NEFE's Commitment and Short-term Changes in Light of the COVID-19 Pandemic

Illustration of the impact of COVID-19 on financial education policies and practices.
Share:
 

DENVER — The spread of COVID-19 is impacting and affecting every one of us. The National Endowment for Financial Education® (NEFE®) first and foremost prioritizes people. We care about the educators, teachers and practitioners focused on delivering resources and materials, and do not take this current situation lightly. In this global effort, we want to update you on our response and our actions as we continue to closely monitor COVID-19.

“In light of the challenges and concerns surrounding COVID-19, we are adjusting our operations to best serve educators, learners and our staff,” says Billy Hensley, Ph.D., president and CEO of NEFE. “We understand the impacts go beyond the next few weeks. With the financial changes many families are facing, we will not diminish in doing what we do best — to use data to inform effective financial education.”

In regard to specific steps NEFE will take to support practitioners, Hensley states, “Our work near-term will continue to provide quality data and resources to educators. In the coming weeks, we will bring together other funders to define the philanthropic and research needs this pandemic has placed upon financial educators and those who are working toward the improved financial capability of all Americans.”

For Our Partners

We are deeply committed to ensuring that the learners and educators who utilize our educational programs, High School Financial Planning Program® (HSFPP®) and CashCourse®, are able to access and use these resources.

  • We understand that teachers and parents are under immense pressure due to school closures. With this in mind, NEFE will gladly expand the shipping of our HSFPP materials to residential and non- residential addresses. For more information on HSFPP’s efforts to make financial education resources and materials accessible, visit www.hsfpp.org.
  • As colleges and universities update their response to protect students and faculty, CashCourse has outlined how to best adapt its resources for online instruction. To learn more about how to use CashCourse materials in the transition to distance learning, click here.

NEFE is reflecting on how COVID-19 and the severe market volatility are affecting Americans, now and into the future. We want to hear from our partners in the field to inform how we can best support them. In addition, we continue to collaborate with other thought leaders to determine how to best support the financial well-being of all.

Please reach out to us with questions and thoughts.

NEFE’s Internal Policies During COVID-19

In response to the nationwide effort to stem the spread of spreading COVID-19, NEFE is taking measures to protect our colleagues and their families. Throughout March, NEFE staff will be working remotely and will still be available to support our initiatives, research and programs. At this time, we are assessing requests for external meetings and conferences on a case-by-case basis, putting the health of our staff first. We will continue to monitor the COVID-19 situation and update our website appropriately.

More News

Reframing the Problem: Understanding Financial Education as a System

By Billy Hensley, Ph.D., President and CEO

Financial education is often treated as a content problem: What should people know? How should we teach it? How do we reach more learners? Those questions are important, and the National Endowment for Financial Education (NEFE) has invested decades in answering them.

Expansion Requires Stewardship: Building a More Durable Financial Education Field

By Billy Hensley, Ph.D.

Financial education has grown rapidly, but lasting impact will require stronger systems, shared priorities and a commitment to stewardship across the field.

Student Loan Repayment 2025: New Plans, Policy Challenges, and What Comes Next

By NEFE and BPC Staff

More than 42 million Americans currently hold federal student loan debt, representing a collective balance of over $1.7 trillion, with nearly a quarter of borrowers in delinquency or default.

Back to Top