Director of Financial Literacy
Indiana University
Bloomington,
IN
Biographical Sketch: Phil Schuman serves as Director of Financial Literacy for Indiana University and Co- Chair of the Higher Education Financial Wellness Summit.
Up until starting his Director role in 2012, Phil was unaware that educating others about financial decisions could be an actual career. But as Indiana University continued their focus on college access and affordability, the opportunity to educate students on personal finance presented itself to Phil.
Since the establishment of the Office of Financial Literacy, student debt levels at IU have decreased by 19% ($126.4 million). The decline is, in part, due to the creation of student peer-to-peer financial education, the interactive moneysmarts.iu.edu website, and the implementation of a student debt letter provided to all student loan borrowers at IU.
Phil also is Co-Founder of MoneySmarts U, an online, interactive financial education platform that provides financial education to students when they need to know it. The platform is designed to serve students and parents across the United States.
Phil graduated with a BA in Psychology from DePauw University and an MBA from Indiana University.