FAFSA

Effective Financial Literacy: From Quality Programming to Advocacy

April 24 150x150 Effective Financial Literacy: From Quality Programming to AdvocacyBy Oscar E. Cruz, President & CEO of Families in School.

Since 2000, Families In Schools (FIS) has provided information and resources to low-income and immigrant families on how to support their child’s education. Our work is driven by the belief that quality education continues to be the key to breaking the cycle of poverty and helping families reach their “American Dream.” A key component of our college awareness programs is helping families strengthen their financial habits to support their child’s college aspirations. In celebration of Financial Literacy Month, FIS would like to share key strategies we have found to be effective in working with low-income and immigrant communities regarding financial literacy: first, present financial literacy as a “tool” and not as the end goal; second, engage both students and their parents/guardians; and third, the methodology needs to be “asset-based.” Read more…

POSTED: April 24, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , ,

The work of the President’s Advisory Council on Financial Capability for Young Americans

April 14 The work of the President’s Advisory Council on Financial Capability for Young AmericansBy Beth Kobliner, Member of the President’s Advisory Council on Financial Capability for Young Americans; Author of the New York Times bestseller Get a Financial Life.

I certainly hope I’m wrong about this one.

But when results from the first PISA international test of financial literacy are released in July, I have a sneaking suspicion that the financial know-how of young Americans will be disappointingly low when stacked up against their peers around the world. But hey: If that turns out to be true, let’s not blame a bunch of 15-year-old kids (they’re the ones who took this Program for International Student Assessment test back in 2012). No, we grown-ups should be pointing the finger right back at ourselves. The fact is we are not adequately preparing our kids for a financial literacy test—or, more importantly, for the real-life tests to come as these young adults make their way in a complex financial world. Thanks to the CEE’s annual Survey of the States, we know that while four additional states now require students to study personal finance, that makes just 17 states total.

We can do better—and we will do better. Read more…

POSTED: April 14, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , ,

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