Strengthening Financial Skills for Future Military Leaders
The USAA Educational Foundation has generously contributed $500,000 to the Texas A&M Foundation to support initiatives aimed at enhancing the financial skills of Texas A&M University students preparing for military leadership roles. Professors at Texas A&M College of Agriculture and Life Sciences will equip cadets with essential financial knowledge and military-specific economic applications. This training ensures that cadets can effectively manage their finances while leading others.
A Continued Commitment to Financial Preparedness
Ameesh Vakharia, president of the USAA Educational Foundation board of governors, stated, “Texas A&M’s dedication to military service made our partnership a natural fit since 2016. This endowment reflects our shared commitment to supporting the military community.” Jennifer Ann Scasta, Ph.D., associate vice president for growth at the Texas A&M Foundation, emphasized the importance of this collaboration, saying, “Expanding our relationship with a leading military nonprofit strengthens our mission to serve our students effectively.”
The Importance of Financial Preparedness for the Military
The financial readiness of military cadets is crucial for their focus and effectiveness in their roles. Nathan Harness, Ph.D., director of the Department of Agricultural Economics’ Financial Planning Program, highlighted that preparing future military leaders financially helps them avoid common money management issues, reducing stress and distractions. The ongoing partnership with the USAA Educational Foundation has led to the “Command Your Money” program, which sets a national standard for military financial education in academic institutions.
Impact of the Partnership
Jeffrey W. Savell, Ph.D., vice president and dean of agribusiness and life sciences, described the endowment as a significant step towards developing financially savvy military leaders. “This agreement will greatly enhance our students’ financial literacy and preparedness nationwide,” Savell said. The support from the USAA Educational Foundation promises a brighter future for military personnel by improving their financial capabilities.
About the Texas A&M Corps of Cadets
The Corps of Cadets at Texas A&M provides hands-on leadership training in a top-tier academic environment, helping students develop essential management skills for their military and civilian careers. Financial education is a key component of this training, ensuring cadets are prepared to handle financial challenges throughout their lives. Meredith Simpson, chief of staff at the Office of the Commandant, noted, “Our collaboration with the USAA Educational Foundation significantly enhances our cadets’ ability to navigate financial conditions.”
About the USAA Educational Foundation
Headquartered in San Antonio, the USAA Educational Foundation has been serving the military community since 1986, helping service members and their families make informed financial decisions at every life stage. The Foundation provides a wealth of resources, including videos, calculators, and digital worksheets, to ensure service members understand critical financial concepts through accessible and free educational materials available on their website.