The American College of Financial Services (The American College) is a
private online university focused on professional training for financial practitioners and located in
King of Prussia, Pennsylvania. It offers several professional certifications and
master's degree
A master's degree (from Latin ) is an academic degree awarded by universities or colleges upon completion of a course of study demonstrating mastery or a high-order overview of a specific field of study or area of professional practice. s. 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
Solomon Stephen Huebner (March 6, 1882, Manitowoc, Wisconsin – July 17, 1964, Merion, Pennsylvania) was Emeritus Professor of Insurance at the Wharton School of the University of Pennsylvania, Emeritus President of The American College of Life ...
of the
Wharton School at the
University of Pennsylvania
The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universit ...
. Huebner was a professional involved in the development of
economic theory. His theory of human life value is used in the field of
insurance
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 ...
. It was his vision for a college-level professional education program for
insurance agents 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
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death ...
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 Ac ...
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