The American College of Financial Services (The American College) is a
private online university
A virtual university (or online university) provides higher education programs through electronic media, typically the Internet. Some are bricks-and-mortar institutions that provide online learning as part of their extended university courses whi ...
focused on professional training for financial practitioners and located in
King of Prussia, Pennsylvania. It offers several professional certifications and
master's degrees. Annually, The American College educates approximately 40,000 students, mainly through
distance education
Distance education, also known as distance learning, is the education of students who may not always be physically present at a school, or where the learner and the teacher are separated in both time and distance. Traditionally, this usually in ...
.
The institution was founded as The American College of Life Underwriters in 1927 by
Solomon S. Huebner of the
Wharton School
The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a private Ivy League research university in ...
at the
University of Pennsylvania. Huebner was a professional involved in the development of
economic theory
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyze ...
. His theory of human life value is used in the field of
insurance. It was his vision for a college-level professional education program for
insurance agent
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...
s that led to the creation of The American College.
Today the college offers professional training to all types of financial practitioners. When the institution began, programs focused exclusively on providing education to
life insurance professionals. The Chartered Life Underwriter (CLU) designation was the first
credential offered by The College. Today The College provides training for the Certified Financial Planner (CFP) exam, The Chartered Financial Consultant (ChFC) designation, and the Master of Science in Financial Services (MSFS) master's degree.
Twenty full-time faculty members and financial experts work at the campus.
The American College campus was bought by the
Jack M. Barrack Hebrew Academy
Jack M. Barrack Hebrew Academy is a coeducational college-preparatory and religiously pluralistic Jewish day school for grades 6 through 12, located in Bryn Mawr, Pennsylvania.
Founded in Center City, Philadelphia in 1946 as Akiba Hebrew Acad ...
in 2007.
In May 2019, The American College moved its operational headquarters to King of Prussia, Pennsylvania.
The American College of Financial Services Plans Major Move. 2017
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Notable alumni
* Alfred W. Redmer, Jr., Maryland politician.
* Lynn Yeakel, Pennsylvania administrator and politician
References
External links
Official website
{{DEFAULTSORT:American College of Financial Services, The
Educational institutions established in 1927
Universities and colleges in Montgomery County, Pennsylvania
1927 establishments in Pennsylvania
Private universities and colleges in Pennsylvania