MANKATO — A new partnership will help develop financial counseling and education for university and high school students and the community.
The Minnesota State University Foundation has entered into a three-year charitable agreement with Schwab Advisor Services to establish the Charles Schwab Foundation Center for Financial Wellness in Minnesota State University’s College of Business.
The center is opening this fall in the College of Business before moving late in spring 2025 to the new Maverick Innovation Gateway, which will be housed in a location now under construction near the main campus.
The Charles Schwab Foundation has supported similar projects at colleges and universities in other states, but the pledge to MSU is the first of its kind to a university or college in Minnesota.
The center aims to create a universitywide, peer-to-peer financial counseling and education program, create financial education programs for the Greater Mankato community, provide financial literacy education for K-12 teachers and students, and financial literacy research, according to College of Business Dean Seung Bach.
“The financial services industry has a great demand for new talent over the next decade,” Bach stated in an MSU news release. “The most in-demand among them will be addressed by our new program, which this partnership will provide.”