ImpactThe New Jersey Coalition for Financial Education (NJCFE) is committed to making a lasting impact on communities across New Jersey. Since October 2004, the NJCFE has proudly sponsored numerous conferences reaching thousands of educators, members of the community, and faith-based organizations. Since 2012, NJCFE has reached out to more than 12,000 students, teachers, and community members. In addition, more than 100,000 New Jersey residents have been reached through NJCFE’s resource sharing networks, made up of financial literacy newspapers, articles, and newsletters.
The Coalition also works collaboratively with numerous organizations to develop and disseminate financial literacy education programs. For instance, the NJCFE recently collaborated with the Burlington County Library System to create a series of personal finance webinars from which individuals can participate in online, interactive courses that will teach financial literacy. These financial literacy webinars will not only serve as an invaluable tool for teachers to learn new strategies and earn Continuing Education Units but also provide a much-needed service to the community at large in providing financial education basics.
NJCFE uses behavior-focused evaluation instruments to assess impact and incentives which are provided to increase the response rate. For example, 89 percent of respondents at our Hard Core Financial Education Boot Camp (HCFEBC) used some of the information and/or teaching materials that were provided. Of the respondents, two-thirds reported reaching a total of 400 students, or an average of 67 students apiece.
The NJCFE has received more than $430,000 in grants to support financial education initiatives. Financial literacy initiatives, such as the NJCFE’s HCFEBC, continue to provide New Jersey educators with advanced personal finance content, strategies, and tools. Thanks to a generous grant from Citibank®, participants at NJCFE’s 2012 HCFEBC were able to attend this educational event free of charge, where they interacted with other experienced educators to discuss new ways to teach students about advanced credit topics. These included predatory lending, the time of money, investing, investment fraud, financial aid, student loans, and managing student debt. Creative and innovative teaching strategies were discussed along with resources for personal and professional use.
By the Numbers