Recent NEFE Press Releases

The first-ever National Financial Literacy Challenge, a voluntary online test of personal finance knowledge sponsored by the U.S. Department of Treasury, shows a majority of high school students don’t appear to be learning or retaining the information needed to make important financial decisions. However, on a positive note, 10 high school students were recognized at an awards ceremony in Washington, D.C. on June 17, for achieving a perfect score of 100 percent on the test.

GREENWOOD VILLAGE, COLORADO—The National Endowment for Financial Education® (NEFE®) has translated its widely-used High School Financial Planning Program® (HSFPP) student guide to Spanish. It is available online for Spanish speakers and teachers to use in learning or teaching about personal finances.

GREENWOOD VILLAGE, COLORADO—President George W. Bush announced Tuesday, January 22, that he signed an executive order to establish an advisory council within the U.S. Department of Treasury “to help keep America competitive and assist the American people in understanding and addressing financial matters.” Ted Beck, president and CEO of the Colorado-based National Endowment for Financial Education, attended the announcement at the White House where he was officially appointed to the President’s Advisory Council on Financial Literacy, a 16-member panel charged with prescribing recommendations on better educating the public on matters related to their finances and their future.

GREENWOOD VILLAGE, COLORADO—The National Endowment for Financial Education (NEFE) now provides an easily-implemented, unbiased and noncommercial financial education solution for colleges, universities and alumni associations to offer to their students. CashCourse, an online financial education resource directed at college students and recent grads, was piloted last fall at several universities through their Web portals.

GREENWOOD VILLAGE, COLORADO—The board of trustees of the National Endowment for Financial Education (NEFE) has appointed Terry Pearce of Larkspur, Calif., as chairman, and named Jackie Booth, Ph.D., of Orlando, Fla., as vice chair. Pearce will serve in the leadership post of the organization’s 16-member board for one year, effective January 2008. Booth will act as vice chair during 2008, after which she then will assume the role and responsibility as chairwoman. Additionally, the NEFE Board of Trustees has appointed two new individuals to serve the leadership assembly.

ENGLEWOOD, COLORADO—The Institute for Financial Literacy® has selected the National Endowment for Financial Education® (NEFE®) as a 2007 recipient for an Excellence in Financial Literacy Education AwardTM (EIFLETM). The National Endowment was recognized in the Institutional Book of the Year for Children in the General Category for its contribution of the NEFE High School Financial Planning Program® (HSFPP).

ENGLEWOOD, COLORADO—Financial education programs in the research marketplace have proliferated in recent years. Yet, accessible ways to evaluate their effectiveness have not kept pace. Focusing on this challenge, the National Endowment for Financial Education® (NEFE®) provided a grant to a team of university researchers for creating a powerful assessment tool designed to help educators measure the success of their respective programs. The result of the collaboration led to the development of the NEFE Financial Education Evaluation Toolkit^SM, an innovative resource that now is available online at no cost to users.

ENGLEWOOD, COLORADO—With the resounding theme of “All across the nation, financial education for a new generation,” the highly-anticipated 2007 edition of the NEFE High School Financial Planning Program® (HSFPP) was officially delivered recently to a national network of representatives who work to ensure the financial well-being of America’s youth.

ENGLEWOOD, COLORADO—It’s a refrain that can make the most stoic of parents quake—the voice of a teenager asking, “Mom, dad, can I borrow $500?” A new program is making this conversation, and other discussions of money, easier for teens and parents alike in hopes of creating financially responsible adults.

ENGLEWOOD, COLORADO—It’s never too early or too late to start saving for life goals. To help individuals achieve financial well-being, there’s a Web site which reaffirms that no matter what stage of life a person may be experiencing, now is the best time for them to get smart about money. The National Endowment for Financial Education® (NEFE®) has created www.smartaboutmoney.org to help consumers cope with the many financial challenges they will face in their lifetime, by providing a wide variety of practical, unbiased and dependable personal finance resources.