Erica Tobe, PowerPoint Presentation

The NEFE High School The NEFE High School Financial Planning ProgramFinancial Planning Program

Who is NEFE?

• The National Endowment for Financial Education• A nonprofit, 501c(3), private operating foundation located near

Denver, Colorado.• The only national foundation wholly dedicated to improving the

financial well-being of all Americans.• Evolved from the College of Financial Planning which was

founded in 1972. • In 1992, the proceeds from the sale of the nonprofit College of

Financial Planning created our endowment – which funds all of our programs.

• Partner with other nonprofit organizations, and governmental entities, to provide financial resources.

• www.nefe.org

Partnerships

THE NEFE HSFPP ADVANTAGETHE NEFE HSFPP ADVANTAGE

• Professionally developed, award-winning Professionally developed, award-winning programprogram

• Developed by educators, financial Developed by educators, financial professionalsprofessionals

• Classroom-TestedClassroom-Tested

• Interactive, competency-based learningInteractive, competency-based learning

• Completely non-commercialCompletely non-commercial

• IT’S FREEIT’S FREE

Student and Teacher Guides Student and Teacher Guides for Every Student and for Every Student and

TeacherTeacher

Certificates of CompletionCertificates of Completion

Classroom MaterialsClassroom Materials

Program Data DiskProgram Data Disk Spanish Language Version in PDFSpanish Language Version in PDF

Suite of Web SitesSuite of Web Sites

HSFPP 2007HSFPP 2007Unit OneUnit OneYour Financial Your Financial Plan: Where it Plan: Where it All BeginsAll Begins

Unit One

HSFPP2007HSFPP2007Unit TwoUnit TwoBudgeting: Budgeting: Making the Most Making the Most of Your Moneyof Your Money

Unit Two

HSFPP2007HSFPP2007Unit ThreeUnit ThreeInvesting: Investing: Making Money Making Money Work for YouWork for You

Unit Three

HSFPP2007HSFPP2007Unit FourUnit FourGood Debt, Good Debt, Bad Debt: Bad Debt: Using Credit Using Credit WiselyWisely

Unit Four

HSFPP2007HSFPP2007Unit FiveUnit FiveYour Money: Your Money: Keeping it Safe Keeping it Safe and Secureand Secure

Unit Five

HSFPP2007HSFPP2007Unit SixUnit SixInsurance: Insurance: Protecting Protecting What You HaveWhat You Have

Unit Six

HSFPP2007HSFPP2007Unit SevenUnit SevenYour Career: Your Career: Doing What Doing What Matters MostMatters Most

Unit Seven

INSPIREINSPIRE

INFORMINFORM

MENTORMENTOR

COACHCOACH

INQUIREINQUIRE

GATHERGATHERPROCESSPROCESS

APPLYAPPLY

TEACHERTEACHER

STUDENTSTUDENTFour Phases of LearningFour Phases of Learning

Four Phases of Learning

• Students know in advance what they are expected to do to Students know in advance what they are expected to do to show competenceshow competence

• Students are required to show competenceStudents are required to show competence

• Learning experience allows students to develop competence Learning experience allows students to develop competence with practice and feedback with practice and feedback

Performance-Based LearningPerformance-Based Learning

• A major skill that the student will be able to do as a result of A major skill that the student will be able to do as a result of the learning experiencethe learning experience

• Observable and measurableObservable and measurable

Each Unit organized around a Each Unit organized around a target target competencycompetency

Performance –Based learning

Unit Target CompetenciesUnit Target Competencies1.1. Create a personal financial planCreate a personal financial plan

2.2. Prepare a personal budgetPrepare a personal budget

3.3. Propose a personal saving and investing planPropose a personal saving and investing plan

4.4. Select strategies to use in handling credit and Select strategies to use in handling credit and managing debtmanaging debt

5.5. Demonstrate how to use various financial servicesDemonstrate how to use various financial services

6.6. Create a personal insurance plan which will Create a personal insurance plan which will minimize your financial lossminimize your financial loss

7.7. Examine how a career choice and lifestyle affect Examine how a career choice and lifestyle affect your financial planyour financial plan

CompleteCompletePresentation VisualsPresentation Visuals

InteractiveExcel Spreadsheets

PowerPoint or PDF Format

Complete Presentation Visuals

NEXT STEPSNEXT STEPS

• Register as an HSFPP Instructor at Register as an HSFPP Instructor at http://hsfpp.nefe.org http://hsfpp.nefe.org

• Order materials (allow 3-4 weeks)Order materials (allow 3-4 weeks)

• Include Erica Tobe (MSU Extension) and Include Erica Tobe (MSU Extension) and Beth Troost (MCUL) as a sponsorBeth Troost (MCUL) as a sponsor

• Alert Erica Tobe/Beth Troost if you are Alert Erica Tobe/Beth Troost if you are interested in attending full day training interested in attending full day training programs. programs.

