School Program

Council for Economic Education Provides New Personal Finance Curriculum For Chicago Public Schools

Chicago Public Schools (CPS) has just announced plans to implement a new Financial Literacy Framework to build financial skills at the K-11 level, along with a dedicated personal finance course for 12th-graders created by the Council for Economic Education (CEE). This initiative is the result of a 4-year partnership with CEE and other leaders in finance and financial education, and will provide students with the necessary real-world skills to navigate today’s financial landscape.  This announcement was formally made at last week’s White House Summit on Financial Literacy, where CEE and the school system were recognized for their ongoing efforts to prioritize financial education in our nation’s schools.

CPS’ 12th grade personal finance course is designed to culminate the K-11 skills taught by the Financial Literacy Framework. The one-semester course will use curriculum provided by the CEE, offering seniors both an academic challenge and an education in the real life lessons they need beyond graduation. The capstone course will be introduced to approximately 25 schools in spring 2013, and is expected to reach all district high schools by 2016. Funding by a $1 million grant, courtesy of Discover Financial Services, will also include training for 250 teachers over the next three years.

“We couldn’t be more excited to be part of this important endeavor by Chicago Public Schools,” said Nan J. Morrison, President and CEO of CEE.  “Our graduating seniors are entering college and the workforce woefully unprepared for the real-life financial challenges ahead of them. By providing them with the financial education they need, we hope to change that.”

Additional partners in the development of the Financial Literacy Framework include: Ariel Investments, Econ Illinois and the University of Illinois at Chicago Center for Economic Education, Network for Teaching Entrepreneurship (NFTE), Federal Reserve Bank of Chicago, JP Morgan Chase, National Endowment for Financial Education, CME Group Foundation (Chicago Mercantile Exchange), Chicago Community Trust, Junior Achievement (JA), Illinois State Treasurer’s Office, City Treasurer’s Office, EverFi and the Economic Awareness Council. Money Savvy Generation, CARE, Girl Scouts of America/ Journey World, Illinois Credit Union League and Sargent Shriver National Center on Poverty Law.

About the Council for Economic Education

The Council for Economic Education is the leading organization in the United States that focuses on the economic and financial education of students from kindergarten through high school. CEE trains educators to teach young people the fourth “R”—a real-world understanding of economics and personal finance—so that they will be able to make informed and responsible choices throughout their lives as consumers, savers, investors, citizens and participants in the global economy. Each year CEE’s programs reach more than 55,000 teachers and approximately 5 million students.

POSTED: May 23, 2012 | BY: admin | TAGS: , , , , ,

LIVE on Sunday, May 20 at 3pm: 12th Annual National Economics Challenge

More than 5,760 students from 33 states participated in the 12th Annual National Economics Challenge, and now the top two teams from each division will go head-to-head for the title of National Champion.

WATCH IT LIVE!

This year’s quiz bowl will be broadcast from the Tisch WNET Studios in New York City on Sunday, May 20 at 3:00 pm EST. Tune into this exciting live event by clicking here on Sunday.

TWEET YOUR EXCITEMENT!

Follow the Council for Economic Education on Twitter @council4econed. The live broadcast will feature our Twitter feed, so get in on the action by using the hashtag #CEE to root for your team and share your thoughts as the quiz bowl unfolds.

skyline banner LIVE on Sunday, May 20 at 3pm: 12th Annual National Economics Challenge

POSTED: May 18, 2012 | BY: admin | TAGS: , , , , ,

CEE Attends the White House Summit on Financial Capability and Empowerment

Last week, the White House hosted a Summit on Financial Capability and Empowerment addressing the gap between our complex financial marketplace and consumers’ knowledge about them—or lack thereof.  Our CEO and President Nan J. Morrison was among the industry leaders invited to attend the conference, at which several important announcements were made.

David Nelms, CEO of Discover Financial Services, announced Chicago Public Schools’ plans to implement a new Financial Literacy Framework at the K-12 level. This initiative is the result of a 4-year partnership with CEE, Discover and other industry partners, created to provide students with the necessary real-world skills to navigate today’s financial landscape. CEE will also provide the curriculum for a 12th-grade personal finance capstone course, funded by a $1 million grant from Discover.

Also of note, the Administration announced its new Financial Capability Toolkit containing key information for K-12 schools, institutions of higher education, employers, and community leaders.  Several of CEE’s resources are highlighted in the guide, including this year’s Survey of the States and our Financial Fitness for Life program.

POSTED: May 15, 2012 | BY: admin | TAGS: , , , , ,

CEE Wins EIFLE Award for Education Program of the Year in Children’s Saving and Investing

EIFLE Logo1 150x150 CEE Wins EIFLE Award for Education Program of the Year in Children’s Saving and Investing
Orlando, Fla. – The Institute for Financial Literacy awarded the Council for Economic Education with a 2012 Excellence in Financial Literacy Education (EIFLE) Award. Financial Fitness for Life®, Grades 9-12, won the Education Program of the Year in the Children’s Saving and Investing Category.

“CEE is proud of the recognition received for our Financial Fitness for Life program. A lot of dedication goes into the creation and delivery of FFFL, ensuring we reach as many students as possible to teach smart financial behaviors at a young age,” said CEE President and CEO Nan J. Morrison.

Financial Fitness for Life (FFFL) teaches students, and measures their progress on understanding, the four themes of personal finance: earning an income, saving, spending and credit, and money management with engaging, hands-on instructional activities.

About the Council for Economic Education

The Council for Economic Education is the leading organization in the United States that focuses on the economic and financial education of students from kindergarten through high school. CEE trains educators to teach young people the fourth “R”—a real-world understanding of economics and personal finance—so that they will be able to make informed and responsible choices throughout their lives as consumers, savers, investors, citizens and participants in the global economy. Each year CEE’s programs reach more than 55,000 teachers and approximately 5 million students.

About the Excellence in Financial Literacy Education (EIFLE) Awards

Established in 2007, the mission of the EIFLE Awards is to promote the effective delivery of consumer financial products, services and education by acknowledging the accomplishments of those that advance financial literacy education. The EIFLE Awards dinner is held each year during the Annual Conference on Financial Education.

About the Institute for Financial Literacy

The Institute for Financial Literacy is a nonprofit 501(c)(3) tax exempt organization whose mission is to promote effective financial education and counseling. As a national authority on adult financial education, the Institute advances professionalism and effectiveness in the field of financial literacy by setting the National Standards for Adult Financial Literacy Education™, hosting the Annual Conference on Financial Education™, presenting the Excellence In Financial Literacy Education (EIFLE)™ Awards, maintaining the Library of Personal Finance™, and administering the Center for Financial Certifications®, Council on Financial Education Accreditation™, Center for Consumer Financial Research™ and Center for Consumer Financial Education™. For more information about the Institute, visit www.FinancialLit.org.

POSTED: April 20, 2012 | BY: admin | TAGS: , , , , ,

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