Financial center for women to open at CLU

The California Lutheran University School of Business has received a $40,000 grant to start an online financial center for lowincome and minority women.

The grant will fund the first two years of the California Institute of Finance Information Center for Women, starting with the fall semester.

The online center will provide financial planning services to women, particularly minorities, single mothers, widows and lowto middle-income earners.

Services will include personal budgeting, debt relief and children's education funding.

Most information will be supplied for free. More comprehensive individualized counseling will be available for a modest fee.

For more information, call California Institute of Finance director Somnath Basu at (805) 493-3980 or send an e-mail to basu@callutheran.edu.