Financial Education and Counseling Services Definition
Clients who receive Financial Education and Counseling services learn to solve financial problems and gain personal financial management skills.
Financial Education and Counseling services provide educational services and programs to assist consumers with money management, budgeting, knowledge of resources needed to acquire housing, and the prudent and intelligent use of credit, and can include services related to housing, student loan debt, bankruptcy, and debt management plans.
Currently viewing: FINANCIAL EDUCATION AND COUNSELING SERVICES (FEC)
Note:Throughout this section, clients are persons who use, receive, or benefit from services and educational programs and for whom a client file has been created. Consumers are persons, groups, or organizations who could use, receive, or benefit from services and educational programs and for whom a client file has not been established, for example, potential clients.
Note:Throughout this section Debt Management Plan is referred to as DMP.
Note:Please see FEC Reference List for the research that informed the development of these standards.