CFPB releases policymakers' guide to fin. ed. in schools
April 7, 2015
WASHINGTON (4/8/15)--The Consumer Financial Protection Bureau (CFPB) has launched a resource guide for policymakers containing strategies for implementing financial educations in states. According to the bureau, the guide is not meant to be an exhaustive overview of current financial education efforts, just a working document that will be revised an updated on an ongoing basis.
The guide features a framework with three main sections:
"Laying the Groundwork," designed to help policymakers make the case for K-12 financial education, set a strategy for initiatives, define the structure for initiatives, foster partnerships and secure resources;
"Building the Initiative," focusing on key components of K-12 financial education including standards and requirements, classroom resources, teacher training and initiative evaluations; and
"Extending the Impact," containing guidance on how to effectively carry out and expand K-12 financial education initiatives, including information on the resources to support the advancement and recognition of efforts and improve and scale existing initiatives.
Each section contains guiding questions, case studies and a resource directory with additional information. According to the bureau, each state's unique circumstances may require different approaches.