MICHELLE JONES: FINANCIAL CHALLEGES AND OPPORTUNITIES

The purpose of this case is to explore the financial challenges faced by college students and to underscore the need for students to make sound financial decisions while in school and after graduation. This case is best suited for discussion in a Personal Finance class. However, there are components...

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Bibliographic Details
Published in:Journal of the International Academy for Case Studies 2015-07, Vol.21 (5), p.69
Main Authors: Evans, Michael D, Hall, Yvette I
Format: Article
Language:English
Subjects:
Case studies
College students
Executives
Financial institutions
Internships
Investments
Minority students
Parents & parenting
Personal finance
Personal profiles
Secondary schools
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Summary:The purpose of this case is to explore the financial challenges faced by college students and to underscore the need for students to make sound financial decisions while in school and after graduation. This case is best suited for discussion in a Personal Finance class. However, there are components that lend themselves to the Introductory Finance class as well. The case can be discussed in 2 class periods and will require 3-4 hours of outside preparation by students. Upon completion of the case, students will be able to prepare and analyze Personal Financial Statements and assess one's net worth. They will be able to explain the importance of establishing credit, using it wisely and propose strategies for improving one's credit score. Students will also be able to apply time value of money concepts to calculate loan payments and make retirement projections. Students will explore key personal financial planning concepts through the eyes of Michelle Jones, a recent graduate of Johnson C. Smith University. They will also be afforded the opportunity to assess their own personal finances through a series of hands-on exercises.
ISSN:1078-4950
1532-5822