PRESS RELEASE: Kappa Alpha Psi Addresses Financial Literacy

News from the Grand Chapter, Kappa Alpha Psi Fraternity, Inc.

---------------------------------------------------------------------------------

KAPPA ALPHA PSI ADDRESSES FINANCIAL LITERACY ACROSS AMERICA’S COLLEGE CAMPUSES

(Philadelphia, PA) February 2008 – In an effort to effectively prepare undergraduate students with a solid and stable understanding of credit card abuse, Kappa Alpha Psi Fraternity, Inc. has partnered with the National Association of Bankruptcy Trustees, National Foundation of Credit Counselors, and the Council of Presidents on behalf of the National Pan-Hellenic Council to actively promote the Credit Abuse Resistance Education Program (CARE) and a new college financial literacy program called Greeks Learning to Avoid Debt (GLAD).

The initiative was conceived by Grand Polemarch Dwayne Murray, and at the suggestion of Frankie Heyward, Vice Polemarch of the University of Delaware Chapter, the Nu Xi of Kappa Alpha Psi, the program found its name “Greeks Learning to Avoid Debt.” Under the CARE umbrella of financial literacy programs, the Fraternity and its partners are working together to encourage members of the bankruptcy community, including bankruptcy judges, bankruptcy trustees, and bankruptcy attorneys, to teach young adults personal financial responsibility and budgeting skills.

“College students graduate with a tremendous amount of debt,” Grand Polemarch Murray said, “Not just the tens of thousands in student loans but an average of $5000 in credit card debt, as well.” GLAD is specifically designed to help students graduate with a firm financial footing.

Kappa Alpha Psi Fraternity has taken the lead on behalf of the National Pan Hellenic Council in scheduling presentations on college campuses and local communities. Its members will coordinate all on-site requirements. The GLAD program coordinators have prepared forms, presentations and handout materials which can be made available to all volunteer presenters. Each GLAD presentation is intended to last no longer than fifty minutes, including a short video and power point presentation.

With the assistance of the appointed local chapter advisors, undergraduate chapters throughout the fraternity have been working diligently towards the hosting of GLAD Program during the Spring of 2008.

We are proud to announce the following universities will be hosting the GLAD Program in the month of February:

Louisiana State University – February 11th University of Texas at Denton – February 11th
Midwestern University (TX) – February 12th Widener University (PA) – February 13th
University of Southern Mississippi – February 18th Millersville, Lincoln Univ. & Temple Univ. – February 19th
Bloomsburg University of Pennsylvania – February 20th Grambling University – February 25th
University of Florida and University of GA – February 26th