Commentary

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Massachusetts Financial Literacy Task Force Issues Key Report

by FinancialCorps, 02 January 2016


All eyes were on the state of Massachusetts when State Treasurer Deb Goldberg and her Financial Literacy Task Force recently released their statewide report on the status of financial education in Massachusetts. Following the launch last year of a comprehensive research effort by the Treasurer’s Office of Economic Empowerment, and a half-year of analysis and […]

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NFCC Receives $4 Million from Synchrony Financial to Support Enhanced Financial Literacy

by FinancialCorps, 22 December 2015


Heightened levels of financial literacy funding continue to be evident on a broad scale. In one of the latest announcements of significant financial support for financial education programming, Synchrony Financial has committed a $4 million grant to the National Foundation for Credit Counseling (NFCC) in support of the next phase of the “Sharpen Your Financial […]

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Crowd Funding Boosts Financial Aid and Financial Literacy

by FinancialCorps, 05 December 2015


Crowd funding is taking the financial education space to new heights, as organizations and individuals are leveraging the power of the internet and the fast growth and popularity crowd funding to seek solutions to the mushrooming student debt, financial aid and financial literacy challenges. In the latest development that has the financial education community buzzing, […]

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Financial Literacy & Student Debt: Key Topics in 2016 U.S. Presidential Race

by FinancialCorps, 23 November 2015


The campaign trail continues to heat up for the 2016 U.S. presidential race, and among the leading themes dominating conversations and town hall sessions are the rising costs of college, student loan burdens, and overall financial capability of Americans. With student debt drove through the one trillion dollar milestone some time ago, while students, graduates […]

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CFPB Issues Third Annual Financial Literacy Report to U.S. Congress

by FinancialCorps, 12 November 2015


In its continuing effort to improve consumer financial education, the Consumer Financial Protection Bureau (CFPB) released its third Financial Literacy Annual Report to the United States Congress detailing the CFPB’s various activities in which it engaged to enhance financial education from June 2014 through September 2015. Several primary elements of the CFPB’s financial literacy strategy […]

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Michigan Legislature Approves Financial Literacy Graduation Requirement

by FinancialCorps, 06 November 2015


The financial education community is buzzing over legislation passed by the Michigan Senate that requires high school students to complete a course in economic and financial literacy in order to graduate. While the state’s school code already permits students to substitute a course in financial literacy for their math class, this legislation makes financial education […]

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MassMutual Commits $100 Million to Financial Literacy; Initiative to Launch in 10 U.S. Cities

by FinancialCorps, 30 October 2015


The global financial literacy community is buzzing over the announcement by MassMutual that it will commit $100 million to financial education, with funding to its affiliate Society of Grownups, which is a learning initiative focused on improving the financial literacy among individuals in their twenties and thirties. Society of Grownups will use the funding not […]

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Over 170,000 Students Get Financial Education in Fifth Third’s One Million Teens Initiative

by FinancialCorps, 26 October 2015


The financial literacy industry was buzzing over Fifth Third Bank’s announcement that it is sponsoring 170,000 students to receive financial education during this 2015-2016 school year, underwriting the deployment of Dave Ramsey’s Foundations in Personal Finance course throughout 1,637 high schools in communities in which the Bank has a presence. The move comes on the […]

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Junior Achievement and American Honda Finance Team Up on Financial Education

by FinancialCorps, 20 October 2015


On the heels of results of a national survey showing that teens lack essential knowledge relating to auto finance, Junior Achievement USA and American Honda Finance Corporation developed and rolled out a new website designed to assist youth in understanding important financial concepts for owning and maintaining a vehicle. The new website can be found […]

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Chevrolet & Rainbow PUSH Coalition Launch National Financial Literacy Initiative

by FinancialCorps, 12 October 2015


A high profile partnership between Chevrolet and the Rainbow PUSH Coalition was unveiled in October as part of their alliance to develop and launch a series of financial literacy workshops designed to teach African American consumers about financial and investment topics that will help them develop greater levels of financial security. The Rainbow PUSH Money Matters […]