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Gov. Branstad, Lt. Gov. Reynolds recognize Iowa Student Loan scholarship winners for proven financial literacy skills

govGov. 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.

Read the full press release here.

May 21, 2014 at 12:15 pm

Money Habits formed by the age of SEVEN

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

August 2, 2013 at 11:23 am

Conference Recap

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!

July 30, 2013 at 5:34 pm

Treynor High School Students Win Video Contest

2013TreynorVideoCongratulations 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.

April 23, 2013 at 10:30 am

New Free Online Program Targets Iowa Middle School Students

Vault logo

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.

April 17, 2013 at 12:23 pm

Press Release: 30 Iowa High Schools win $1000

Congratulations to these Iowa schools for winning $1000!!  These schools participated in the 2013 Iowa Financial Know-How Challenge. 44 Schools qualified for the cash drawing.

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

April 10, 2013 at 10:19 am

Celebrate April as Financial Literacy Awareness Month

On April 1st, Governor Brandstad proclaimed April as Financial Literacy Awareness Month.

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.

April 2, 2013 at 11:49 am

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    1. Look  for “Kids Night” deals.  Many restaurants offer a special night where kids under 12 eat free or at a greatly reduced price. 1. Share a large entree.  Most meal portions in restaurants are substantially larger than what we are used to at home.  Two people could easily share a portion and neither leave hungry.  This would be good for our waistlines an […]

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  • Money Habits: Can Parents Teach Them? August 20, 2014
    When it comes to managing money, parents want to set a good example for their children. It seems that knowing how to do that is the dilemma. According to a recent survey by T. Rowe Price, about 3 out of 4 parents are hesitant to talk with their kids about finances, even though two-thirds of parents were […]
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