ARCHIVED: About the financial literacy requirement for new students

The financial literacy requirement

Newly admitted IU students (defined as first-time enrollees in college, international students excluded) are required to complete the online financial literacy training prior to enrolling in classes and/or before attending orientation if instructed by the campus.

In 2012, the University Task Force on Financial Literacy made a series of recommendations for improving the financial literacy of Indiana University students. The university selected the Buttonwood Personal Finance and Student Loan Management platform, developed by EverFi, Inc., as a practical online learning tool for use by incoming undergraduate students. Student feedback contributed to several program modifications [version 2.0], including a name change from Buttonwood to Transit. On November 1, 2013, the 60-minute Transit was put in place for use by Indiana University students beginning study in spring 2014.

Accessing Transit

To access Transit, go to Required Financial Literacy (Transit) in One.IU, and click Start.

You must have an IU email address. (If you have not yet created your IU email account, see Create your first IU computing accounts (admitted students, faculty, staff, affiliates, and those returning to IU).) Only students obligated to complete the modules will see Required Financial Literacy in their To Do List items. When you click Required Financial Literacy, you'll see a message directing you to click Required Financial Literacy in the "Financial" section under "Services & Information":

All new students are required to complete the 60-minute online learning unit about personal finances. The interactive experience is a fast-paced, 6-module mini-course on paying for college, budgets and spending, using credit cards, borrowing, and need-to-know financial protections for you and all new Indiana University freshmen.

If you are ready to begin, go to Required Financial Literacy (Transit) in One.IU, and click Start. This will take you to the EverFi launch page, where you must select your campus from the dropdown menu and accept EverFi's terms of agreement to proceed to Transit. Once you've accepted the terms of agreement, click let's get started to begin working through the modules.

Completing the Transit modules

Once you begin, you can stop and restart at any time, but to fulfill the requirement, you must finish all sections and take the exam. If you exit Transit before that, your progress will only be saved for the modules you have completed.

The Required Financial Literacy reminder should disappear from your To Do List items within at least two days of completing the modules. Contact mnysmrt@iu.edu if you experience a problem after this time lapse.

System requirements and technical support

To run Transit, your computer needs 1 GB+ of RAM. You also must use one of the following supported browsers:

• Internet Explorer 9.0 or above

  On January 12, 2016, Microsoft ended support for Internet Explorer versions prior to version 11. UITS strongly recommends that you upgrade to a new operating system if your current system does not support Internet Explorer 11.

• Firefox 10 or above
• Chrome 20 or above
• Safari 5 or above
• Mobile Safari on iOS 5 or above
• Default browser on Android 4

This site is best viewed with a minimum 1024x768 screen resolution. You will be able to view the site using other settings; however, some features and formats may appear smaller or larger than optimal.

Technical support for students is available 24/7 from EverFi's technical support center (866-384-9062).