The NEFE High School Financial Planning Program

1. The NEFE High School Financial Planning Program

2. Who is NEFE? The National Endowment for Financial Education A nonprofit, 501c(3), private operating foundation located near Denver, Colorado. The only national foundation wholly dedicated to improving the financial well-being of all Americans. Evolved from the College of Financial Planning which was founded in 1972. In 1992, the proceeds from the sale of the nonprofit College of Financial Planning created our endowment – which funds all of our programs. Partner with other nonprofit organizations, and governmental entities, to provide financial resources. www.nefe.org

3. Partnerships

4. THE NEFE HSFPP ADVANTAGE Professionally developed, award-winning program Developed by educators, financial professionals Classroom-Tested Interactive, competency-based learning Completely non-commercial IT’S FREE

5. Classroom Materials Student and Teacher Guides for Every Student and Teacher Certificates of Completion Program Data Disk Spanish Language Version in PDF

6. Suite of Web Sites

7. Unit One HSFPP 2007 Unit One Your Financial Plan: Where it All Begins

8. Unit Two HSFPP2007 Unit Two Budgeting: Making the Most of Your Money

9. Unit Three HSFPP2007 Unit Three Investing: Making Money Work for You

10. Unit Four HSFPP2007 Unit Four Good Debt, Bad Debt: Using Credit Wisely

11. Unit Five HSFPP2007 Unit Five Your Money: Keeping it Safe and Secure

12. Unit Six HSFPP2007 Unit Six Insurance: Protecting What You Have

13. Unit Seven HSFPP2007 Unit Seven Your Career: Doing What Matters Most

14. MENTOR INSPIRE APPLY INQUIRE PROCESS GATHER COACH INFORM Four Phases of Learning Four Phases of Learning STUDENT TEACHER

15. Performance –Based learning Performance-Based Learning • Students know in advance what they are expected to do to show competence • Students are required to show competence • Learning experience allows students to develop competence with practice and feedback Each Unit organized around a target competency • A major skill that the student will be able to do as a result of the learning experience • Observable and measurable

16. Unit Target Competencies Create a personal financial plan Prepare a personal budget Propose a personal saving and investing plan Select strategies to use in handling credit and managing debt Demonstrate how to use various financial services Create a personal insurance plan which will minimize your financial loss Examine how a career choice and lifestyle affect your financial plan

17. Complete Presentation Visuals Complete Presentation Visuals Interactive Excel Spreadsheets PowerPoint or PDF Format

18. NEXT STEPS Register as an HSFPP Instructor at http://hsfpp.nefe.org Order materials (allow 3-4 weeks) Include Erica Tobe (MSU Extension) and Beth Troost (MCUL) as a sponsor Alert Erica Tobe/Beth Troost if you are interested in attending full day training programs.

19. October 22, 2008 Schoolcraft County Courthouse 2nd Floor Conference Room 300 Walnut St, Manistique, MI 49854 October 27, 2008 Michigan First CU 27000 Evergreen Lathrup Village, MI 48076 November 7, 2008 Kent County MSUE 775 Ball Ave, NE Grand Rapids, MI 49503 November 11, 2008 Copper Country ISD 809 Hecla St Hancock, MI 49930 November 12, 2008 Ausable River Park Grayling Nature Center 100 South James St. Grayling, MI 49738 November 12, 2008 CP Federal Credit Union 1100 Clinton Road Jackson, MI  49202 Register by emailing Gail Hebert at hebertg@msu.edu Fall 2008 Trainings - Michigan

20. Contact Information: For more information: Erica Tobe (tobee@msu.edu) 517.355.9655 Beth Troost (bat@mcul.org) (734)656-3453 or (800) 262-6285  ext. 453

21. Cash Course • Show pic

22. Stats on College Students and Debt • Two-thirds of all undergraduates borrow money to pay for college. The average undergraduate today leaves campus with just over $19,000 in student loans. One in four grads will carry more than $25,000 (Department of Education and Demos, www.demos.org, 2006). • Half of all graduates in 2004 used credit cards for school expenses, carrying an average balance of $3,900 (American Council on Education, June 2005). • Statistics from recent USA Today Poll: • 63.5% of twentysomethings carry debt. • Nearly half of twentysomethings have stopped paying a debt, forcing lenders to “charge off” the debt and sell it to a collection agency, or had cars repossessed or sought bankruptcy protection. • During the current decade, between 1.4 million and 2.4 million bachelor’s degrees will be lost as financial concerns prevent students from the lowest income bracket from attending college (Advisory Committee on Student Financial Assistance with data provided by the US Education Department).

23. Introduction to CashCourse A free Web site to provide students financial education information for every stage of college life Unbiased, noncommercial content Branding of the school can be integrated into the Web site through the school’s logo, color scheme, and resources Promotional materials are provided and can be customized (although schools using the materials cover the printing costs) Multiple campus departments can use the Web site

24. CashCourse Home page

25. CashCourse Saving Money

26. CashCourse Financial Basics

27. Participating Universities

28. Marketing Materials for Enrolled Schools Marketing material templates Pre-composed financial education content to be used for emails or newsletters

29. Promoting CashCourse to Students • Put a hyperlink to it on the homepage of your web site, and on other noticeable web pages. • Distribute flyers, and “40 Money Management Tips”, at freshman, new student, and parent orientation. • Distribute flyers to RA’s and counselors for them to hand out. • Keep a stack of flyers for financial aid administrators to hand out when students have questions. • Hang posters at financial aid office. • Put an ad in the school newspaper. • Use provided content in school newspaper. • Use content in a newsletter published by your office. • Use press release to let other staff on campus know about this resource. • Put a link to your customized CashCourse on your school’s Facebook page.

30. Ohio State University Example The Ohio State University links to Cash Course in different topic areas, such as Credit Cards and Jobs, within their Financial Life at OSU Web page.

31. Swathmore Example Swarthmore College created their own eye-catching graphic to advertise CashCourse on their Career Services homepage.

32. CashCourse Content 4 Main Categories • Financial Basics • Covers budgeting, banking, credit cards, retirement… • Paying for College • Financial aid, federal aid programs, managing loans… • College Life • Housing, roommates, studying abroad, peer pressure… • World of Work • Interviews, understanding benefits, taxes… Content Contains • Calculators • Worksheets • Links to more information

33. Future Additions to CashCourse Facebook page Workshop & Seminar materials Reimbursement Program to help schools use CashCourse and host workshop and seminars New content (home ownership, marriage, for parents) Evaluation

34. Enrollment Information Signing up for and implementing CashCourse involves 3 simple steps: 1) Visit www.CashCourse.org and click on “Enrollment Information” on the bottom right. There, you will find a form to fill out with your contact information. 2) Once we have received your contact information, a three-page web site agreement will be e-mailed to you. Return the original signed agreement by mail to NEFE. 3) An e-mail will be sent to you with a link to the site, and a password and instructions on how to customize CashCourse with your school colors and logo(s). You will be ready for student use as soon as you customize it and add the link to your Web pages.

35. Contact Information www.CashCourse.org Sample web site can be found at www.CashCourse.org/sample 40 Money Management Tips Every College Student Should Know www.smartaboutmoney.org/40moneytips For more information or questions, contact Amy B. Hartenstine, NEFE Project Manager; Phone: 303-224-3536; Email: CashCourse@nefe.org