PFP 5322—Personal Finance—Leveling Requirement Effective Fall 2011 All students starting their MS degree in PFP (including dual-­‐degree students) on/after Fall 2011 will be required to have some college-­‐level education in Personal Financial Planning. All courses in the PFP MS degree will be taught knowing that every student in the class already has a basic knowledge of personal finance. There are several ways this requirement may be satisfied: • Graduate from a CFP Board-­‐Registered financial planning program1 • Take a college undergraduate or graduate level course in personal financial planning and earn a B or better prior to starting your MS degree in PFP at Texas Tech2 • Enroll in PFP 5322 (an on-­‐line Personal Finance course offered every semester, including summer, at Texas Tech) prior to or during your first semester in the PFP MS program and earn a B or better • Challenge the PFP 5322 course by passing an exam with an 80% score or better. The Challenge Opportunity The challenge opportunity is a way to demonstrate competency in the subject matter without taking a course. There is no cost to challenging, and you receive no course credit. Should you take the challenge exam unsuccessfully, you will be allowed only one re-­‐take opportunity. If you want to challenge PFP 5322: • E-­‐mail Cynthia Cantu ([email protected]), telling her that you would like to register to challenge PFP 5322. The subject line on this e-­‐mail should be “Challenge Request for PFP 5322.” • Textbook to order to prepare for exam is Personal Financial Planning by Gitman, Joehnk, Billingsley (ISBN 978-­‐1-­‐111-­‐97163-­‐2). This can be found on Amazon.com or Barnes and Noble bookstore. • The challenge exam will be given on Texas Tech campus on the dates below. It is your responsibility to schedule a time for the exam with Cynthia at least 5 business days prior to the exam. o August 23, 2016 – 9:00 am – 11:30 am, HS – Room 260 o August 25, 2016 – 9:00 am – 11:30 am, HS – Room 260 • It will be a closed book exam with a 3-­‐hour time limit designed to test your knowledge and application of the basics of personal. The use of non-­‐programmable financial calculators is encouraged (i.e. TI BA II of HP 12C). 1 A copy of your transcript would be required to document this. Contact Cynthia Cantu ([email protected]) to make sure your transcript is on file with the university. Transitioning from the TTU BS program through the accelerated bachelors-­‐to-­‐masters program also meets this requirement. 2 A copy of your transcript plus the syllabus (including the textbook title) will be required for documentation. Please submit this to Cynthia Cantu.