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Department of Education to Support Financial Education Initiative at FDIC
Posted on 08/14/2012
The Federal Deposit Insurance Corporation (FDIC) has requested the assistance of the U.S. Department of Education in disseminating information about and requesting schools' participation in one of its financial education initiatives. The FDIC is developing a study to assess how a financial education curriculum—Money Smart for Young Adults (www)—influences the ways that students who have used this curriculum manage their finances. The FDIC is seeking partnerships with schools that plan to use the curriculum with high school students during fall 2012. Participating schools will describe their use of the curriculum and will assess students through pre- and post-training surveys. The FDIC will then use the results to measure the students' financial knowledge and behavior. Participating schools will receive a stipend for their assistance in FDIC's research efforts. The results of the study will be used to inform potential changes to the curriculum and will be disseminated to the financial education community nationwide.
Money Smart for Young Adults is designed to help young people learn the basics of managing their finances, including how to develop positive relationships with financial institutions. The curriculum, aligned with education standards in all 50 states, is composed of eight instructor-led modules, each of which includes an instructor guide, student guide, overhead slides, and a computer-based, decision-making scenario. It is available free of charge. Schools interested in participating in this research initiative or that want more information about the study are invited to call 800–287–1581, to e-mail communityaffairs@fdic.gov, or to submit their information online at http://www.fdic.gov/consumers/consumer/moneysmart/study.html (www).
From the OVAE Connection, newsletter of the Office of Vocational and Adult Education, U. S. Department of Education, July 26, 2012