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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.
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.