Terms of Use

Last revised: December 10, 2025 

Welcome to one of the websites operated by NEFE (the “Websites”). This Website is operated by the National Endowment for Financial Education, a Colorado nonprofit corporation (“NEFE”, “we” or “us”). Please carefully read these Terms of Use, (“Terms of Use” or this “Agreement”), which govern your use of our Websites. 

By using one of our Websites, you acknowledge and agree that you have read and agree to be bound by these Terms of Use. This Agreement is made between NEFE and you or, in the case that you represent and are using our Websites on behalf of a company or other entity, that company or other entity (either you or your entity are referred to in these Terms of Use as “you”). If you do not agree to be bound by this Agreement, please exit our Websites now and refrain from using any materials or content that you may have downloaded from the Websites.  

NEFE reserves the right to revise these Terms of Use at any time without notice to you. By using one of our Websites, you agree to be bound by any such revisions and should, therefore, review the Terms of Use to determine the then current Terms of Use to which you are bound. The most current version of the Terms of Use can be reviewed by clicking on the "Terms of Use" hypertext link located at the bottom of the home page on our Websites.   

Please note that these Terms of Use contain a class action wavier (see “Dispute Resolution; Class Waiver” section below). Through your agreement to these Terms of Use, you and NEFE each expressly waive any rights to enforce this Agreement or resolve any disputes under this Agreement in a class action. 

1. USE OF THE WEBSITES. Our Websites are not intended for use by children under the age of 13. You may access and use the Websites solely for lawful purposes and only in accordance with the terms of this Agreement. Access to certain portions of the Websites or use of certain content may require that you agree to the terms of an additional agreement. Any such additional agreement is in addition to this Agreement and, in the event of a conflict between the terms of this Agreement and the additional agreement, the terms of the additional agreement will control. 

NEFE does not guarantee that any features or functionality of our Websites, or any specific Website, will be maintained over time, and NEFE reserves the right at any time and in its sole discretion to modify, suspend, or discontinue any of our Websites (or any portion thereof) with or without notice.   

NEFE does not provide financial, investment or retirement advice. The information and materials on our Websites are provided without charge and are intended solely for educational purposes. You should not rely upon such information or materials for personal, financial, legal or medical decisions. You should consult an appropriate professional for specific advice relating to your personal situation. 

Any calculators or other interactive features on our Websites are intended to illustrate general information and principles about finance, investments and retirement and are not intended to be used to produce specific recommendations.  

NEFE is not liable for any harm, loss or damage caused by or arising from any information or materials on our Websites, or the direct or indirect use of or reliance on such information or materials. The materials and information on our Websites may be out of date or incomplete. 

2. REGISTRATION. Our Websites may include a process by which our users may create an account and become a registered user (a “Registered User”) of the Website in order to access nonpublic areas of the Website. If the Website has such a registration process, your access to that Website or section will be limited until you become a Registered User of the Website. Your approval as a Registered User is at the sole discretion of NEFE, and NEFE reserves the right to terminate the account of any Registered User at any time, with or without cause, in its sole discretion. In connection with your application to become a Registered User, you may be asked to submit certain information about yourself (“Registration Information”). If your application to become a Registered User is approved, you will be asked to create a password-protected account to access certain nonpublic areas of the Website (an “Account”). You agree to keep your Account information and password confidential. 

As part of the registration process, you may be assigned or permitted to create a user ID for use in identifying your Account (a “User ID”). You may not: (i) select or use a User ID of another person with the intent to impersonate that person; (ii) use a User ID in which another person has rights without such person’s authorization; or (iii) use a User ID that NEFE, in its sole discretion, deems offensive. Failure to comply with the foregoing shall constitute a breach of this Agreement, which may result in immediate termination of your Account. 

You agree to notify NEFE immediately of any actual or suspected unauthorized use of your Account, by sending an email to [email protected]. You are solely responsible for all activities that occur through your Account. NEFE will not be responsible for any loss or liability caused by any unauthorized use of your Account, or by your failure to comply with these obligations. You represent and warrant that: (a) all Registration Information you provide is true, accurate, current, and complete; and (b) you will maintain and promptly update the Registration Information to keep it true, accurate, current, and complete.  You may be able to update your Account Information by logging in to your Account, or if not, you may send an email with the updates to [email protected].  

