The Community Action partnership at the Massbay Community College (MCC) is launching an initiative to promote community-based financial literacy and to improve financial literacy at the school.
Community Action partners have been helping students with financial problems since the early 2000s.
They are a team of more than 50 people who work together to offer financial assistance to students with credit, disability and living expenses issues.
They also have a dedicated staff of more 80 staff.
In 2018-19, the partnership helped more than 7,500 students.MCC’s finance department manager, Cathy Smith, said the initiative would help students better understand how they could access help from their local community.
“What we’re trying to do is educate them about what’s happening around them, and we’re going to help them understand what they can do to make sure that it’s not just going to be a temporary thing, that they’re going be able to keep it and move on,” she said.MCCC is the only community college in Australia that offers a financial aid programme.
It’s the second time in as many years that the MCCs has announced plans to introduce financial aid to students.
In November 2018, the College was one of seven colleges across Australia to make a commitment to offering a financial assistance scheme to students who are currently paying their student loans.
Mcc’s partnership with the Community Action partner group, which is based at the centre of the community college’s financial aid strategy, has been a success, Smith said.
“We have seen that it has made a real difference to students’ lives,” she explained.
“And so it is really encouraging that they are using this as a model to help other students in their communities.”