Fall 2008 Trainings - MichiganOctober 22, 2008Schoolcraft County Courthouse 2nd Floor Conference

Room300 Walnut St, Manistique, MI 49854

October 27, 2008Michigan First CU 27000 Evergreen Lathrup Village, MI 48076

November 7, 2008Kent County MSUE775 Ball Ave, NEGrand Rapids, MI 49503

November 11, 2008Copper Country ISD809 Hecla StHancock, MI 49930

November 12, 2008Ausable River Park Grayling

Nature Center100 South James St.Grayling, MI 49738

November 12, 2008CP Federal Credit Union 1100 Clinton RoadJackson, MI  49202

Register by emailing Gail Hebert at [email protected]

Contact Information:

For more information: Erica Tobe ([email protected]) 517.355.9655

Beth Troost ([email protected])

(734)656-3453 or

(800) 262-6285  ext. 453

Cash Course

• Show pic

Stats on College Students and Debt Two-thirds of all undergraduates borrow money to pay for college. The

average undergraduate today leaves campus with just over $19,000 in student loans. One in four grads will carry more than $25,000 (Department of Education and Demos, www.demos.org, 2006).

Half of all graduates in 2004 used credit cards for school expenses, carrying an average balance of $3,900 (American Council on Education, June 2005).

• Statistics from recent USA Today Poll:– 63.5% of twentysomethings carry debt.– Nearly half of twentysomethings have stopped paying a debt, forcing

lenders to “charge off” the debt and sell it to a collection agency, or had cars repossessed or sought bankruptcy protection.

• During the current decade, between 1.4 million and 2.4 million bachelor’s degrees will be lost as financial concerns prevent students from the lowest income bracket from attending college (Advisory Committee on Student Financial Assistance with data provided by the US Education Department).

Introduction to CashCourse

• A free Web site to provide students financial education information for every stage of college life

• Unbiased, noncommercial content• Branding of the school can be integrated into

the Web site through the school’s logo, color scheme, and resources

• Promotional materials are provided and can be customized (although schools using the materials cover the printing costs)

• Multiple campus departments can use the Web site

CashCourse Home page

CashCourse Saving Money

CashCourse Financial Basics

Participating Universities

Marketing Materials for Enrolled Schools

Marketing material templates

Pre-composed financial education content to be used for emails or newsletters

Promoting CashCourse to Students

1. Put a hyperlink to it on the homepage of your web site, and on other noticeable web pages.

2. Distribute flyers, and “40 Money Management Tips”, at freshman, new student, and parent orientation.

3. Distribute flyers to RA’s and counselors for them to hand out.

4. Keep a stack of flyers for financial aid administrators to hand out when students have questions.

5. Hang posters at financial aid office.6. Put an ad in the school newspaper.7. Use provided content in school newspaper.8. Use content in a newsletter published by your office.9. Use press release to let other staff on campus know about

this resource.10. Put a link to your customized CashCourse on your school’s

Facebook page.

The Ohio State University links to Cash Course in different topic areas, such as Credit Cards and Jobs, within their Financial Life at OSU Web page.

Ohio State University Example

Swarthmore College created their own eye-catching graphic to advertise CashCourse on their Career Services homepage.

Swathmore Example

CashCourse Content4 Main Categories

1. Financial Basics• Covers budgeting, banking, credit cards, retirement…

2. Paying for College• Financial aid, federal aid programs, managing loans…

3. College Life• Housing, roommates, studying abroad, peer pressure…

4. World of Work• Interviews, understanding benefits, taxes…

Content Contains• Calculators• Worksheets• Links to more information

Future Additions to CashCourse

• Facebook page

• Workshop & Seminar materials

• Reimbursement Program to help schools use CashCourse and host workshop and seminars

• New content (home ownership, marriage, for parents)

• Evaluation

Enrollment Information

Signing up for and implementing CashCourse involves 3 simple steps:

1) Visit www.CashCourse.org and click on “Enrollment Information” on the bottom right. There, you will find a form to fill out with your contact information.

2) Once we have received your contact information, a three-page web site agreement will be e-mailed to you. Return the original signed agreement by mail to NEFE.

3) An e-mail will be sent to you with a link to the site, and a password and instructions on how to customize CashCourse with your school colors and logo(s). You will be ready for student use as soon as you customize it and add the link to your Web pages.

Contact Informationwww.CashCourse.org

Sample web site can be found at www.CashCourse.org/sample

40 Money Management Tips Every College Student Should Know

www.smartaboutmoney.org/40moneytips

For more information or questions, contact Amy B. Hartenstine, NEFE Project Manager; Phone: 303-224-3536; Email: [email protected]