3. TERM AND TERMINATION. This Agreement will be effective on the date you first use one of our Websites and will continue until terminated. NEFE may terminate this Agreement immediately, for any reason or no reason, with or without notice to you. You may terminate this Agreement at any time if you stop using our Websites. NEFE may also suspend your use of our Websites and direct you to cease using the Websites with or without notice to you and with or without cause. Upon any termination of this Agreement, all rights granted to you under this Agreement will cease; if you are a Registered User, your Account will be closed, and you must promptly discontinue all access to any part of the Websites and the use of any Content (defined below) downloaded or otherwise obtained from the Websites. Sections 3, 4, 5, 6, 9, 10, 13, 14 and 15 will survive termination or expiration of this Agreement for any reason.

4. CONTENT. The text, files, images, graphics, illustrations, information, data, audio, video, photographs and other content (collectively, “Content”) available on or offered through the Websites are protected by intellectual property rights, including, as applicable and without limitation, copyrights, trademarks, patents, and other proprietary and intellectual property rights (“Intellectual Property Rights”). Unless otherwise noted on the applicable Website, and except with regard to Content posted in certain designated areas of our Websites by our Registered users (“User Content”) as between you and NEFE, its partners, affiliates and licensors (“Affiliates”), all  Content is owned by NEFE or its Affiliates. Unless otherwise specifically stated in connection with particular Content, or in an additional agreement between NEFE and you, the following terms and conditions apply to your use of Content.

1. You may print a copy of any Content solely for your own personal, non-commercial use. You must use the Content in conformance with all terms and conditions displayed on the applicable Website, including these Terms. 
2. You may use Content only for non-profit, non-commercial educational purposes or for such other purpose as may be expressly indicated on the Content itself. 
3. You may not use any Content for any commercial purpose or charge a fee or other consideration in exchange for the Content. 
4. You may not utilize the Content to sell, advertise, endorse, or otherwise promote any other service, product, or party. 
5. All use of the Content must be accompanied by an acknowledgment that the Content is owned by NEFE, or if otherwise designated within the applicable Content, the applicable NEFE Affiliate. 
6. You must otherwise abide by all Intellectual Property Rights and all notices, information, or restrictions contained on or in any Content. 
7. You obtain no ownership rights in or to the Websites or Content through this Agreement or through your use of the Content, and you obtain no other rights to utilize the Content other than as expressly set forth in this Agreement. 
8. Your access to and use of any Content is also subject to any other license or other agreement separate from this Agreement that you may have entered into (or may enter into) with NEFE relating to that Content (each such license or other agreement, a “Content Agreement”). Except as expressly set forth in this Agreement or any Content Agreement, You are granted no licenses or rights, whether by implication, estoppel, or otherwise, in or to the Website or  Content, or any Intellectual Property Rights therein or related thereto, and you may not modify, reproduce, perform, display, create derivative works from, republish, post, transmit, participate in the transfer or sale of, distribute, or in any way exploit any portion of the Websites or Content without the prior written permission of NEFE. If you would like to use the Content in a manner that is not expressly set forth in this Agreement or any other Content Agreement, please send your request to NEFE by emailing NEFE at  [email protected]. 

5. MARKS. Unless otherwise labeled, all trademarks, service marks, logos, banners, and page headers displayed on our Websites or any Content (collectively, the "Marks") are the property of NEFE or its Affiliates. Except as expressly set forth in this Agreement, You may not display, link to, or otherwise use the Marks without the prior written permission of NEFE.

