Correctional Facility Education

The Royal team provides ongoing financial education in multiple facilities. Since the start of this program in 2015, Royal has impacted over 1700 students.

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The Royal team provides ongoing financial education at multiple correctional facilities. Topics covered include budgeting, dealing with debt, credit, and the true cost of life's expenses. Since the start of this program in 2015, Royal has impacted over 1700 students.

This program offers an opportunity to support a marginalized population. We believe it can play a small role in creating the systemic change that is required in our society.

Royal received a National Credit Union Foundation grant in 2019 and worked with representatives from the University of Wisconsin-Stout Applied Research Center (ARC) to create a survey to measure the effectiveness of the correctional facility program. Students showed statistically significant gains in content knowledge, as well as attitudes and confidence levels regarding financial literacy.

In February of 2022 Royal published a whitepaper to showcase our results in partnership with the National Credit Union Foundation, click here to read.

This program has two models to choose from:

Two Session Model

Lesson one: Wallet Wellness

Budgeting with a SMART (Specific, Measurable, Attainable, Realistic and Timely) saving and spending plan
Controlling your cash flow
Tracking your spending
Paying yourself first
Learning your “money personality” and how it affects your financial decisions

Lesson two: What’s Your Credit Worth?

Using credit wisely
Requesting and understanding your credit report
Addressing credit report errors
Understanding credit scores
Learning about predatory lenders
Reviewing the pros and cons of credit cards
Dealing with debt

Three Session Model

Lesson one: Wallet Wellness. The lessons modules are the same as in the two session model above

Lesson two: What’s Your Credit Worth? The lessons modules are the same as in the two session model above

Lesson three: The Cost Of Thriving

Uncovering the true cost of purchases
Planning meals and grocery costs
Exploring renting vs buying
Evaluating transportation needs

Photos of inmates working on education