My peers decided to create a company that would help college students budget their money. In all, I believe this is a great company to start. The company is called Finance University, it is a service provided through the university, so no student will have to pay for the service. They will be able to budget their loans, monthly spending, financing loans, etc... The details of the company are sufficient enough to actually help college students with their financial problems. The presenters of the project really explained in detail the effectiveness of a program such as this one. The students will get complete access to the finance advisers from the company, to help guide them on their journey throughout college, so they can use their money to the best of their ability. I specifically enjoy the detailed description of how each representative helps the company, and where the students need to go to help with their specific problems. For example, Darius is the “go-to” man and CEO for the company, so he will be responsible for making sure all of FinU employees are fulfilling their duties in the company.
Another particular detail I enjoy about this program is that it is directed towards all colleges nationwide, so all college students will be able to access the great services of this company. Also, this company isn’t inclusive to the average college student. This company lends their services to college students who may be older and carry more financial burdens. For example, on the testimonials page of the site, they include a testimony about a man named Kevin. Kevin is a graduate student who is married and expecting his first child, so he will be expected to have more financial problems with a baby. In this case, FinU will be a great resource to help Kevin budget his money, so this is a great aspect of the company.
However, problems with this type of idea is introduced when thinking about the people who won’t use the financial advice. This service will ultimately be of misuse, and a waste of resources that could be beneficial to another student. Also, concerns arose about how this type of service would be explained to a person who encountered this service and wasn’t a student. The group members simply explained that they would be redirected to other solutions, but as a matter of opinion, if FinU had an extension of their services to people who weren’t students, they would be helping a wider range of students. Despite minor concerns, this company seems to be extremely beneficial.
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