UT Federal Credit Union Partners to Bring Financial Education to High School Students
For its second year, Knoxville-based UT Federal Credit Union is partnering with the National Endowment for Financial Education and the University of Tennessee Extension to promote the High School Financial Planning Program (HSFPP), a national public-service initiative designed to provide classroom tools to help teachers enhance the financial literacy of their students.
This summer, a total of 15 two-day Teacher In-Service training sessions are planned. These sessions, held across Tennessee, provide teachers with information on how to instruct high school students in areas such as: creating a financial plan; creating a budget; strategies on handling credit cards and managing debt; and examining how career choices will affect their financial plans.
â€œWith Americans under the age of 25 filing for bankruptcy faster than any other age group, the need for high school curricula focused on personal finance issues has never been more important,â€ Debbie Jones, UT Federal Credit Union CEO, said. â€œLearning how to handle finances at a young age is imperative, and we are excited about the opportunity to help some of todayâ€™s youth start their financial lives on the right foot.â€
Approximately 350 educators are expected to participate in the workshops, a figure that translates to about 3,500 student-impressions throughout the school year. Workshops are scheduled in: Alcoa; Chattanooga; Clarksville; Dyersburg; Elizabethton; Knoxville; Nashville; and Tullahoma. Contact information about each course can be found at fcs.tennessee.edu/hsfpp/schedule.asp.
â€œHSFPP is easy to implement into the classroom and can be completed in as few as 16 hours,â€ Dr. Ann Berry, assistant professor for the University of Tennessee, said. â€œResearch shows as little as 10 hours of personal finance education can make a positive impact. If teachers are able to reach high school students with this information before they are out on their own, maybe we can help prevent them from making some poor financial decisions.â€
Teachers interested in learning more about the training program may contact Berry at 865-974-8198 or by email.