NEW YORK, New York — Ostrich App Inc. ( Ostrich ) and Youngstown State University Athletics announce a special, student-forward initiative to assist student athletes in better understanding and managing their personal finances. Student athletes student with more student loan debt than their non-athlete classmates despite receiving athletic scholarships. Several studies, however, demonstrate that traditional financial literacy training only modifies actions by 0.1%.
The YSU Penguins, who are renowned in the Horizon League Event for providing student athletes with support both on and off the area, were aware of this problem. Financial literacy was ranked as one of the major areas by YSU student athletes last year for which they required further assistance from the institution.
According to Director of Intercollegiate Athletics Ron Strollo, “We recognized that conventional” “financial education” is broken and that student athletes have a strong need for financial wellbeing help. “The administration group” sat down and looked for innovative solutions to support student athletes that may result in substantial benefits for student-athletes in the NIL age.
Longtime supporters of Youngstown State’s scholar players, present YSU Global Board of Trustee Eric Spiegel and his wife Doreen, a former employee of the athletic department herself, described Ostrich as an innovative economic wellbeing organization that was having an effect on students across the nation.
The best cognitive science, engineering, and economic education are combined in Ostrich’s innovative financial wellness strategy to produce quantifiable financial results for student athletes. YSU and Ostrich are meeting scholar players where they are in their financial journey and laying the groundwork for better results by utilizing a strategy that combines online, in-person, and app-based learning.
Strollo continued, What is “typically” done by some out there is not producing any results for students. “And the new strategy is now showing achievement.”
The percentage of student-athletes building credit at YSU has nearly quadrupled from 13% to 48% thanks to online participation in Taylor Blandine’s Freshman FLIGHT program and a Tyler Mettille-led course.
In the middle of January, Ostrich will be on campus hosting sessions and competitions for all YSU student players. The relationship between YSU and Ostrich is made possible by the assistance of Eric and Donna Spiegel as well as the varsity’s sports director.
“YSU’s partnership with Ostrich strengthens its position as a leader in the meeting, position, and country, building on the work of Tyler Burk, who was in charge of the first NIL shared to be formed.” According to Eric Spiegel, YSU keeps setting new standards for what victory looks like in terms of promoting student-athlete wellness.
Visit YSUSports.com and GetOstrich.ca for more details.
Regarding Ostrich
By adopting a data-focused approach to achieving good economic outcomes as soon as possible, Ostrich has revolutionized financial wellbeing for school students in the post-COVID era. By preparing students and young adults for success at a young age, Ostrich hopes to improve global economic wellbeing while preventing them from falling into the same traps as earlier generations.
Through athletic departments and pupil organizations, Ostrich collaborates immediately with students to help them build credit carefully, save money, and invest. The Ostrich practice is tailored to each person based on their particular situation and needs using in-person development and app-based challenges.
Now, more than 25 colleges and universities collaborate with Ostrich to better understand the financial situations of their students. They make sure that their alumni are financially ready for the next stage of life by tripling or quadrupling the number of individuals who make wise financial decisions during their school careers.
For more details, visit: https://getostrich.com/.
Pertaining to Youngstown State University
A public research university with its main campus in Youngstown, Ohio, is known as Youngsburg State University (YSU). Since its founding in 1908, YSU has offered a wide range of undergraduate and graduate programs through its colleges of Business Administration, Health and Human Services, Education, Creative Arts and Communication, STEM (Science, Technology, Engineering, and Mathematics).
The school is renowned for placing a strong emphasis on experiential learning, studies opportunities, and community involvement. YSU is known for its dedication to creativity, innovation, and preparing students for job success through internships and partnerships with industries. It offers a lively college life with numerous student organizations, clubs, activities, as well as athletic programs competing in NCAA Division I.
YSU offers a friendly atmosphere for students to pursue their intellectual targets, fostering critical thinking, creativity, and leadership abilities. Its focus is on academic excellence. The university is committed to helping the neighborhood while incorporating richness and international ideas into its curricula.