BURLINGAME, Calif., April 23,
2024 /PRNewswire/ -- The community of teachers who
use resources from financial education nonprofit Next Gen
Personal Finance (NGPF) hit a milestone of 100,000 members this
week.
Demand for NGPF's resources has mirrored
the proliferation in state policies guaranteeing a Personal Finance
course.
NGPF's mission is to guarantee that, by 2030, all high school
students receive a personal finance course prior to graduating. The
organization produces high-quality, engaging personal finance
curriculum and professional development at no cost to educators.
Next month, NGPF will celebrate its tenth anniversary.
"The growth in educators seeking personal finance resources for
their classroom reflects the increase in support from advocates and
policymakers across the country who want to ensure high schoolers
graduate with a foundational understanding of how to navigate their
finances," said Tim Ranzetta,
co-founder of NGPF.
Demand for NGPF's resources has mirrored the proliferation in
state policies guaranteeing a Personal Finance course. In 2020,
only eight states guaranteed a personal finance course to all
public high school students. At the end of 2023, 25 states had
enacted laws.
NGPF teacher accounts more than tripled in the last four years.
At the end of June 2020, NGPF had
nearly 33,000 account users. Now, at least 84% of students attend a
U.S. high school where a teacher has an NGPF account.
"As a former high school teacher and principal, one of my
favorite things about personal finance education is that students
want to learn it," said Jessica
Endlich, co-founder of NGPF. "They see the immediate
connection to their lives, they can share the knowledge with their
friends and family, and they're truly motivated to engage with the
materials. That's a win for any school or community."
According to a survey by the National Endowment for Financial
Education, more than 88 percent of adults support requiring
financial education in high school.
"As an early adopter of NGPF resources, the collaborative
community fueled my professional growth, inspiring me to
continuously innovate in my classroom and improve my own content
knowledge," said Amanda Volz, the
first teacher to create an NGPF account, who now works as NGPF's
Director of Professional Development. "This led to transformative
learning experiences for my students as they benefited from the
high-quality NGPF resources that have been, and always will be,
free for everyone."
Of the teachers with NGPF accounts, 37 percent identified as
personal finance teachers, 20 percent as math teachers, nine
percent as Economics and eight percent as Career Prep.
"I recall the initial days with NGPF vividly. It was astonishing
to discover a company offering such a wealth of pertinent content
for my students completely free of charge," said Brenda Martin-Lee, Business Educator at Seneca
High School in N.J., who was the second teacher account with NGPF.
"As time passed, I gradually incorporated the majority of these
excellent resources into my Personal Finance classes."
Research has clearly demonstrated that a Personal Finance
course improves long-term financial decision-making and positively
impacts student debt decisions and credit scores, helps graduates
avoid predatory lenders, helps to increase savings rates among
teachers, and even generates positive spillover effects on
parents.
"I simply can't say enough about the positive impact NGPF has
had on my life. It goes far beyond the curriculum, the professional
development, our Fellows group, scholarships, and the advocacy,"
said Jacqueline Collins, a business
educator at Mansfield High School in Mansfield, Mass. "NGPF built a community of
amazing, like-minded colleagues that I speak with each day, whether
through Finlit Fanatics or in our FinLitFam text group. It's
priceless!" Collins was the fourth teacher to create an account
with NGPF.
A recent report from Tyton Partners found that taking a
one-semester course in personal finance results in an average
per-student lifetime benefit of approximately $100,000. The report also found the cost of
implementing a standalone course can be kept low given the
availability of high-quality curricular resources and teacher
professional development made available by providers at no or
minimal cost.
About Next Gen Personal Finance
Next Gen Personal Finance (NGPF) is a nonprofit committed to
guaranteeing that all high school students receive a personal
finance course prior to graduating. NGPF has become the number one
source for 100,000 educators looking for high-quality, engaging
personal finance curriculum to equip students with the skills they
need to thrive in the future. NGPF invests in teacher professional
development with live Virtual Professional Development, 10
Certification Courses, and 40+ asynchronous On-Demand modules. NGPF
has been recognized by Common Sense Education as a "Top Website for
Teachers to Find Lesson Plans" and "Best Business and Finance
Games" and also named NGPF a "Selection for Learning." Visit
ngpf.org for more.
MEDIA CONTACT
Tim Ranzetta
NGPF Mission 2030 Fund
Next Gen Personal Finance
tim@ngpfmission2030.org
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SOURCE Next Gen Personal Finance