Location
MD217, Paul Cardinal Shen Medical Building, Fu Jen University
Start Date
28-5-2015 1:30 PM
End Date
28-5-2015 2:40 PM
Description
School year 2013-14 marked the start of a partnership between the Office for Social Concern and Involvement (OSCI) and the John Gokongwei School of Management (JGSOM). Both visualize an enhanced formation program for the students through service-learning.
Service-learning happens when students are in their second year. It is at this time when RA 91631 is offered and JGSOM students start learning financial concepts in their management subjects.
Social formation and academic learning becomes a single entity through financial literacy2. Financial concepts were taught to 1,364 identified conditional cash transfer (CCT) beneficiaries, a government program implemented by the Department of Social Welfare and Development (DSWD) for the poorest of the poor. JGSOM is the only academic partner of DSWD that facilitates financial literacy.
CCT beneficiaries attended seven finlit sessions that included budgeting, savings and debt management. Certificates of completion were awarded to those who attended a minimum of 5 sessions
This study highlights the feedback from stakeholders for the initial implementation of finlit. Quantitative and qualitative data were gathered through a survey from the student facilitators, an FGD with randomly selected beneficiaries, and feedback from OSCI and JGSOM.
After a year, it was recommended that students undergo the finlit sessions first before teaching their learned financial concepts. With language as a concern, training on conversational Filipino was seen as important in preparing the student facilitators.
Recommended Citation
Baniel, Z. S., & Flores, N. R. (2015, May). Service-learning as a strategy for social formation of students and CCT beneficiaries through financial literacy. Paper presented at the 5th Asia-Pacific Regional Conference on Service-Learning: Love Journey: Community Engagement through Service-Learning, Fu Jen Catholic University, Taiwan.
Included in
Service-learning as a strategy for social formation of students and CCT beneficiaries through financial literacy
MD217, Paul Cardinal Shen Medical Building, Fu Jen University
School year 2013-14 marked the start of a partnership between the Office for Social Concern and Involvement (OSCI) and the John Gokongwei School of Management (JGSOM). Both visualize an enhanced formation program for the students through service-learning.
Service-learning happens when students are in their second year. It is at this time when RA 91631 is offered and JGSOM students start learning financial concepts in their management subjects.
Social formation and academic learning becomes a single entity through financial literacy2. Financial concepts were taught to 1,364 identified conditional cash transfer (CCT) beneficiaries, a government program implemented by the Department of Social Welfare and Development (DSWD) for the poorest of the poor. JGSOM is the only academic partner of DSWD that facilitates financial literacy.
CCT beneficiaries attended seven finlit sessions that included budgeting, savings and debt management. Certificates of completion were awarded to those who attended a minimum of 5 sessions
This study highlights the feedback from stakeholders for the initial implementation of finlit. Quantitative and qualitative data were gathered through a survey from the student facilitators, an FGD with randomly selected beneficiaries, and feedback from OSCI and JGSOM.
After a year, it was recommended that students undergo the finlit sessions first before teaching their learned financial concepts. With language as a concern, training on conversational Filipino was seen as important in preparing the student facilitators.