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Making the Case for Financial Education in Nebraska Bonnie Sibert – [email protected] November 2008

Making the Case for Financial Education in Nebraska Bonnie Sibert – [email protected] November 2008

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Making the Case for Financial Education

in Nebraska

Bonnie Sibert – [email protected]

November 2008

2005-06 Enrollments Public and Nonpublic Grades 9-12

Business Business Economics• 104 courses = 1,757

Personal Finance• 263 courses = 4,669

Introduction to Business• 213 courses = 3,364

TOTAL = 18,769

Family & Consumer Sciences

Consumer Economics• 39 courses = 427

Independent Living• 186 courses = 2,287

Social Studies Economics• 342 courses = 6,265

Appendix Bwww.nde.state.ne.us/BMIT/pdf/FinancialEducationStBoardReport12-6-06.pdf

299 schools out of 341 or 87.7% offer at least one financial education course

0 20 40 60 80 100 120 140

1

Independent Living

Con. Econ

Business Econ

Personal Finance

Introduction to Business

Economics

Fin

an

cia

l Ed

uc

atio

n C

ou

rse

s

Appendix B

2005-06 Public and Nonpublic High Schools (9-12) Offering

One or More Courses in Financial Education

1 Course 35.5%

2 Courses 36.1%

3 Courses 22.6%

4 Courses 5.7%

5 Courses 0%

6 Courses 0%

Appendix C

47 public and nonpublic schools requireeither a Personal Finance or Consumer

Economics Course for graduation.

Complete report delivered to State Board of Education 12’2006

www.nde.state.ne.us/BMIT/pdf/FinancialEducationStBoardReport12-6-06.pdf

Nebraska Career Fields and Clusters Model

Underlying Themes in the NCE Model

Entrepreneurship

Financial Literacy

Global Perspectives

Technology Literacy

Work & Family Literacy

Career Student Organizations Focusing on

Financial Education

DECA

FBLA

FCCLA

FFA

Business, Marketing and Management Career Field

Finance Cluster• Accounting

• Banking Services

• Business Finance

• Securities and Investments

• Insurance

Personal Financewww.nde.state.ne.us/BMIT/Curriculum/personalfinance.htm

Course outlines for David City, Fillmore Central, Lincoln East

Units of study

Making the Case for Financial Education in Nebraska: A Report delivered to the State Board of Education, December, 2006

Financial Education Partners

Nebraska Financial Education Coalition

Nebraska Council on Economic Education

FutureForce Finance

Federal Reserve Bank

Nebraska Financial Education Coalition

Partners meet quarterly

Affiliated with Jump $tart Coalition• Conducts a national survey through random testing

• 50.8% pass rate in Nebraska compared to 48.3 for the nation (19 Nebraska schools participated)

Getting on Board annual conference• Focuses on policy issues birth to death

Money Smart Week, November 10-16

FutureForce Finance

Partners meet quarterly

Business persons, postsecondary educators

Developed career education materials for teachers to use with students• www.futureforcenebraska.org/Talent_PP/Finance/

resources.html

Developed 3 dual-credit course models• College Personal Financial Management

• College Accounting

• College Introduction to Business

Nebraska Council on Economic Education

Stock Market Game

Finance Challenge, online competition

Econ Challenge, online competition

Virtual Economics CD

Teacher training

EcEd Web – ecedweb.unomaha.edu/home.cfm

Federal Reserve Bank

Provides teachers with free resources

Partners with Nebraska Department of Education to facilitate teacher training

www.federalreserveeducation.org

More Resources . . .

www.nde.state.ne.us/BMIT - select Online Resources, Personal Finance• ABCs of Credit Card Finance

• Financial Calculators

• Practical Money Skills