit partners in Lawrence.   

     To our Community:

            The Center works to promote healthier financial behaviors to Merrimack students and the local community through workshops led by staff and coaches, as well as one-on-one coaching. Clients of local non-profits are empowered and supported to be educated on the financial skills necessary to reach self-chosen goals. Coaches are also available at weekly drop-in clinics on campus where they offer peer-to-peer coaching to Merrimack students, and at the Hands to Help center in Lawrence, where they serve local residents. 

Partnerships

            To effectively deliver its services in the community, the Center has partnered with ACT Lawrence, a non-profit community development corporation dedicated to financial empowerment, with Hands to Help, a community outreach partnership between Merrimack College and the St. Mary of the Assumption Parish in Lawrence, and with the Lawrence Public Schools.

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