NEFE-Funded Research Receives Recognition

AFCPE Issues Outstanding Conference Paper Award


Date: November 18, 2009

Contact: Paul Golden 303-224-3514,

DENVER—Research funded by the National Endowment for Financial Education was recognized in November, 2009, by the Association for Financial Counseling and Planning Education (AFCPE). The summary of the research, Teachers’ Background and Capacity to Teach Personal Finance: Results of a National Study, received the “Outstanding Conference Paper” award at AFCPE’s annual conference in Scottsdale, Ariz. On hand to accept the award was Wendy Way, co-author of the paper with University of Wisconsin-Madison colleague Karen Holden.

"It's always nice to receive an award for research that we think was important enough to do ourselves, because we think it’s new and innovative,” says Holden.

Gordon Genovese, executive director of AFCPE, reflected similarly. He noted that his organization solicits conference papers that not only are timely and relevant in the world, but also are important to conference participants, researchers and counselors out on the street actually doing financial counseling. Out of 19 submitted papers, Way and Holden’s came to the top of the list.

"Today, when it comes to financial education for our youth, we have to ask what actually qualifies you to do that. Way and Holden’s research did just that.”

By 2006, NEFE had initiated a similar conversation and to expand, it appointed Way and Holden to study financial education qualifications in K-12 teachers. The topic and research results were then analyzed at a NEFE salon in July, 2009.

"This (AFCPE) award is also validating for NEFE, which should be recognized for bringing together the group that framed the research to begin with," says Way.

To learn more, read the research report or visit,


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