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RCC students gain from financial literacy workshops

More than 70 Rappahannock Community College students took advantage of two free financial literacy workshops, held February 12 and 28 on both RCC campuses thanks to a generous grant for this specific purpose from the Matthew T. Blackwood Foundation Trust. Using materials and presenters from Clearpoint Credit Counseling Solutions, the workshops focused on developing and managing a personal budget and money flow, tracking expenses, and developing good spending habits now to ensure a sound financial future. Additional information was offered on wise use of credit, with tips on avoiding costly credit traps and building a strong credit rating.

RCC Student Support Services administrative officer Lorraine Justice, who organized the workshop, reported that the participating students were very attentive and asked many questions, particularly about credit card usage, credit score, and interest rates. Justice received several requests for additional workshops on the same subject in the future. “The Student Support Services program was grateful for the grant in order to provide much-needed information about financial literacy for our students,” she said. “Since the majority of the students will be transferring to a four-year college and will probably incur student loan debt, it is important for them to understand credit, interest rate, and credit card usage.”

The presentations fit right into the mission of the RCC Educational Foundation (RCC/EFI) to support activities leading to student success, said RCC dean of college advancement Victor Clough. “The Matthew T. Blackwood Foundation Trust is typical of RCC/EFI’s impassioned donors, who often have a specific area of interest or geographic portion of the RCC service region that they wish to support,” added Clough.

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