6. POSTINGS AND USER CONTENT. The Websites may include forums, bulletin boards, chat rooms, or other opportunities through which our Registered Users may provide or upload User Content to specific sections of our Websites. You agree not to upload or provide any User Content that is: (1) libelous, defamatory, obscene, abusive, pornographic, threatening, or an invasion of privacy; (2) an infringement of the Intellectual Property Rights of, or a violation of the privacy of, any third party; (3) defamatory, false, misleading, harassing, or illegal in any way or that advocates illegal activity; (4) an advertisement or solicitation of funds, goods, or services, includes or facilitates any malware or other harmful computer code or files; (5) confidential, or that you do not otherwise have the right to post on the Websites; or (6) intended to violate any prohibitions of these Terms, whether by linking to any third party site violating these Terms, or otherwise engaging in conduct prohibited by these Terms. You hereby represent and warrant to NEFE and its Affiliates that you own all right, title, and interest in and to any User Content that you provide or upload to the Website, or that you have sufficient rights, whether by implication, estoppel, or otherwise, to grant NEFE the rights discussed in this Section 6. If any User Content is your original work, then you own the copyright in that work, and that copyright does not transfer to NEFE or any other party by the posting of the User Content on the Websites. By providing or uploading any User Content to the Website, you grant NEFE a nonexclusive, royalty-free, perpetual, irrevocable, and fully sublicensable license and right to use, copy, store, reproduce, modify, display, adapt, publish, translate, create derivative works from, distribute, and display such User Content throughout the world in any form, media, software, or technology of any kind now known or hereafter developed, without any obligation of notice, attribution or compensation to you. In addition, you waive all moral rights in the User Content or warrant that all moral rights applicable to such content have been waived. You also grant NEFE the right to use Your name in connection with the reproduction or distribution of your User Content. If you have uploaded User Content into the Toolkit or otherwise shared User Content on our Websites, we are not responsible for returning that User Content to you, and you may lose access to such User Content if you upload it to a portion of our Websites that is later discontinued. We have no obligation to notify you in advance that you may lose access to User Content if we plan to discontinue one of our Websites or any portion thereof. 

7. CLAIMS OF INFRINGEMENT. Just as NEFE requires users of the Websites to respect the copyrights and other intellectual property rights of NEFE, its Affiliates, and third parties, NEFE respects the copyrights and other intellectual property rights of users of the Websites and other third parties. If you believe in good faith that your copyrighted work has been reproduced in whole or part on one of our Websites without authorization in a way that constitutes copyright infringement, you may notify our designated Digital Millennium Copyright Act (“DMCA”) agent by mail to: 

National Endowment for Financial Education  
Attn: DMCA Copyright Infringement Agent  
1550 Market Street, Suite 475  
Denver, CO 80202 

Or you may send your notification by email to [email protected]. 
 
Please provide the following information to NEFE’s DMCA Copyright Infringement Agent:  

1. the identity of the infringed work, and the identity and location of the of the allegedly infringing work;  
2.  Your name, address, daytime phone number, and e-mail address, if available;  
3. a statement that You have a good-faith belief that the use of the allegedly infringing work is not authorized by the copyright owner, his or her agent, or the law;  
4. a statement that the information in the notice is accurate, and under penalty of perjury, that You are authorized to act on behalf of the owner of the copyright that is allegedly infringed; and  
5. Your electronic or physical signature. 

In accordance with the Digital Millennium Copyright Act, it is our policy to terminate use of our Websites by repeat infringers in appropriate circumstances. 

8. REPRESENTATIONS AND WARRANTIES. You hereby represent, warrant, and covenant for the benefit of NEFE and its Affiliates that: (1) you have the legal right and authority to enter into this Agreement, and, if you are accepting this Agreement on behalf of a company or other entity, to bind the company or other entity to the terms of this Agreement; (2) you have the legal right and authority to perform your obligations under this Agreement and to grant the rights and licenses described in this Agreement and in any applicable additional agreement you enter into in connection with the Websites or Content; (3) all information you provide to NEFE in connection with this Agreement and Your access to the Websites and use of the Websites or Content is correct and current.

