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Capital One and YOUNG MONEY Launch Program to Increase Financial Awareness Among College Age Cardmembers

June 10, 2003 at 9:20 AM EDT

MCLEAN, Va., June 10 /PRNewswire-FirstCall/ -- Recognizing that most college age students lack sufficient financial knowledge, Capital One and YOUNG MONEY have joined forces to improve students' financial decision making skills. In this first-time venture, Capital One and the leading quarterly money and lifestyle magazine for young adults will provide a free one-year subscription to a select number of college age Capital One cardholders.

"Handling finances and being on your own can be a daunting experience for young adults," said Diana Don, Director of Financial Education at Capital One. "This partnership demonstrates our commitment to promoting responsible spending habits among young people."

Because YOUNG MONEY's articles are written by college students for college students, the magazine's content addresses the financial concerns specific to this age group. YOUNG MONEY covers a variety of money related matters including: saving/investing, credit cards, career choices and consumer scams.

"We are proud to be a partner with Capital One in this endeavor," said Todd Romer, Director of Business Development for YOUNG MONEY. "We are confident that the information provided in our publication can help young people make smarter financial decisions."

About Capital One

Headquartered in McLean, Virginia, Capital One Financial Corporation (NYSE: COF) is a holding company whose principal subsidiaries, Capital One Bank and Capital One, F.S.B., offer consumer lending products. Capital One's subsidiaries collectively had 46.4 million customers and $59.2 billion in managed loans outstanding as of March 31, 2003. Capital One, a Fortune 500 company, is one of the largest providers of MasterCard and Visa credit cards in the world. Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 500 index.

About YOUNG MONEY

Headquartered in Orlando, Florida, YOUNG MONEY is a multimedia platform for today's young adults that include: YOUNG MONEY magazine, youngmoney.com, YOUNG MONEY RESEARCH, YOUNG MONEY EVENTS and YOUNG MONEY CUSTOM SOLUTIONS. YOUNG MONEY is owned and operated by InCharge(R) Institute of America, Inc., a national non-profit organization offering credit counseling, debt management and personal finance education programs.

For additional information or to subscribe to YOUNG MONEY magazine, please visit youngmoney.com or call 1-888-436-8714.

SOURCE Capital One Financial Corporation
/CONTACT: Diana Don of Capital One, +1-703-720-2371, or diana.don@capitalone.com, or Todd Romer of YOUNG MONEY, +1-407-532-5745, or tromer@youngmoney.com/