Iowa high schools have a chance at $1,000 when they assess their students’ financial knowledge in the 2013 – 2014 Iowa Financial Know-How Challenge. Registration is free and simple, and participation can be completed in a single 45-minute class period.
Schools that register for the Challenge and have students complete the Ednalysis Financial Literacy Assessment by Jan. 31 will be entered in a drawing for a chance to win one of 30 cash prizes. The drawing will award each winning school $1,000 to benefit its financial literacy programs and scholarship fund.
Iowa Student Loan®, the Iowa Department of Education, the Iowa Jump$tart Coalition, Junior Achievement of Central Iowa and the Iowa College Access Network are the proud sponsors of this program.
Test Students’ Financial Knowledge
The assessment allows teachers to see how well their students understand essential financial literacy skills in five key areas:
- Achieving Financial Goals
- Managing Money Effectively
- Debt Decision-Making
- Investment and Asset Building
- Legal and Ethical Financial Behavior
Registered schools whose students complete the assessment will be entered in the drawing. Individual student scores are confidential and will be shared only with the high school.
Iowa high schools can now register at http://challenge.ednalysis.com for the 2013 – 2014 Iowa Financial Know-How Challenge and students can then begin taking the assessment. Use the “Get Started” link on the left to enter your school information and create your username and password. You will also be able to request login information for each 9 – 12 grade student who will participate in the Challenge.
Special Scholarship for Seniors
The Iowa Financial Know-How Challenge: Senior Scholarship expands the Challenge by awarding 20 scholarships worth $1,500 each to college-bound seniors who complete the Ednalysis assessment test and two financial literacy modules in February 2014. Interested seniors will receive emails highlighting financial literacy tips and reminding them to complete Student Loan Game Plansm and the ROCI Reality Check, two resources offered by Iowa Student Loan to help students realize their financial goals. Watch for more information about the scholarship.
For more information about the Challenge, contact Matt Brown at Iowa Student Loan at (800) 243-7552, ex. 7656, or by email at firstname.lastname@example.org.
Government-backed Money Advice Service (MAS) pointed to a Cambridge University study that suggested that most young children had grasped all the main aspects of how money works and formed “core behaviors which they will take into adulthood and which will affect financial decisions they make during the rest of their lives”.
Caroline Rookes, chief executive of the Money Advice Service, said: “This study really demonstrates the power of parental influences, and illustrates how much of what you learn and absorb when you are young, both consciously and subconsciously, affects the choices you make throughout the rest of your life.”
View the rest of the article here: Money habits are formed by the age of seven – News Article
What a great conference we had in July! We learned so much and got to meet so many neat individuals! If you missed the conference or if you would like to revisit it, please go to our conference page and check out all the cool downloads you can get. Thank you to all the speakers and attendants that came to our conference!
Congratulations to 4 Treynor High School students who won the 2013 Iowa Financial Literacy Program Video Clip Challenge! Students involved were Logan Huff (Sr.), Wesley Masterson (Sr.), John Beckman (Sr.), and Taylor Anderson (Fr.).
Their video compares the financial behavior of two high school students. One student is making good financial decisions while the other makes poor decisions. Watch this fun video on YouTube at http://youtu.be/oJA60WcGI9s.
On April 15, 2013 Lt. Gov. Kim Reynolds announced the launch of a new online financial literacy program, offered through the Iowa College Student Aid Commission (Iowa College Aid). The interactive program, Vault™, will help Iowa 4th through 6th graders establish smart habits and attitudes about handling money. The program is available free to Iowa elementary and middle schools.
Read the entire Press Release: Statewide Program will Help Students Develop Smart Money Habits on Lt. Gov. Kim Reynolds web site.
Get a sneak peak at what Vault offers. View the Vault Demo on YouTube.
See the full press release.
|Alburnett High School||Alburnett|
|Ames High School||Ames|
|Bellevue High School||Bellevue|
|Camanche High School||Camanche|
|Centerville High School||Centerville|
|Central City High School||Central City|
|Central Community High School||Elkader|
|Central High School||DeWitt|
|Davis County High School||Bloomfield|
|Decorah High School||Decorah|
|Denver High School||Denver|
|Hempstead High School||Dubuque|
|Humboldt High School||Humboldt|
|IKM-Manning High School||Manning|
|Independence High School||Independence|
|Kingsley-Pierson High School||Kingsley|
|Marquette High School||Bellevue|
|Marshalltown High School||Marshalltown|
|Mid-Prairie High School||Wellman|
|Moravia High School||Moravia|
|North High School||Sioux City|
|Northeast Hamilton High School||Blairsburg|
|OA-BCIG High School||Ida Grove|
|Pleasant Valley High School||Riverdale|
|Prairie High School||Cedar Rapids|
|River Valley High School||Correctionville|
|Sioux Central High School||Sioux Rapids|
|Southeast Polk High School||Altoona|
|Thomas Jefferson||Council Bluffs|
|West Marshall High School||State Center|
We want everyone in Iowa to know how important financial literacy is to the individual and the community. We will continue to promote skills in financial literacy. Hopefully this proclamation will help Iowan’s see how serious the governor and community is in achieving this goal. Here is the wording in the Proclamation.
WHEREAS, The State of Iowa believes knowledge of personal finance is essential for the success of our citizens and state; and
WHEREAS, Iowa is taking decisive action to promote financial stability, and the State’s prosperity will ultimately depend on our willingness as individuals to empower ourselves and our families with financial knowledge; and
WHEREAS, To lay the foundation for continued prosperity, Iowa must strive to ensure all Iowans have the skills to manage fiscal resources effectively and avoid deceptive or predatory practices; and
WHEREAS, The Iowa College Student Aid Commission and its partners wish to instill core concepts of personal finance in all Iowans including:savings, banking, credit scores, financing higher education, taxes and insurance, consumer fraud and investing; and
WHEREAS, Working with partners across the state, Iowa’s goal is to ensure all Iowans are prepared to successfully manage their finances; and
NOW, THEREFORE, I, Terry E. Branstad, Governor of the State of Iowa, do hereby proclaim the month of April, 2013 as FINANCIAL LITERACY AWARENESS MONTH.