Education Company Tackling Student Debt

MANHATTAN, N.Y. - Sept. 11, 2014 - PRLog -- Outstanding student loan debt in the United States lies between $902 billion and $1.3 trillion with around $864 billion in Federal student loan debt, according to a statistic by the Federal Reserve Bank of New York. With the ever heightening costs of college tuition, education costs are continuing to break the backs of the nation’s future - its students.

In order to spark a significant discussion about money, education and the growing problem of student debt, Certified Public Accountant, Somya Munjal, started blogging about financial literacy. Two years later, the blog inspired her financial education technology company, Youthful Savings (YS).

The YS mission is to inspire students to “Save. Educate. Create.” By empowering the youth with the tools to pursue higher education, YS promotes education as an agent for change. “It all goes back to disrupting the cycle of poverty. I never understood why some people seemed to have everything all while others didn’t have anything. We work on knowledge and resource redistribution." Munjal states on the Youthful Savings website.

https://www.youtube.com/watch?v=qIZt_7I20UM



On September 8, 2014, YS launched a college planning web application, “Financial Freedom” that gives students the tools to take charge of their finances. Access to the website, www.ysfinancialfreedom.com, is free, but personalized college and financial planning is offered for $48 through a 24/7 help desk. On the app, students can keep track of their student loans and college expenses and invest in optimizing their full potential.

In addition to the Financial Freedom App, Youthful Savings has partnered with the Avondale Meadows Academy to include the Youthful Savings Financial literacy program as one of the Academy’s Monday Enrichment Clubs for the Fall Semester. YS incorporates its innovative “My Own Business Challenge”, a unique eight week course that effectively teaches the next generation how to create a business while also teaching essential financial education. Led by YS College Community Engager Howard Stevenson, select students are chosen to participate in the program, during which they create a business out of their personal strengths and are incentivized for how much they save.

YS also announced a partnership with the organization UWANTGAME, founded by Joe Branch and Bill Bobbora to help student athletes reach their potential in academics, athletics and personal growth through life skills and career development as well as mentor relationships with successful former collegiate athletes. YS will promote their college planning and entrepreneurship curriculum and applications to the youth they serve.

“We’ve worked really hard at Youthful Savings to embed a strong culture of optimism, compassion and emotional intelligence,” Munjal said. “Our products were created with the mission to help develop the human spirit. This fall will be our busiest yet.”

This country’s future lies in the hands of its youth. YS strives to break down economic barriers and provide every student with an opportunity to pursue their dreams and positively influence the world around them. YS empowers students with a fighting chance to take control of college costs. Education reform is this generation’s catalyst for igniting change. With an educated population, there is hope for a better tomorrow.