04.10.2007 17:30:00
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Sports Broadcaster and Basketball Great Clark Kellogg Returns to Ohio State University Oct. 8 with Playbook for Life
The Ohio State Buckeyes will get a real-life lesson in money management
when CBS Sports college basketball analyst Clark Kellogg returns to his
alma mater Monday evening with the award-winning national education
program, Playbook for Life. Developed by The Hartford Financial
Services Group, Inc. (NYSE: HIG) in collaboration with the National
Collegiate Athletic Association (NCAA), Playbook for Life gives
student-athletes and all college students the basic financial know-how
to score beyond the college arena.
Kellogg and members of "Team Hartford” – a select group of former college
student-athletes and professional athletes who have achieved success on
and off the playing field – will share
practical insights and enlighten Ohio State University students about
the importance of planning for their financial future. The Playbook
for Life presentation at Ohio State is scheduled for Monday, October
8 at 7 p.m. in Ohio Stadium’s Huntington Club.
"By returning to Ohio State with these vital
messages, I can help students learn to tackle financial pressures early
on,” explained Clark Kellogg who earned
All-Big Ten and Most Valuable Player honors while playing for Ohio State
and was the No.1 draft pick of the Indiana Pacers. "Knowing
the basics of personal finance will not only help them make ends meet
after graduation, but also provide a solid footing for their entire
future.”
Many college students are ill-prepared to deal with the financial
challenges that await them after graduation and need guidance on
critical topics such as budgeting for housing and living costs and
managing credit card and student loan debt. In Ohio, the average college
student carries more than $19,000 of debt, according to a 2006 analysis
by The Project for Student Debt. Also, students attending school in the
Midwest region of the country tend to carry the highest credit card
debt, according to a 2007 study by Nellie Mae.
Moreover, nearly half (47 percent) of college students nationwide say
their parents have had to bail them out of debt at some time, as
reported in a recent survey by The Hartford. This survey also reveals 71
percent of college students are concerned about their ability to meet
financial obligations after graduation and 76 percent of college
students wish they had more help preparing for their financial future.
Joining Kellogg at Ohio State are two former NCAA football players who
were not as fortunate to realize their dreams of becoming professional
athletes. Bill Zimmerman, a former offensive lineman for Columbia
University and a Chartered Retirement Planning CounselorSM,
will deliver practical information about developing a budget and a
savings plan, managing credit and debt, and setting realistic salary
expectations.
Also urging Ohio State students to get their financial house in order as
they prepare for the "real world”
is Dave Jorgensen, a former starting center and guard for rival
University of Florida. He was on his way to a career in the NFL until he
suffered a series of injuries on the field. His hopes of playing
professionally vanished, but only after he maxed out his credit cards
with purchases he intended to pay off with his first NFL check. With
this misstep, he quickly realized that it is easy to fall into the
credit card trap – but very difficult to wipe
the balance sheet clean.
"I’m the perfect
example of how bad decisions can lead good people into tough financial
situations,” said Jorgensen about his role as
a member of Team Hartford. "By sharing my
struggle to climb out of debt, I give students a real-life look at why
they need to think ahead and get a grasp of financial concepts. I don’t
want them to have to learn their lessons the hard way.”
The Playbook for Life gives students tangible skills in money
management with lessons on the basics of job benefits, credit, debt,
saving and investing. Students at Ohio State and across the country are
invited to start planning for the future by taking advantage of the free
resources found in the guidebook and web site, www.playbook.thehartford.com.
"We are pleased to have great sports
personalities, like Clark Kellogg, involved in this important initiative,”
said NCAA President Myles Brand. "Playbook
for Life has enriched students’ lives by
sharing the critical message of financial preparedness and it continues
to grow, evolve and encourage more student-athletes and college students
to start planning for tomorrow, today.”
Created by The Hartford as part of the company’s
philanthropic focus on education and its corporate partnership with the
NCAA, the Playbook for Life is designed to give college students
a solid understanding of personal finance fundamentals. Since the program’s
inception in March 2005, the Playbook’s
teachings have been brought to students at 20 colleges and universities,
and more than 150,000 guidebooks have been distributed to date. The
program has been widely praised by students, coaches, teachers and
parents as a valuable resource for helping all young adults make smart
decisions as they plan for their future financial success.
The Hartford survey was conducted among 1,108 college students and 1,086
parents of college students nationwide by Impulse Research Corporation
in February 2007 (with a margin of error of +/- 3 percent).
The NCAA is a membership-led nonprofit association of colleges and
universities committed to supporting academic and athletic opportunities
for more than 380,000 student-athletes at more than 1,000 member
colleges and universities. Each year, more than 54,000 student-athletes
compete in NCAA championships in Divisions I, II and III sports. Visit www.ncaa.org
and www.ncaasports.com for more
details about the Association, its goals and members and corporate
partnerships that help support programs for student-athletes.
The Hartford, a Fortune 100 company, is one of the nation's largest
diversified financial services companies, with 2006 revenues of $26.5
billion. The Hartford is a leading provider of investment products, life
insurance and group benefits; automobile and homeowners products; and
business property and casualty insurance. International operations are
located in Japan, Brazil and the United Kingdom. The Hartford's Internet
address is www.thehartford.com.
HIG-C
Some of the statements in this release should be considered
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. These include statements about our future
results of operations. We caution investors that these forward-looking
statements are not guarantees of future performance, and actual results
may differ materially. Investors should consider the important risks and
uncertainties that may cause actual results to differ. These important
risks and uncertainties include, without limitation, those discussed in
our Quarterly Reports on Form 10-Q, our 2006 Annual Report on Form 10-K
and the other filings we make with the Securities and Exchange
Commission. We assume no obligation to update this release, which speaks
as of the date issued.
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