Jul 07, 2019
Personal Finance, Credit Cards, Student Loans
As the calendar turns from June to July, I wanted to share with you a few of the top posts from the school year just ended. Think of this as a great list to generate some new ideas for your personal finance course or even some after-school activities for the upcoming school year:
#10: Let's debate a few personal finance topics
#9: Looking for writing prompts? Here are a few for your personal finance course!
#8: Question of the Day: What percent of people age 75 and older are...
Jun 28, 2019
Cryptocurrencies, Student Loans, Investing, Financial Literacy, Advocacy
Bitcoin value is going wild….again. Michelle Singletary explains why the average person should resist the temptation to get into the game. (WAPO)
One week post-announcement, Libra coverage continues. The Economist takes two looks at it: the first article discusses the mechanics of a global digital currency, and the second discusses how it might impact the banking system.
US Regulators are looking to dig into this proposal. (CNN)
Coin Desk astutely discusses how momentous...
Apr 26, 2019
Teaching Strategies, Podcasts, Paying for College, Student Loans
I met Nic recently in Madison, Wisconsin where he received the 2018 Governor's Financial Literacy Award from Governor Tony Evers. Nic has established a program at Milton High School (which he also attended) where EVERY student creates an Academic and Career Plan which they present as a senior project to their classmates and members of the community. What an amazing and important process for students to go through!
In this podcast, you will learn more about why Nic is so passionate about...
Apr 22, 2019
Question of the Day, Paying for College, Student Loans
Answer: STEM majors (Science, Technology, Engineering, Math)
Why do you think college graduates with STEM majors earn more than other majors?
Should you choose a college major based on information like this? What other factors might you consider in deciding what you want to study?
This data shows the annual earnings premium for a college grad in their early 20s relative to a high school grad at the same age. If a high school grad is earning about $25,000 in their early 20's,...
Apr 01, 2019
Question of the Day, Paying for College, Student Loans, Video Resource
Answer: Level of student debt
What's your biggest concern about applying for college or as you think about your post-high school plans?
Why do you think that student loan debt is such a concern for so many?
Do you know anyone who has a lot of student debt? How are they managing it?
Do you think it is worth it to take on debt for college? Why or why not?
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Mar 31, 2019
Interactive, Paying for College, Student Loans
A great hook for students is being able to personalize data for an activity that helps them understand their community better and how it fits within a larger context. Here's an interactive from Urban Institute that shows county-level data for auto loans, student debt and medical debt (the #1 cause of personal bankruptcy). Here's the output for auto loan debt for San Benito, California:
Questions for students (and you can customize for your own county):
How does your county compare with other...
Mar 18, 2019
Paying for College, Research, Student Loans
Hat tip to Beth Tallman for suggesting this question. Thanks!
Answer: 58% overall
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 students do not finish college?
What personal traits do you think it...
Mar 12, 2019
Question of the Day, Paying for College, Student Loans, Research
As award letters start flooding student inboxes this month and next, we thought this was an important question for students to know the answer to.
What criteria do colleges use to determine the amount of the discount that a student might receive?
Rather than list a discount percentage on your award letter, colleges provide financial aid and grants to reduce the cost of tuition. Why do you think they rarely use the word "discount" anywhere in their financial aid...
Feb 26, 2019
Paying for College, Parent Conversations, Student Loans
In recognition of Financial Aid Awareness month, here is a collection of recent articles related to Financial Aid that may be relevant for your students, as well as links to tools and sites that might be helpful as well. Financial Aid Awareness month kicked off at NGPF with Tim’s interview podcast with Justin Draeger, CEO of the National Association of Student Financial Aid Admissions (NASFAA) on February 8. You might also want to have your students check out the Students,...
Feb 06, 2019
Question of the Day, Credit Cards, Paying for College, Student Loans, Credit Reports
Credit Card (35.6%)
Student Loan (19.9%)
Retail Credit Card (13.7%)
Why do you think that credit cards tend to be the entry point for establishing credit for so many consumers?
Almost no one in any age group establish their credit for the first time by taking out a mortgage. Why do you think that is true?
How do you think that you will establish credit?
Here's the ready-to-go slides for this Question of the Day that you can use in your...
Feb 04, 2019
Just One Resource, Interactive, Math, Behavioral Finance, Student Loans, Mortgages, Financial Scams
In this weekly blog post, the Curriculum team will highlight Just One Resource from our NGPF collection that maybe doesn't get the attention it deserves. Use it this week or bookmark it for later.
[The Resource] INTERACTIVE: Shady Sam
The Gist: Students play loan shark in this engaging game where they see loans from the perspective of a lender as they try to maximize their profits.
The Best Parts:
Students decide between three loan options for...
Jan 25, 2019
Financial Literacy, Personal Finance, Student Loans, Career, Parent Conversations
In case you missed this broadcast Tuesday, NPR’s The 1A included a segment on financial literacy education featuring NGPF’s Jessica Endlich, John Pelletier of the Center for Financial Literacy at Champlain College, and Laura Levine of Jump$tart.
Here is discussion of the increasing number of states requiring financial education, including a link to the Champlain College Financial Literacy Report Card. (Governing)
Even doctors have a side...
Jan 18, 2019
Personal Finance, Investing, Student Loans, Advocacy, Career
Looks like Financial Literacy is on the minds of state legislatures as they start their new sessions. Florida is the latest to consider a required course. (WPTV)
Here is the most straightforward explanation I have seen as to why using your ApplePay™ (or other version) is the safest way to pay for things, after using cash, that is.(Kobliner)
This may not be news, but still worth mentioning that another survey has found most Americans could not handle a $1000...
Dec 21, 2018
Personal Finance, Investing, Index Funds, Student Loans, Economics
Our holiday reading list is a bit longer than our usual list….it will have to last you two weeks! We hope you have a little down time to dig into some of the longer articles on the list. Enjoy your break and Happy Holidays to all!!!
Experian reportedly will begin including utility payments in the credit score calculation, giving millions of people who only use debit cards a credit history/score. (WSJ)
With all of the changes in the tax laws for 2018, here is a...
Dec 20, 2018
FinCap Fridays, Savings, Credit Cards, Student Loans, Stocks
The Federal Reserve hiked interest rates earlier this week which provided an awesome opportunity for a FinCap Friday focused on that event. How do the decisions of this august body percolate through the economy? Check out this FinCap Friday including Yanely's awesome explainer video to learn more:
Looking for more FinCap Fridays? There's more where this came from! Check out the other seventeen here. ...