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CHLI, Freddie Mac to Offer Financial Education Workshops at Universities

Wednesday, March 21, 2007  
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CONGRESSIONAL HISPANIC LEADERSHIP INSTITUTE, FREDDIE MAC TO OFFER FINANCIAL EDUCATION WORKSHOPS AT UNIVERSITIES
Workshops Teach Students How To Make Good Financial Choices
 
McLEAN, VA -- Freddie Mac and the Congressional Hispanic Leadership Institute (CHLI) annoucned today that they are working together to offer Freddie Mac's CreditSmart® and CreditSmart® Español, financial literacy workshops to students at six college campuses across the country in the next few months. The goal is to provide students with information on how to make wise financial decisions.
 
During the free workshops, collge students will learn about consumer credit and money management, with an emphasis on preparing for the financial repsponsibilities of college and planning for the future. They will learn how credit plays a profound role in achieving financial goals, such as renting an apartment, buying a car or house or getting a job.
 
"We look forward to partnering with Freddie Mac in hosting these financial workshops that are focused on helping college students to learn about the importance of making smart financial decisions early," said Rep. Lincoln Diaz-Balart, CHLI Chairman. "Gaining knowledge about financial matters today is key to ensuring a secure financial future."
 
CreditSmart® and Credit Smart® Español, Freddie Mac's signature instructor led curriculum, will be offered in two-hour workshops at the following academic institutions on the specified dates:
  • Florida International University, Miami, TBD
  • Miami Dade College North Campus, Miami, TBD
  • University of Miami, Miami, TBD
  • Universidad Metropolitana, Cupey, Puerto Rico, TBD (this event will be conducted in Spanish--CreditSmart® Español)
  • University of Texas at San Antonio, San Antonio, TBD
  • California State University, Fresno, TBD
"We are proud to be working with the Congressional Hispanic Leadership Institute to offer CreditSmart® and Credit Smart® Español workshops for college students," said Christina Diaz-Malone, director of Freddie Mac. "We hope to better prepare students to deal with the challenges of earning an income, spending wisely and saving money. People who have a better understanding of credit and financial concepts more effectively save, budget and pay bills on time."
 
Freddie Mac believes that by educating consumers about smart credit habits and helping them to understand the importance of obtaining and maintaining good credit, they are helping them to take the first steps toward homeownership.
 
Freddie Mac is a stockholder-owned coporation established by Congress in 1970 to support homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage passthrough securities and debt instruments in the capital markets. Over the years, Freddie Mac has made homeownership possible for one-in-six homebuyers and more than four million renters. For additional information about Freddie Mac, visit the company's website at www.freddiemac.com.
 
The Congressional Hispanic Leadership Institute is a 501(C)(3) not-for-profit and non-partisan organization dedicated to creating a broader awareness of the diversity of thought, heritage, interests and views of Americans of Hispanic and Portuguese descent. For more information, please visit CHLI's website at www.chli.org.
 

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