Indiana University President Michael A. McRobbie, left, shakes hands with IU Director of Financial Literacy Phil Schuman as he is greeted at the Indiana University Office of Financial Literacy open house scheduled on IU Day. Also there to meet him is Indiana University Vice President and Chief Financial Officer John A. Sejdinaj, right, dressed in red and white for IU Day.IU President Michael A. McRobbie shakes hands with IU MoneySmarts Well Being Consultant Paola Hernandez Barón, right, during the Indiana University Office of Financial Literacy open house. The IU MoneySmarts program was established within the IU Office of Financial Literacy to bring financial literacy messages and programs to students while also addressing their holistic needs.IU President Michael A. McRobbie smiles as he talks to staffers and students decorating piggy banks on the porch outside the Indiana University Office of Financial Literacy.An IU student decorated a piggybank with a MoneySmarts theme. IU students worked with MoneySmarts staff to decorate MoneySmarts piggy banks during the IU Office of Financial Literacy open house. MoneySmarts takes an informal and student-centered approach, using lighthearted podcasts and brief lessons to make it easier to have difficult conversations about money.IU President Michael A. McRobbie, right, greets students during the IU Office of Financial Literacy open house on IU Day.IU President Michael A. McRobbie, left, meets IU Assistant Director of Financial Literacy Morgan McMillan at the IU Office of Financial Literacy. IU’s financial literacy efforts are also responsible for students receiving letters from the university twice a year updating them on how much they have borrowed and what their estimated monthly loan payments will be. As of the beginning of 2017, that effort alone has reduced student loan debt at Indiana University by almost $100 million.IU President Michael A. McRobbie thanks the Office of Financial Literacy staff for what they have accomplished in helping IU students make better financial decisions.