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Financial Literacy Initiative


Financial Literacy Initiative. Decision Partners Joint Presentation NASSGAP 2008 ... all exercises, all printable fact sheets, expanded textual resources, and course ... – PowerPoint PPT presentation

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Title: Financial Literacy Initiative

Financial Literacy Initiative Decision Partners
Joint Presentation NASSGAP 2008
  • CFI Objective Financial literacy education for
    all students in NC
  • Roadblocks
  • Lengthy development process
  • Lack of quality external programs

Our Solution
  • License Financial Literacy 101 online course
    from Decision Partners
  • Turnkey program
  • Rapid implementation
  • Ability to customize content
  • Professional design, integrates into
  • Built-in assessment, annual data report

About Decision Partners
  • 501(c)(3) non-profit organization founded in
  • used in both high
    schools and colleges.
  • Endorsed by College Parents of America, American
    School Counselor Association (MA), and American
    College Personnel Association.

Why Financial Literacy?
  • Debt is a significant and growing problem for
    young adults
  • Average undergrad student loan debt is now
  • 1 in 3 recent grads have additional credit card
    debt of 10,000
  • Nearly 60 of freshmen report that their
    financial situation distracts them from their
    school work
  • Poor credit scores contribute to much higher
    payments on private student loans, decreased
    employment opportunities
  • Financial stress is a major contributor to
    dropping out of school
  • Soon to be a requirement mandated by revised
    Higher Education Act for all student loan
    guarantors and universities receiving certain
    federal grants (GEAR UP, TRIO, etc).

Our Key Principle
We see financial literacy education as a
behavior-focused prevention effort tied to times
of transition.
A Multipronged Approach
  • Use online delivery to personalize financial
    literacy education to each student based on their
    age, learning needs, and survey responses, while
    integrating proven prevention strategies.
  • Educate entire populations for greatest cultural
    impact class, school, campus and state.
  • Involve parents/schools/communities in
    acknowledging and addressing problem.

8 Course Integration
  • Two courses one short course for grades 11 and
    lower, another for grades 12 and higher
  • Courses have look and feel of
  • Linked to from Paying for College and Student
    Planner pages
  • Teacher guide and additional resources online
  • Hosted and managed by Decision Partners
    integrates with CFNC database through secure
    (SSL) link, no IT support required

Course Overview
  • Interactive, multimedia chapters for each course
    teach key lessons - from understanding student
    loans to budgeting and avoiding credit card debt.
  • Linear learning model like an in the
    classroom course.
  • Engaging curriculum useful for auditory, visual
    and kinesthetic learning styles.

Course Overview Surveys
  • Pre and post-course surveys collect student
    financial knowledge, attitudes, behaviors,
    learning gains, and course feedback
  • Used to customize certain parts of the course
  • Aggregate survey data delivered in yearly report

Course Overview Multimedia
  • Over a dozen multimedia modules give overviews of
    key content area
  • Ensures that students are engaged with the
    content regardless of learning style, meets
    expectations of Digital Generation
  • Students may save modules to their personalized
    page for more detailed textual information

Course Overview Interactive Exercises
  • Provide students with personalized feedback on
    their financial expectations
  • Exercises include credit card repayment, loan
    repayment, budget calculators, and
    post-graduation Real World calc
  • Links abstract financial concepts to each
    students life experience

Course Overview Quizzes
  • Reinforces most important concepts
  • Students get reasons why an answer was right or
    wrong after each question
  • Students may retake missed questions at the end
    of the course to raise their grade

Course Overview Personalization
  • Each student builds their own My Money page
    when using the course
  • Includes a financial goals journal,
    student-selected web links, saved content from
    the course, all exercises, all printable fact
    sheets, expanded textual resources, and course

Course Overview Instructors Guide
  • Gives teachers and guidance counselors everything
    they need to plan activities around the course
  • Includes curriculum overview, links to all
    multimedia modules, fact sheets and other online
  • Separate guides for high school and college

Course Overview Assessment
  • Real-time administrative control panel for
    viewing exporting user progress data
  • Each student receives a course completion
    certificate with secure code great for in the
    classroom integration as a homework assignment
  • Yearly report offers student insight through
    aggregate survey data

Student Feedback
  • Students react well to Financial Literacy 101.
    Based on responses from our 2007 statewide
    financial literacy program for high school
    seniors in MA
  • 97 percent would recommend the course to
  • 94 percent said they learned a lot from this
  • 77 percent found the course interesting
  • Over 90 percent of students agreed that the
    course increased their understanding of credit

Financial Literacy Outreach Initiatives
  • School counselors teachers
  • Complement the financial literacy modules offered
    in schools
  • Financial aid administrators
  • Fill the need to inform incoming (or outgoing!)
  • Students and parents
  • PTAs or church programs

  • Department of Public Instruction
  • Presenting at DPI conference on financial
    literacy initiatives
  • Supplemental material for the curriculum
    developed for 10th graders

Thank you!
To learn more about Decision Partners, please
contact Austin Jackson at (617)