9. DISCLAIMER AND LIMITATION OF LIABILITY.
9.1 Disclaimer. THE WEBSITES ARE PROVIDED BY NEFE "AS IS" and “AS AVAILABLE” WITH NO WARRANTIES WHATSOEVER. NEITHER NEFE NOR ITS AFFILIATES REPRESENT OR ENDORSE THE ACCURACY OR RELIABILITY OF ANY CONTENT, ADVICE, OPINION, STATEMENT, OR OTHER INFORMATION OR MATERIALS DISPLAYED, DOWNLOADED FROM, OR DISTRIBUTED THROUGH THE WEBSITES. YOU AGREE THAT YOUR ACCESS TO THE WEBSITES IS AT YOUR OWN RISK AND THAT YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE WEBSITES OR SUCH INFORMATION OR MATERIALS. EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED OR EXCLUDED BY AGREEMENT, NEFE EXPRESSLY DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS OR IMPLIED, REGARDING THE WEBSITES AND SUCH INFORMATION AND MATERIALS, INCLUDING, WITHOUT LIMITATION, ALL WARRANTIES OF TITLE, NONINFRINGEMENT, MERCHANTABILITY, AND FITNESS FOR A PARTICULAR PURPOSE. YOU RECOGNIZE THAT THE CURRENT STATE OF TECHNOLOGY DOES NOT ALLOW FOR ERROR-FREE ACCESS TO THE WEBSITES, AND INTERRUPTIONS, CRASHES, AND DOWNTIME BEYOND NEFE’S CONTROL MAY OCCUR FROM TIME TO TIME.  
 
9.2 Limitation of Liability. TO THE MAXIMUM EVENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL NEFE, ITS DIRECTORS, OFFICERS, EMPLOYEES, OR REPRESENTATIVES (“NEFE PARTIES”) BE LIABLE TO YOU OR TO ANY THIRD PARTY CLAIMING THROUGH YOU FOR ANY LOSS, INJURY, LIABILITY, DAMAGE OR DAMAGES ARISING OUT OF OR IN CONNECTION WITH YOUR ACCESS TO, USE OF, INABILITY TO USE, OR RELIANCE ON OUR WEBSITES OR ANY CONTENT, PRODUCT OR SERVICE PROVIDED TO YOU THROUGH OR IN CONNECTION WITH OUR WEBSITES. THIS IS A COMPREHENSIVE LIMITATION OF LIABILITY THAT APPLIES TO ALL LOSSES AND DAMAGES OF ANY KIND WHATSOEVER, INCLUDING FOR ANY DIRECT, CONSEQUENTIAL, SPECIAL, INDIRECT, EXEMPLARY, OR PUNITIVE DAMAGES, INCLUDING WITHOUT LIMITATION, LOSS OF DATA, GOODWILL, REVENUE OR PROFITS, OR LOSS OR MISUSE OF PAYMENT OR FINANCIAL ACCOUNT DATA. THIS LIMITATION OF LIABILITY APPLIES WHETHER THE ALLEGED LIABILITY IS BASED IN CONTRACT, TORT, OR ANY OTHER LEGAL THEORY, IN CONNECTION WITH YOUR ACCESS TO A WEBSITE OR USE OF ANY CONTENT, INFORMATION OR MATERIALS DISPLAYED, DOWNLOADED FROM, OR DISTRIBUTED THROUGH THE WEBSITE, OR SERVICES OBTAINED THROUGH THE WEBSITE, EVEN IF NEFE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES AND NOTWITHSTANDING ANY FAILURE OF ESSENTIAL PURPOSE OF ANY LIMITED REMEDY. NEFE’s total aggregate liability for any damages arising out of or related to this Agreement or the Websites shall not exceed $250. If you are dissatisfied with any portion of the information or Content included in or available through the Websites, or with any of these terms, your sole and exclusive remedy is to cease use of the Websites, information and Content. 

10. INDEMNIFICATION. You will indemnify, defend, and hold harmless NEFE and its Affiliates, employees, agents, contractors, assigns, licensees, and successors in interest (“Indemnified Parties”) from any and all claims, losses, liabilities, damages, fees, expenses, and costs (including attorneys' fees, court costs, damage awards, and settlement amounts) that result from any claim or allegation against any Indemnified Party arising from your accessing or using the Websites, or your breach of any term of this Agreement, including without limitation that result from any User Content you have posted on the Websites, or your breach or alleged breach of any representation or warranty in this Agreement. NEFE will provide you with notice of any such claim or allegation, and NEFE will have the right to participate in the defense of any such claim at its expense.

11. PRIVACY POLICY. Click on this privacy policy link to view a copy of NEFE’s privacy policy (the “Privacy Policy”) which is incorporated in this Agreement by reference. By accepting this Agreement, You expressly consent to the use and disclosure of your personally identifiable and other information as described in the Privacy Policy.

