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ATU and MABS Launch Financial Readiness for Life Course Aimed at Students
ATU and the Money Advice and Budgeting Service (MABS) have launched a Financial Readiness for Life free online course.
Atlantic Technological University (ATU) and the Money Advice and Budgeting Service (MABS) have come together to address student financial well-being as part of Global Money Week (17 – 23rd March). The newly developed Financial Readiness for Life free online course launched by ATU and MABS aims to equip students with essential financial literacy skills to navigate college life and beyond.
The Financial Readiness for Life course is the first of its kind in Ireland targeting higher education students and those preparing to go to third level. Developed in collaboration with MABS, it provides an accessible and interactive platform for students to develop critical financial skills.
The course covers five key learning outcomes:
- Needs, Wants & Sustainable Spending – Understanding the difference between essential and discretionary spending while promoting responsible and sustainable financial habits.
- Money Management – Budgeting, savings, and managing day-to-day expenses.
- Borrowing & Long-Term Financial Health – The impact of borrowing and comparing credit providers.
- Risk & Scams – Identifying financial scams and recognising risks such as gambling and cryptocurrency pitfalls.
- Tackling Debt – Strategies for managing and prioritising debt effectively.
The Access and Widening Participation Office at ATU initiated, designed and developed the programme in response to a stark increase in student financial distress during the 2023/24 academic year. Rising living costs, accommodation shortages, and commuting expenses have left many students struggling to meet basic needs. Recent data from the Higher Education Authority (HEA) shows that 35% of 1st year undergraduates in Ireland consider withdrawing with financial reasons being the second highest reason. Moreover, applications for the Student Assistance Fund at ATU have risen by 39% over the past year, underscoring the urgency of growing financial need.
Dr Orla Flynn, President of ATU, said the university is committed to student welfare, stating: “Financial distress is a significant barrier to student success. We recognise the increasing financial pressures our students face, from the cost of living to commuting expenses. This initiative provides them with the tools to build financial resilience and make informed choices about their money.”
Gwen Harris, Regional Manager of MABS, highlighted the importance of financial education, saying: “With 43% of adults in Ireland not meeting the minimum OECD level of financial literacy, it is vital to equip students with these skills early on. This course empowers them to make informed financial decisions, reducing stress and improving their overall college experience.”
This digital programme, co-created with student input, is designed to be mobile-friendly and interactive, ensuring maximum engagement. As part of the initiative, students will earn a digital badge upon completion, enhancing their employability and financial awareness.
The programme was launched on 7 March at ATU’s Dublin Road campus in Galway, with contributions from Dr Orla Flynn and Gwen Harris. Attendees experienced a live demonstration of the course.
As financial hardship continues to impact student success, this pioneering initiative stands as a proactive step towards equipping students with the knowledge and confidence to manage their finances effectively. The Financial Readiness for Life course is not only a resource for ATU students but is available to the public, specifically aimed at young people at third-level education and students preparing to go to third level.
To sign up to the free course go to freecourses.atu.ie and search “Financial Readiness for Life”.
Photo Caption (L-R): Karl Cronin, Regional Manager North Connacht and Ulster MABS, Dr Orla Flynn, ATU President, Marcella Reilly, Access and Participation Office, Gwen Harris ,Regional Manager North Dublin MABS, Graham Long, CEO Citizens Information Board, Michael Laffey, Regional Manager North Leinster MABS.
