This week, Iowa Governor Terry Branstad and Department of Education Director Brad Buck held a press conference to unveil recommendations for improving financial literacy across the state. The recommendations were developed by a collaborative working group of state officials from the Department of Education and representatives from the business community, including members of the Iowa Jump$tart Coalition. Read more about the recommendations here: http://bit.ly/1mbV3m3
Iowa Jump$tart is a coalition of members who seek to improve the personal financial literacy of all Iowans. To help you get to know our board members better, we will periodically spotlight members here.
For this spotlight, we are featuring Mike Johnson. Mike brings a wealth of financial education knowledge to the board – with his experience in helping both students and adults. Mike started teaching economics in high school 14 years ago, and is currently a teacher at SE Polk High School — where he helps teach students about financial literacy. Mike just started working as a financial planner, and in addition to teaching, also is an advisor with AO Wealth Advisory in Urbandale.
Experian is offering 20 scholarships for PreK-12th grade classroom teachers to attend the Jump$tart National Educator Conference in Los Angeles Nov. 8-10, 2014. The scholarships cover the registration fee of $425, which includes full participation in the conference, all conference meals and receptions, and two nights in a private room at the Omni Hotel at California Plaza.
Click here to learn more about the conference.
Click here to learn how apply for this scholarship.
Engage your students in learning about investing – with the Stock Market Game, provided through Dordt College’s Center for Economic Development. This real-life simulation gives your students the chance to learn this important life skill in a fun and interactive way – and is easy for teachers to administer.
The game is tailored for students grade three through the college level, and is free for students in Iowa. The game is also segmented into divisions by different grade level groups, in which the students can compete for the chance to win various prizes.
The fall games will run from Oct. 6 to Dec. 12, 2014. To register your class to participate, visit www.stockmarketgame.org.
Or download the flier Stock Market Game 2014-2015
On July 17, a group of Iowa teachers attended the Iowa Jump$tart Financial Literacy Conference in Ankeny, Iowa. This annual conference highlights financial literacy programs and materials available for educators to use in the classroom in order to teach the subject of financial literacy to Iowa students.
Opening keynote speakers included Kenneth McDonnell of the Consumer Financial Protection Bureau (CFPB) and Bill Cheeks of the National Jump$tart Coalition. McDonnell shared information on financial literacy resources available from the CFPB, including tools to help consumers with questions about paying for college and understanding mortgages. Cheeks provided an update on resources available from the National Jump$tart Coalition, including opportunities to attend their National Educators Conference Nov. 8-10 in Los Angeles.
Mary Suiter of the Federal Reserve Bank of St. Louis was the keynote speaker during the lunch hour, and discussed the variety of financial literacy resources available from her organization. The St. Louis Fed offers economics and personal finance education resources segmented by educational level, such as elementary school, middle school, high school and college, through their Econlowdown program.
Closing keynote speakers were TS Bank Institute’s Bob Mantell and Kyle Osborne. Leading an interactive session, Mantell and Osborne discussed their blueprint to improve financial literacy for students and shared a variety of free financial literacy resources available for teachers. TS Bank is currently involved with in-school banking and after school programs, as well as offering professional development resources for teachers so they feel prepared and comfortable teaching financial literacy material.
In addition to the keynote speakers, breakout sessions providing additional resources and information were held by representatives from the Iowa Attorney & General’s Office, Wells Fargo, MECCA, Dordt College, Financial Capability Network, Davenport Community School District, and AskMrG Consulting, LLC.
All of the speakers shared a multitude of financial literacy programs and classroom materials ranging from online games for improving financial skills to information for teens starting the journey to financial independence. The conference helped inspire and give new ideas to all levels of educators as they prepare for the new school year.
Gov. Branstad, Lt. Gov. Reynolds recognize Iowa Student Loan scholarship winners for proven financial literacy skills
Gov. Terry E. Branstad, Lt. Gov. Kim Reynolds and Iowa Student Loan leaders recognized today 20 Iowa high school seniors who each won a $1,500 college scholarship through participation in the Iowa Financial Know-How Challenge: Senior Scholarship, administered by Iowa Student Loan. The high school seniors from across the state were recognized in a special award ceremony at the Iowa Capitol.
This was the first year Iowa Student Loan offered the Iowa Financial Know-How Challenge: Senior Scholarship, which provided Iowa high school seniors the chance to win $1,500 for college while learning important financial literacy skills.
Between December 2013 and February 2014, registered high school seniors were asked to complete two online financial literacy tutorials — Student Loan Game Plan and the ROCI Reality Check — which Iowa Student Loan developed to help students understand the consequences of college borrowing and discover how to maximize their return on college investment, or ROCI. In addition, scholarship contenders were required to take an online financial literacy assessment test created by Ednalysis, an Iowa educational research company. Scholarship winners were determined from those who earned top scores on the assessment test.
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, the Iowa Department of Education, the Treasurer of the State, the Department of Commerce Banking and Insurance Divisions, and their 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.