Graduating From Test Scores to Credit Scores

DSC6347Brian Page 8x10 hi res for print 150x150 Graduating From Test Scores to Credit Scores

Written by: Brian Page, Chair, Council for Economic Education Teacher Advisory Council

Later this spring, high schools across the country will be graduating students from a world of test scores to a world of credit scores. Many teens will unknowingly be making decisions that will impact them in the decade to come. Yet most lawmakers have fallen short of respecting personal finance as a dedicated subject worthy of stand alone classes required for graduation, taught by teachers trained to teach it well. It’s time we work together to advocate on behalf of high school students to prepare them for the real world.

High school science, math and language arts teachers receive content specific instruction in college, and are required to pass content specific tests to earn teacher certification. Personal finance… not so much. Often times when mandates are passed, they require the integration of personal finance into other coursework. The mandate is often dumped into the laps of teachers who have never been trained to teach personal finance.

A FINRA Investor Education Foundation-funded study, State Financial Education Mandates: It’s All in the Implementation, examined the effectiveness of state mandates on financial education for high-school students. The study noted that if a rigorous financial education program is carefully implemented, it can improve the credit scores and lower the probability of credit delinquency for young adults. In other words, we need to train our teachers, require semester courses devoted to personal finance, and use hands on teaching methods that focus on relevant content.

NCLB aside, our country has historically been a locally controlled education system. This changed following the financial collapse in 2008. Somehow a banking collapse led to education “reform”, and schools were faced with a multitude of new evaluation systems and testing requirements. Subsequently, schools and lawmakers now seem to lack the appetite to pass further education mandates. This should not preclude us from trying, using a common sense approach that does not further burden our schools. I’m confident that if asked, parents and teens would be much happier about recent reform efforts if standardized test scores were a little less important, and helping them build their own credit scores were a little more important.

POSTED: April 7, 2016 | BY: April Somboun | TAGS: , , , , , , , , , ,

CEE Launches Math in the Real World

Math in the Real World CEE Launches Math in the Real WorldThe Council for Economic Education has launched its newest resource: Math in the Real World. Math in the Real World contains interdisciplinary lessons aimed at teaching personal finance and economic concepts, all in the context of math lessons.

Math in the Real World includes lessons that range from “Break-Even Analysis” and “Profit Maximization” to lessons on payday loan expenses and building good credit.

Read more…

POSTED: December 8, 2014 | BY: Daniel Thompson | TAGS: , , , , , , , , , , , , , ,

CEE Offers Free Online Assessment Center

online assessment center large CEE Offers Free Online Assessment Center

The Council for Economic Education is now offering the Online Assessment Center. The OAC is a free online resource that provides teachers with an easy and efficient way of measuring their students’ academic progress. It allows teachers to track real-time data on their students’ understanding of economic and financial concepts.
Read more…

POSTED: December 1, 2014 | BY: Daniel Thompson | TAGS: , , , , , , , , , , , , , , , , , , , , ,

Alfred P. Sloan Award Winners

The Alfred P. Sloan 2014 Teaching Champion Awardees were recognized at the CEE Visionary Awards for excellence and using innovative teaching methods in their classrooms.

101 Alfred P. Sloan Award Winners

Darren Gurney
12th Grade Economics Teacher
New Rochelle High school, New Rochelle, NY

Learn More About Darren Gurney

104 Alfred P. Sloan Award Winners

Kathleen O’Hagan
4th Grade Teacher
P.S. 97/ The Highlawn School, Brooklyn, NY

Learn More about Kathleen O’Hagan

99 Alfred P. Sloan Award Winners

Amanda Tombari
12th Grade Teacher
Clarkstown South High School, West Nyack, NY

Learn More about Amanda Tombari

The Alfred P. Sloan Teaching Champion Award aims to promote economic and financial education at the K‐12 level by recognizing teachers who effectively deliver this important content in their classrooms and achieve results.

POSTED: November 14, 2014 | BY: Daniel Thompson | TAGS: , , , , , , , , ,

65 Years of Delivering Economic Education and Financial Literacy

Since its inception in 1948 the Council for Economic Education has made it its mission to deliver economic education and financial literacy to K-12 students nationwide. In this overview, you’ll see how for the past 65 years the Council has used ever-changing techniques to educate the educators. By equipping teachers with innovative resources, the Council has made great strides in improving the education of economics and personal finance in our schools.

Watch CEE’s New 2014 Overview Video

POSTED: November 10, 2014 | BY: Daniel Thompson | TAGS: , , , , , , , , , , , , , , ,

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