Personal Financial Planning now stand-alone Ph.D. degree
Tuesday, October 27, 2015
Students may now earn a Doctor of Philosophy degree in personal financial planning.
The Kansas Board of Regents approved the designation in October. Previously degrees were in human ecology with a specialization in personal financial planning.
Currently the program, part of the School of Family Studies and Human Services, has 42 doctoral students.
We believe that the degree change will help meet the demand for a growing number of researchers, planners and academics,” said Dorothy Durband, school director. “An independent degree will provide a strategic advantage for student employment and will help our program continue to thrive.”
K-State offers the only known distance-based doctoral degree and the only one that specializes in financial therapy. It is one in only five doctoral programs registered with the Certified Financial Planner Board of Standards.
A Board of Regents appointed external review team examined the program and recommended the change.
“No other doctoral program has this level of expertise on this critical aspect of personal finance [financial therapy],” the team wrote in its review.
“The faculty group is productive, energetic, vested in student success, cohesive and complementary in skills and abilities.”
“Repositioning the degree to a stand-alone Ph.D. in Personal Financial Planning would more clearly communicate program focus and provide a strategic advantage for student employment opportunities, professional practice and outreach to a broader audience,” the report continued.
Sonya Britt is the program director. For more about the program see ipfp.k-state.edu.