FSCJ’s Center for Economic and Financial Education Receives $5,000 Grant from State Farm for Financial Literacy Education
JACKSONVILLE, Fla. – Florida State College at Jacksonville’s (FSCJ) Center for Economic and Financial Education (CEFE) was awarded the 2016 State Farm Good Neighbor Citizenship Education grant. The $5,000 grant will help the CEFE expand a financial literacy initiative for the region’s K-12 educators into Collegewide programs which will reach FSCJ students as well as the faculty and staff. The workshops provide necessary economic knowledge and financial skills to be able to make responsible financial decisions. Currently hosted on FSCJ’s Kent Campus and working with the Florida Council on Economic Education, CEFE serves as a valuable community resource for our region’s educators who are able to share the information they have learned with their students.
With the additional funds from State Farm, CEFE will have the ability to expand its economic and financial literacy efforts to benefit FSCJ’s students and employees as well. Designed to help prepare underrepresented students to make informed financial decisions while also helping to reduce the College’s overall student loan default rate, the program’s goal is to directly impact economic and financial decision-making throughout our community.
Through the Collegewide program during the 2016-17 academic year, the CEFE intends to educate 200 FSCJ students and 50 members of the faculty and staff on economic and financial matters, especially as it concerns borrowing wisely and decision-making regarding higher education. The CEFE will partner with other groups throughout the College including Student Life and Leadership, the Financial Skills Academy (FSA), Faculty Senate as well as staff employment councils to establish a comprehensive and cohesive effort.
CEFE believes there are three fundamentals to effective economic and personal financial education in schools. 1) Teachers must be knowledgeable about the subject and should be able to help students learn how to use basic economic and financial concepts to analyze personal and social issues. 2) Workshop participants need curriculum and instructional materials that clearly and appropriately present economic content. 3) There must be a central place in the school curriculum for economics instruction with devoted substantial classroom time.
Spring 2016 will serve as the planning period for topic evaluation and seminar scheduling. Seminars will be held in Fall 2016 and Spring 2017 to complement the FSA’s coursework. Course topics will be selected based upon each audience and may include topics such as: emotions and money; earning and borrowing money; tracking spending; bridging the college funding gap with student loads; paying college bills; and general financial and economic literacy. The initiative will also include a signature CEFE event to be held on an annual basis for the public.
Funding for the seminars is provided through the State Farm Good Neighbor Citizenship Education grant program. A check presentation with State Farm representatives and FSCJ leadership was held today at the FSCJ Kent Campus Art Gallery, 3939 Roosevelt Blvd. Jacksonville, FL 32205.
For further information about the CEFE, visit http://www.fscj.edu/community-engagement/center-on-economic-and-financial-education.
Florida State College at Jacksonville (FSCJ) is a public, nonprofit higher education institution that offers more than 150 degree and certificate programs to meet the education and training needs of more than 50,000 students per year.