This document is intended to accompany "Hands-On Learning to Build Financial Habits: Federal Resources to Encourage School-Based and Youth Savings Program." It is intended to provide information on non-governmental research and resources that may be useful to financial institutions, state, local, or tribal government officials, teachers…

Public investors can lower commissions through investment autonomy, that is, implementing the investment decision process without outside input. Details some techniques for fine-tuning the investment process. (MLF)

One of the hottest movements in banking right now is affinity credit cards. For banks, they mean a new source of credit customers. For institutions and alumni organizations, they can mean an easy, inexpensive way to keep the institutional name in front of alumni. (MLW)

Use of a bank rating service can help school financial officers make sure that school assets are protected and available at all times. Explains how a bank rating system works. (MLF)

Suggests strategies for finding an appropriate bank for a day care center, maintaining a good relationship with a bank once one has been selected, and obtaining and repaying a day care center loan. (SKC)

College business officers can save money, adhere better to budgets, and improve relations with international vendors through foreign monetary exchange. By comparing exchange rates and buying foreign currency when rates are good, institutions retain much more control over the transaction rate than if they delegate the task to the bank. (MSE)

Recent improvements in corporate credit card programs have allowed colleges and universities to let end users make their own small dollar purchases. This makes purchasing small items quicker and more convenient and eliminates purchasing department efforts, achieving significant operational savings. However, careful control of the system is…

Explains the use of forwards, futures, swaps, and options in international currency trading. Argues that pricing options are based on the same basic principles as pricing other financial instruments. Concludes that, although financial markets have developed several new products, hedging and speculation involve similar processes. (CFR)

This chapter of "Principles of School Business Management" introduces the concept of cash management, or the process of managing an institution's moneys to ensure maximum cash availability and maximum yield on investments. Four activities are involved: (1) conversion of accounts receivable to cash receipts; (2) conversion of accounts payable to…

Even the best educational leaders can be unprepared for the responsibility of spending and accounting for the thousands of dollars that pass through school's books each year. Without a solid understanding of school financial management, administrators may find it a serious distraction from their primary pedagogical mission. They also risk damage…

The evolution of computerized job applicant systems is described and compared to that of computerized banking systems; the characteristics of such systems in the future, especially for minimizing data entry and maximizing accessibility, are then outlined and illustrated with the Carnegie-Mellon University system. (MSE)

Debtors seeking discharge in bankruptcy of student loans should be aware of certain arguments in their favor: that the burden of persuasion should remain on the creditor throughout; the standard of proof should be the preponderance-of-the-evidence standard; and that burden of production is, for the most part, the creditor's. Recent case law is…

A college financial aid administrator argues that good student loan programs are being discontinued because of politics and territoriality, and calls on the banking industry to enter into a more productive partnership with higher education, families, and associations to solve some of the problems of student loan financing and develop good public…

Outlines an approach to better collection of delinquent college tuition that connects students with outstanding tuition to lenders. Suggests criteria for selecting an appropriate lender, and highlights benefits both for student motivation to repay debts and for institutional cash flow. (MSE)

New York State law permits school districts to invest cash not immediately needed for district operation and also specifies the kinds of investments that may be made in order to ensure the safety and liquidity of public funds. This audit examines cash management and investment practices in New York state's financially independent school districts.…