Course: Collegiate Athletes Program

CSTA – Module 05 – Banking, Credit and Debt

It is very important for student-athletes to develop an understanding about how banks work so that they can manage their banking to their best interest and this is what we are trying to do in this module. Properly managed bank accounts can reduce expenses and protect the student-athletes’ personal information. Making purchases on credit is a major part of everyday life to the point that it is being frequently abused and may be transformed into excessive debt which is not manageable. By understanding ‘good’ and ‘bad’ debt student-athletes will be able to utilize debt when and where it best suits their overall financial plan. In this module we aim to present the basic banking operations that most closely relate to your future needs and discuss the different banking risks associated with credit, debt and credit history. Moreover, this module discusses the risks of loans and being in debt, as well as presents ways of keeping debt under control. The module is divided into six separate sessions with each session addressing a key area of the module’s theme.

Topic: Financial & Life Skills Program
Module: 5