TEACHER TIP - ANALYZE: A Student Aid Report (SAR)
Amanda Volz brings you a Teacher Tip video on the activity ANALYZE: A Student Aid Report (SAR). This activity has students answer questions while reviewing a sample Student Aid Report and understand the importance of the SAR in the financial aid process. In this video, Amanda discusses how she used this activity in her classroom and provides some tips for you to use it with your students!
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Did you know that we have 35 of these Teacher Tip Videos on our YouTube...
Reading List for January 17-19
Financial Literacy
The corporate world is trying to fill in the void in financial literacy among their employees. According to a WorldatWork survey:
“70% of the 326 employers surveyed currently offer financial well-being benefits and more than half intend to expand such offerings in 2020.”
According to FinTech Times, FinTech businesses are also feeling compelled to fill the financial literacy gap among their customers with education initiatives.
Investing/Economics
This...
NGPF Announces National Winners of 3rd Annual PAYBACK Challenge Essay Contest
PALO ALTO, California, January 14, 2020 - Next Gen Personal Finance (NGPF), a non-profit committed to ensuring that ALL students leave high school with the skills needed to thrive in an increasingly complex financial world, is pleased to recognize 10 students as National Grand Prize winners in their third annual PAYBACK Challenge Essay Contest.
Congratulations to the following students who will receive a $5,000 award from NGPF to be used for educational purposes:
Abigail Stackle of...
NGPF Announces Honorable Mention Winners of 3rd Annual PAYBACK Challenge Essay Contest
PALO ALTO, California, January 14, 2020 - Next Gen Personal Finance (NGPF), a non-profit committed to ensuring that ALL students leave high school with the skills needed to thrive in an increasingly complex financial world, is pleased to announce 94 students from across the nation have received an Honorable Mention Award in their third annual PAYBACK Challenge.
Over 900 students from all across the United States submitted essays earlier last fall. After playing the award-winning college finance...
Reading List for January 10-12
Your (Financial) Health
If you only have time to read one of these articles this week, make it this eye-opening piece from the Atlantic that digs into a research paper by economics from the St. Louis Fed on the college wealth premium—different from the income premium. (St. Louis Fed)
And then find a few minutes for this important read on how mental health issues can severely mpact your financial health. (Business Insider)
Economics
Is the Fed running out of tools to deal with a...
Best of 2019: Most Visited Unit Pages
By Tim Ranzetta
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Dec 30, 2019
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Checking Accounts, Paying for College, Credit Cards, Credit Reports, Career, Investing, Insurance
Our Unit Pages are the most visited pages on the NGPF website. Why? It provides teachers with all of the NGPF resources available on a given topic (unit) on ONE page. So, whether you are looking for 45 minute lessons or just individual resources to supplement your existing lesson, you can find them on the unit page.
Here were the unit pages that received the most page views:
Checking
Budgeting
Taxes
Types of Credit
Investing
Career
Paying For College
Saving
Insurance
Managing...
Best of 2019...NGPF's FinCap Friday
By Tim Ranzetta
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Dec 26, 2019
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Behavioral Finance, FinCap Friday, Investing, Paying for College, Budgeting, Ethics, Generosity
Looking for a 5-10 minute resource to bring current events to your classroom? FinCap Friday is your solution. It's a quiz game, an explainer video and discussion prompts all wrapped into one cohesive resource. With over 600,000 plays since its launch in August of 2018, it's become a weekly Friday routine (or any other day of the week) in classrooms across the country.
Here's the Top 10 FinCap Fridays that are topping the charts (overall):
Famous and Frugal (Budgeting)
Show Me...
Last Reading List for 2019!!
By Beth Tallman
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Dec 20, 2019
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Personal Finance, Budgeting, Credit Scores, Investing, Paying for College, Taxes, Retirement
Many of the articles this week have a common theme: reflecting on the 2010’s as the decade comes to a close. Wishing you all a joyful holiday season and hope you enjoy your well-deserved break!
Personal Finance
Do you think the Social Security Administration should mail out statements annually, or let people log on and check themselves? (WAPO)
Time again for New Years Resolutions: Here is a list from AICPA of 20 things you should consider doing to keep your financial life in order....
Updated QoD: What percentage of students who started college in 2013 graduated within 6 years?
Answer: 60%
Here's the earlier QoD blog post that had data for the 2012 cohort. Slides have been updated to reflect up-to-date information.
Questions:
Which school type has the lowest graduation rates? Which school type has the highest graduation rates?
What might explain these large differences in graduation rates?
What has been the trend in graduation rates over the last 3-4 years for the public and private non-profit colleges?
What do you think are the leading reasons that...
NGPF Podcast: Georgetown's Martin Van Der Werf on the ROI of a college education
I had a great conversation with Martin Van Der Werf from Georgetown's Center on Education and the Workforce. We discussed his center's report "A First Try At ROI" which analyzed the return on investment (ROI) for over 4500 colleges. He shares the key findings and insights from this report and how families should use this information as one input in the college selection process.
Details:
0:00~1:47 Introduction
1:47~3:38 Considering the ROI of attending college
3:38~5:14 How...
Reading List for December 13-15
By Beth Tallman
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Dec 13, 2019
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Personal Finance, Mutual Funds, Economics, Paying for College, Investing
Only one more reading list before the holidays, so we will start with Personal Finance Gift ideas!
If you are looking to add to your holiday reading list (or wish list), here are the six books the Washington Post suggests you read on personal finance.
How about gifts for kids that will teach them about money? Here is a list of ten to consider. (Yahoo Finance)
Economics
The Fed is holding interest rates where they are, and will probably keep them there. (Bankrate.com)
Where will...
Reading List for December 6-8
By Beth Tallman
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Dec 06, 2019
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Economics, Investing, Budgeting, Paying for College, Current Events
Economics/Employment
The November jobs report beat expectations. Dive into the numbers here. (USA Today)
Does the jobs report give a complete employment picture? Forbes takes a look at the employment numbers and finds a large increase in low-quality, low-paying jobs.
"A study by the Brookings Institute, a nonprofit public policy organization that conducts research to solve problems facing society, found that a large amount of the newly created positions are “low-wage”...
Interactive Monday: This interactive will change the way students/parents evaluate colleges
Ok, money isn't everything when it comes to evaluating colleges but it's certainly a big thing as the cost of a college degree exceeds 6 figures for most families. As a result, these three letters, ROI (return on investment), seem to be creeping into the conversation for more and more college going students and their families. Calculating the I (investment) has typically been the easier part of the formula. Once you waded through the obtuse financial aid award letters and figured out the "out of...
Black Friday 2019 Reading List
By Beth Tallman
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Nov 29, 2019
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Economics, Paying for College, Investing, Retirement, Parent Conversations
Today is the official start of the biggest retail push of the year. If you are reading this, you either have already braved the Black Friday crowds (or shopped last night), or you are giving it a pass and shopping online. In any event, the crowds are expected to be a bit less chaotic this year (CBS).
Here is a look at how online shopping and delivery are changing the world (IMO, not for the better):
The Guardian discusses everything from the explosion of warehouses to environmental impact...
QoD: Match with percent with survey results from college-going students: 43%, 73%, 88%
Hat tip to Derek D'Angelo for highlighting this research.
Survey results:
__________ % said the major benefit of a degree was a "Potentially better job / income."
__________% of respondents reported needing money for college outside of their savings.
__________% of respondents reported their level of stress about the college application process as “High"
Answers:
43% said the major benefit of a degree was a "Potentially better job / income."
88% of...
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