La Follette School faculty member Rourke O’Brien will lead a webinar titled Does Knowing Your FICO Score Change Financial Behavior for UW–Madison’s Center for Financial Security on Tuesday, February 27.
The webinar, from noon to 1 p.m., will focus on a multi-year randomized control trial with more than 400,000 Sallie Mae student loan borrowers. O’Brien, Abby Sussman of The University of Chicago Booth School of Business, and Tatiana Homonoff of New York University’s Wagner School of Public Service conducted the research. To register, visit the CFS website.
The study was designed to test the impact of a person viewing their FICO Score on a range of financial outcomes, including repayment behaviors.
O'Brien and Sussman will be joined by Kasey Wiedrich, director of applied research at Prosperity Now, and Joanna Smith-Ramani, associate director of the Financial Security Program and director of The Expanding Prosperity Impact Collaborative (EPIC), The Aspen Institute.
Lenders use FICO Scores, a product of the Fair Isaac Corporation, to help them make billions of credit-related decisions every year. Sallie Mae offers education loans for undergraduate, graduate, and professional students to help bridge the gap between personal resources and financial aid.
La Follette School Associate Professor J. Michael Collins is faculty director of the Center for Financial Security.