West Virginia Wesleyan College's Enactus team, formerly SIFE, was selected to participate in "Up to Us" - a privilege only awarded to up to 25 collegiate groups nationwide as part of the Clinton Global Initiative.
The competition is a campus initiative intended to give groups of students the power to educate their peers on the federal debt, its long-term consequences and what solutions may be present.
Among last year's participating schools were Brown University, Georgetown University, University of Virginia, and American University, to name a few. This year, Wesleyan is the smallest school with a group that was awarded the grant.
The Enactus team at Wesleyan focused their winning proposal on educating fellow students on financial literacy issues. As part of the planning process, Enactus President Jessica Anderson, a senior environmental science major from Marietta, Ohio, will travel to San Jose, Calif., at the end of the month for the "Net Impact" conference.
After the conference, Anderson will regroup with sophomore accounting major Greg Strader of Moon Township, Pa., proposal co-author, and the rest of the team to finalize how they will educate their peers. The students plan to present to two markets, freshman and seniors.
The freshman information will focus on credit card awareness, establishing good credit, and properly managing student loans. At the senior level, the group would like to focus on how to manage a household budget, including information such as mortgages, 401k contributions, and the importance of saving and even establishing good credit.
With both groups, the Enactus lessons will cover how a household must balance a checkbook. There are long-term consequences of our government failing to operate under a balanced budget, including, but not limited to higher taxes, individuals dropping out of the workforce, and an inability to provide public programs.
The effectiveness of the final projects will be judged by a panel of business leaders and President Clinton will present an award to the top team in April of 2014.
Enactus is an international non-profit organization that brings together student, academic and business leaders who are committed to using the power of entrepreneurial action to improve the quality of life and standard of living for people in need.
For more information on Enactus, please contact Kelly Hughes, Enactus advisor, at firstname.lastname@example.org.