News Releases

 

DC Teachers and ICIEF Award-winning Students Discuss the National Financial Capability Challenge

Washington, DC, February 27, 2012 – Monday, March 12 marks the first day that high-school students can complete the online 2012 National Financial Capability Challenge, a joint initiative of the U.S. Departments of Treasury and Education. The Investment Company Institute Education Foundation (ICIEF) sponsors an awards program intended to encourage Washington, DC high school students to participate in the Challenge, which is designed to engage educators in teaching personal finance and to increase the financial knowledge and capability of high-school aged youth across the United States. More than 84,000 students and 2,500 educators in all 50 states, the District of Columbia, Guam, and Department of Defense schools overseas participated in the Spring 2011 Challenge.

In 2012, ICIEF will award $1,000 to the highest-scoring DC student in the program, with a matching $1,000 award to the student's school. In addition, four other high-scoring DC students, selected randomly from among those who score 75 percent or higher, will receive $1,000 each, with matching $1,000 awards to each of their schools. Finally, two awards of $1,000 each will go to the two DC high schools with the highest student participation rates. (In the event of a tie for the highest score, the winner will be selected randomly.)

Last year, five DC students and three different high schools were recognized with ICIEF awards. Four of the winning students were interviewed about their experience and three educators involved in preparing students for the Challenge were also interviewed. In the videos below, the students discuss how preparing for, and taking the Challenge, changed the way they think about money. Teachers describe the importance of money management skills and techniques they use to reach high-school students.

 

All educators working with high-school aged youth—whether currently teaching personal finance or not—are eligible and encouraged to participate by registering at the Challenge website at http://www.challenge.treas.gov/. The site also provides free classroom resources. The 30-minute online Challenge exam can be administered any time between March 12 and April 13, 2012.  For more information about the Challenge, please see the Challenge website.

ICIEF is the educational affiliate of the Investment Company Institute, the national association of U.S. investment companies, including mutual funds, closed-end funds, exchange-traded funds (ETFs), and unit investment trusts (UITs). Founded in 1989, ICIEF has partnered with schools, nonprofits, and government agencies to develop, deliver, and sponsor investment education programs to underserved Americans.