Financial Literacy Trainingfor Secondary Teachers
National Institute for
Financial and Economic Literacy (NIFEL)
William E. Wilcox, MCEPresident, CBM Credit Education Foundation
October 21, 2013
What is NIFEL?
NIFEL IS:3 distinct sessions
Each session includes a pre-test and post-test
Work in groups on projects and make presentations
Homework, computer lab, reading and quizzes
Most importantly course instruction is by “Industry Presenters”
HISTORYAs of August 2013
800+ Educators trained600+ Wisconsin high school teachers trained
2012-13 SCHOOL YEAR
459 NIFEL-trained Wisconsin teachers X 79 students
=36,261 students engaged in financial literacy
TOPICS
MONEY & CREDIT
• Types of Credit (costs, fees, terms, etc.)• Credit Reports & Credit Scores• Collection Issues – Debt Repayment• Money Management – Wise Use of Credit• Money, Inflation, Monetary Policy• Programs – LifeSmarts, MoneySkill, Fool Proof
TOPICS
INSURANCE & INVESTING
• Types of Investing (Stocks, Bonds, Mutual Funds, Etc.)• Investor Education & Protection• Investment Planning (Risk vs. Reward)• Personal Risk Management• Types of Insurance (Life, Health, Home, Auto, Etc.)• Tips on Buying Insurance
TOPICS
PAYCHECKS, FINANCIAL CONTRACTS & ENTREPRENEURSHIP
• Taxes, Social Security, Employee Benefits• Home Buying Process (Mortgage Contracts, Etc.)• Automobile Purchasing (Lease vs. Finance)• Cell Phone & Rental Contracts• Role of Entrepreneurship Throughout History• Panel of Entrepreneurs & Field Trip
COST TO ATTEND in 2013
Registration Fee $300…..includes room, board and all materials (per session)
3 Graduate Credits $450…..granted by Edgewood College (per session)
Many attendees’ registration fees have been covered by local credit unions or school districts…some credit unions have covered the entire $750 cost
Additional InformationRegistration
www.edgewood.edu/NIFEL