1. Financial Literacy Training for Secondary Teachers National Institute for Financial and Economic Literacy (NIFEL) William E. Wilcox, MCE President, CBM Credit Education Foundation October 21, 2013

2. What is NIFEL?

4. NIFEL IS: 3 distinct sessions Each session includes a pre-test and post-test Work in groups on projects and make presentations Homework, computer lab, reading and quizzes Most importantly course instruction is by “Industry Presenters”

5. HISTORY As of August 2013 800+ Educators trained 600+ Wisconsin high school teachers trained 2012-13 SCHOOL YEAR 459 NIFEL-trained Wisconsin teachers X 79 students = 36,261 students engaged in financial literacy

6. TOPICS MONEY & CREDIT Types of Credit (costs, fees, terms, etc.) Credit Reports & Credit Scores Collection Issues – Debt Repayment Money Management – Wise Use of Credit Money, Inflation, Monetary Policy Programs – LifeSmarts, MoneySkill, Fool Proof

7. TOPICS INSURANCE & INVESTING Types of Investing (Stocks, Bonds, Mutual Funds, Etc.) Investor Education & Protection Investment Planning (Risk vs. Reward) Personal Risk Management Types of Insurance (Life, Health, Home, Auto, Etc.) Tips on Buying Insurance

8. TOPICS PAYCHECKS, FINANCIAL CONTRACTS & ENTREPRENEURSHIP Taxes, Social Security, Employee Benefits Home Buying Process (Mortgage Contracts, Etc.) Automobile Purchasing (Lease vs. Finance) Cell Phone & Rental Contracts Role of Entrepreneurship Throughout History Panel of Entrepreneurs & Field Trip

9. COST TO ATTEND in 2013 Registration Fee$300…..includes room, board and all materials (per session) 3 Graduate Credits$450…..granted by Edgewood College (per session) Many attendees’ registration fees have been covered by local credit unions or school districts…some credit unions have covered the entire $750 cost

10. Additional Information Registration www.edgewood.edu/NIFEL