12. LINKED SITES; THIRD PARTY SERVICES. The Websites may contain links to third-party sites that are not under the control of NEFE, and NEFE is not responsible for any content on any third-party site. If you access a third-party site from our Websites, then you do so at your own risk. NEFE provides links only as a convenience, and the inclusion of the link does not imply that NEFE endorses or accepts any responsibility for the content on those third-party sites. NEFE welcomes links to the Websites. 

In addition, our Websites contain certain features and functionality provided and managed by third parties. NEFE does not guarantee, and will not be liable for, any defects in or damages caused by such third-party functionality. 

You may establish a link to each of our Websites, provided that the link does not state or imply any sponsorship or endorsement of you or your site by NEFE or any group or individual affiliated with NEFE. You may not use any Content or Marks appearing on the Website in establishing the link without prior written consent from NEFE. You may not frame or otherwise incorporate into another site the Content or other materials on the Websites without prior written consent from NEFE. When a page of our Websites is accessed from a link featured on your site, each page within our Websites must be displayed in full (including all trademarks, branding, advertising and promotional materials), without any accompanying frame, border, margin, design, branding, trademark, advertising, or promotional materials not originally displayed on the applicable Website page, and without any interstitial pop-ups or web pages loading before the applicable target page is accessed. NEFE reserves the right to revoke these licenses generally, or your right to use specific links, at any time, with or without cause. 

13. NOTICES. Except as expressly stated otherwise, any notices to NEFE required or allowed under this Agreement must be given to NEFE by postal mail to the address for NEFE listed below. If applicable law requires that NEFE accepts e-mail notices (but not otherwise), then You may send NEFE an e-mail notice by emailing NEFE at  [email protected]. With respect to NEFE's notices to you, NEFE may provide notice of amendments by posting them on the Website, and you agree to check for changes. In addition, or in lieu thereof, NEFE may give notice by sending e-mail to the e-mail address you provide during creation of your User Account, or by courier or postal mail if your address is known to NEFE. Notice shall be deemed given 24 hours after it is posted or an e-mail is sent, unless (as to e-mail) the sending party is notified that the e-mail address is invalid, or 3 business days after sending in the event of use of courier or postal mail.

14. DISPUTE RESOLUTION; CLASS WAIVER. You hereby irrevocably and unconditionally consent to the jurisdiction and venue in the state and federal courts sitting in Denver, Colorado, in connection with any claims or disputes arising out of or relating to this Agreement or any Content or services obtained on or through our Websites. In any such dispute, the prevailing party will be entitled to recover its reasonable attorneys’ fees and expenses from the other party. You and NEFE each hereby expressly agree that any dispute resolution proceedings relating to this Agreement, the Websites, the Content, and any services you have received through the Websites, will be conducted only on an individual basis and not in a class, consolidated or representative action.  In addition, we each hereby waive any rights we may have to a jury trial in connection with any such dispute resolution proceedings. You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to the subject matter of this Agreement must be filed within one (1) year after such claim or cause of action arose or be forever barred.

15. GENERAL TERMS. 

15.1 Third-Party Beneficiaries. NEFE’s Affiliates are intended third-party beneficiaries under this Agreement with the right to enforce the provisions that directly concern Content to which they have rights.  

15.2 Nonassignment. You may not assign or transfer any of your rights hereunder, and any attempt to do so will be null and void.  

15.3 Severability. If for any reason any provision of this Agreement shall be held invalid or unenforceable in whole or in part in any jurisdiction, such provision shall, as to such jurisdiction, be ineffective to the extent of such invalidity or unenforceability, without in any manner affecting the validity or enforceability thereof in any other jurisdiction or the remaining provisions hereof in any jurisdiction, and we agree to substitute the invalid provision with a valid and enforceable provision having substantially the same intent and outcome.  

15.4 Governing Law. This Agreement will be governed by the laws of the State of Colorado, without giving effect to any conflict of laws principles. The parties specifically exclude from application to the Agreement the United Nations Convention on Contracts for the International Sale of Goods and the Uniform Computer Information Transactions Act.  

15.5 No Waiver. Any failure by NEFE to exercise its rights under this Agreement or to enforce the terms hereof will not constitute a waiver of those rights.