NEW YORK, November 10, 2022 /PRNewswire/ — NAF is pleased to announce a new partnership with Next Gen Personal Finance (NGPF) that will increase access to personal finance education for tens of thousands of students in underfunded communities across the country attending NAF Academies of Finance – small, focused learning communities within existing public high schools.
This partnership supports NAF’s work to address the economic and social disparities that have marginalized too many students in this country with NGPF’s open-source, quality and up-to-date personal finance curricula and free professional development for teachers.
By using NGPF materials and training as an approved program of study, NAF Academy of Finance teachers are able to spend more time teaching and building relationships with their students and less time writing ongoing curriculum updates to keep up with the constant flow Stay ahead of the curve in the evolving field of finance.
“We are excited to enter into this new partnership with NGPF. A big part of being future-ready is financial literacy, and access to personal finance literacy is an investment that will pay off for a lifetime,” he said NAF CEO, Lisa Dugi. “NAF students and teachers have much to gain from these offerings and will build many important skills for their next steps in high school and beyond.”
NAF Personal Finance teachers use NGPF’s semester-long Personal Finance and Financial Algebra curriculum, which aligns with national standards. Additionally, they will participate in NGPF Professional Development (PD) opportunities that include Virtual PD, on-demand modules, and 10-hour intensive certification courses on specific finance topics.
“We are excited to have the opportunity to share our curriculum and professional development opportunities with NAF’s finance academies and their networks,” said NGPF co-founder, Tim Ranzetta. “The personal finance education fits so well with NAF’s commitment to preparing students for the future.”
research shows that personal finance education has positive effects, including improved credit scores and student loan decisions, and a reduction in payday loan utilization.
Eighty-eight percent of parents want schools to teach personal finance, but only 24 percent are currently doing so. In communities that have high percentages of Black and Hispanic students and those that serve underserved students, Access to financial education is only 5 percent.
For the 2021-2022 school year, more than 30,000 students attended 180 NAF Academies of Finance across the country. 85 percent of these students were women and/or members of ethnic minorities. Ninety-eight percent of seniors in NAF Academies have graduated, and 87 percent plan to go to college. In addition, NAF academies focus on other growing industries including hospitality and tourism, information technology, engineering and health sciences.
NAF is a national nonprofit organization transforming the high school experience to prepare students for college, careers, and future success. NAF’s educational design is uniquely comprehensive in its approach to skills development, empowering students of all backgrounds to participate in meaningful education, and empowering companies to shape America’s future workforce by transforming the learning environment to deliver STEM-infused, career-relevant curricula and Work-based learning experiences, including internships, will be integrated.
NAF grew out of a NAF Academy of Finance in NYC to hundreds of academies across the country focused on growing industries such as finance, hospitality and tourism, information technology, engineering and health sciences; and undergraduate courses aligned with the National Career Clusters Framework.
In the 2021-22 school year, over 120,000 students attended 618 NAF academies in 35 states plus DC, Puerto Rico, and the US Virgin Islands. In 2021, NAF Academies reported that 99% of seniors have graduated, with 87% of graduates planning to go to college. For more information, please visit: http://naf.org/.
About Next Generation Personal Finance:
Next generation personal finance (NGPF) is a non-profit organization dedicated to ensuring that all high school students receive a personal finance course before graduation. NGPF has become the “one-stop shop” for more than 70,000 educators looking for high-quality, engaging personal finance curriculum to equip students with the skills they need to succeed in the future. NGPF invests in teacher professional development with live virtual PD workshops, 10 certification courses and over 40 asynchronous on-demand modules. NGPF was named “Top Website for Teachers to Find Lesson Plans” and “Best Business & Finance Games” by Common Sense Education.
Courtney SavoyDeputy Director, Communications, NAF, [email protected]
Hannah RaelMarketing Communications Manager, Next Generation Personal Finance, [email protected]
SOURCE Next Generation Personal Finance