NGPF Podcast: Tim Talks To John Pelletier, Director Of The Center For Financial Literacy at Champlain College

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Oct 20, 2015
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Policy, Research, Professional Development, Podcasts

Thanks to John Pelletier, who joined me recently on the NGPF Podcast show to discuss national trends in personal finance education and a solution to the professional development needs of high school instructors.  Embarking on a second career with a mission to improve the financial literacy of young adults in Vermont, John has had a tremendous impact on creating a national dialogue on what the key ingredients of a personal finance program should look like.

Among John’s many awards, he was recently selected as the 2015 Financial Literacy Champion by the Vermont JumpStart Coalition.  Included in this broad-ranging discussion, John shares the “hot off the press” results of his biennial Report Card which evaluates state-level efforts to improve financial literacy in high schools.  Enjoy!

Details:

  • 0:30: How did a Duke law graduate with 20 years in the asset management industry end up starting up a financial literacy center at Champlain College in Burlington, VT?  
  • 3:15: Discusses Vermont Summit as launch pad for financial literacy efforts within the state
  • 4:30: Discusses Financial Literacy Summer Institute pilot program held at Champlain College
  • 12:00: Philosophy of Summer Institute pilot for teachers; gaps that training filled
  • 19:00: Costs to run a Summer Institute
  • 20:55: Why John added student loans training module for the teachers in the third year of institute
  • 22:30: John discusses 2015 National Report Card on State Efforts To Improve Financial Literacy in High Schools and factors that go into the grades given to each state
  • 27:15: How are we doing as a nation when it comes to personal finance based on your research?
  • 28:00: Examples of states (Alabama and Florida) that have made changes at the state level to improve their grades
  • 30:00: Research found that the more local control at the district level the less likely it is that a state will mandate that personal finance be taught
  • 31:00: States doing an excellent job in training teachers (Utah)
  • 34:00: Why does Utah have such a concerted effort to teach high school students financial literacy?
  • 35:50: How to pitch a school board to increase commitment to personal finance
  • 38:35: Why student loans and college financing issues are not incorporated in national standards for financial literacy
  • 43:00: Discusses shortcomings in entrance counseling process
  • 45:45: What concepts would you teach high school seniors about personal finance if you only had 45 minutes?

 

Show notes:

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.