Topic: Financial Literacy
Target Population: Adults
Sector: Community-Based, Faith-Based
Military Sector: All Branches
TThis program is for adults who want to pay off their debt and build savings.
The Financial Peace University (FPU) program is a community- and faith-based curriculum that is designed to teach participants how to manage their money carefully, eliminate their debt, and save for the future.
No peer-reviewed publications evaluating the effectiveness of this program were located.
FPU is designed to help participants improve their finances. Lessons examine the following:
A Ramsey+ membership is required to access the FPU program, and membership includes a budgeting app, access to on-demand courses, a debt and savings tracker, and a financial coaching call.
FPU format options include in-person or virtual classes, a downloadable digital workbook, and online classes.
The FPU program began in 1994. FPU classes were first held for the military in 2001; the extent to which the FPU program is currently being used is unclear.
No training is required to implement this program. Individuals interested in hosting a course may purchase a Leader Membership, which includes materials for program implementation. For more information, please use details in the Contact section.
Considerations for implementing this program include acquiring participant buy-in and commitment, understanding that Christian-based bible verses and messages are presented, finding meeting space to hold classes that can accommodate 8 to 12 families, securing devices that can access the internet, and ensuring families who self-administer this program have access to the internet and suitable devices.
The Clearinghouse can help address these considerations. Please call 1-877-382-9185 or email Clearinghouse@psu.edu
If you are interested in implementing FPU, the Clearinghouse is interested in helping you!
Please call 1-877-382-9185 or email Clearinghouse@psu.edu
The program consists of 9 lessons. Weekly, in-person or virtual classes are 45 to 90 minutes each. Home study can be completed at a participant’s pace.
A Ramsey+ membership is required to access FPU. A 3-month membership costs $59.99, a 6-month membership costs $99.99, and a 12-month membership costs $129.99.
To move the FPU program to the Promising category on the Clearinghouse Continuum of Evidence, at least one evaluation should be performed demonstrating positive effects lasting at least one year from the beginning of the program or at least six months from program completion.
The Clearinghouse can help you develop an evaluation plan to ensure the program components are meeting your goals. Please call 1-877-382-9185 or email Clearinghouse@psu.edu
Contact the Clearinghouse with any questions regarding this program.
Phone: 1-877-382-9185 Email: Clearinghouse@psu.edu
You may also contact the Ramsey Concierge team by phone 1-888-227-3223 or visit https://help.ramseysolutions.com/hc/en-us?_ga=2.210875605.1931205669.1629822977-847968219.1629822977
