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Media Coverage of the Center for Financial Literacy

marketwatch.com

Avoid these 10 money mistakes your parents made
Strategies for college grads to start on the right financial footing

May 9, 2012

Not being a best-selling author, film star or U.S. senator, I won't be giving commencement speeches this spring. But as I imagine myself at the podium in front of eager young college graduates, I know exactly what I would say.

http://www.marketwatch.com/story/avoid-these-10-money-mistakes-your-parents-made-2012-05-09

readMedia.com

Champlain College Center of Financial Literacy Recognized in iGrad Compendium

May 4, 2012

iGrad, a college graduate digital resource for money, jobs, career and internships, recognized Champlain College as one of 24 of the most innovative financial literacy programs at colleges today in its "2012 Financial Literacy Compendium."

http://readme.readmedia.com/Champlain-College-Center-of-Financial-Literacy-Recognized-in-iGrad-Compendium/3867421

wallstreetjournal.com

College Graduates, You Need to Start Saving Now

April 21, 2012

The majority of this spring's college graduates aren't ready to take on the world financially. Two-thirds of students will graduate with debt that averages $25,250 in student loans and more than $4,000 in credit-card debt, according to the Project on Student Debt.

http://online.wsj.com/article/SB10001424052702304432704577348052844503384.html

chicagotribune.com

Frame your goals when picturing retirement

April 27, 2012

Saving for retirement when you're in your 20s requires some imagination. You have to imagine yourself in old age, needing the money that you put aside today. You have to imagine the size of your nest egg, a formidable amount. And you have to imagine balancing this need with other important financial goals, such as paying off student debt and buying a first home.

http://articles.chicagotribune.com/2012-04-27/business/sc-cons-0426-started-20120427_1_retirement-savings-short-term-goals-big-picture

marketwatch.com

College grads: Think about retirement now
Start saving early; avoid your parents’ problems

April 16, 2012

The majority of this spring’s college graduates are not ready to take on the world financially. On average, two-thirds of students will graduate with student loans of $25,250 and more than $4,000 in credit card debt.

http://www.marketwatch.com/story/college-grads-think-about-retirement-now-2012-04-16

moneyland.time.com

First Job? 6 Critical Steps to Long-Term Security

April 5, 2012

The Class of 2012 may be surprised to hear that they need to start saving...right now. Here are 6 ways to make saving for retirement both painless and bulletproof.

http://moneyland.time.com/2012/04/05/first-job-6-critical-steps-to-long-term-security/

readMedia.com

Vermont Launches Personal Finance Literacy Pilot Program

With Goal of Creating a National Model for Education

April 4, 2012

A new program to study the effectiveness of financial literacy education in Vermont high schools was launched today. The pilot program is the result of a partnership between state government entities, non-profit corporations and financial institutions. The new program will be managed by Champlain College's Center for Financial Literacy.

http://readme.readmedia.com/Vermont-Launches-Personal-Finance-Literacy-Pilot-Program/3797388

boston.com

Vt. launches new financial literacy program

April 4, 2012

Officials from Vermont's Champlain College are joining state government leaders and financial industry executives to call for better training in Vermont high schools on financial literacy.

http://www.boston.com/news/local/vermont/articles/2012/04/04/vt_launches_new_financial_literacy_program/?utm_source=VBM+Mailing+List&utm_campaign=710239d801-Enews_3_42_20124_4_2012&utm_medium=email

csdspotlight.org

CHS Wins $22,500 Grant for Financial Education!

April 2, 2012

We are thrilled to announce that a $22,500 Discover Pathway to Financial Success grant has been awarded to Colchester High School to further develop and implement financial literacy education into our students’ curricular offerings!

http://csdspotlight.org/2012/04/02/chs-wins-22500-grant-for-financial-education/

kidsvt.com

Rich Kid, Poor Kid

How do parents teach their kids about money, income and inequality? 

April 1, 2012

In these troubled financial times, discussions of wealth and economic inequality are sure to come up. Children are perceptive, and from an early age, they notice differences among their peers, including socio-economic ones.

http://www.kidsvt.com/vermont/rich-kid-poor-kid/Content?oid=2138264

mercurynews.com

Berkeley blazing trails to beat car costs

March 19, 2012

While UC Berkeley graduate student Katie DeWitt studies, a total stranger could be taking her Prius on a Target run.

The Haas School of Business student is renting out her personal vehicle through Wheelz, a peer-to-peer car-sharing company that connects car owners to renters.

http://www.mercurynews.com/alameda-county/ci_20180813/berkeley-blazing-trails-beat-car-costs

Forbes

The Future Starts Now

By David Tyrie, Merrill Lynch

December 19, 2011

Today’s young adults are smart, confident and tech-savvy. They’re also entering the working world at a very challenging moment. Here are some strategies that can give them the right start.

http://www.forbes.com/sites/merrilllynch/2011/12/19/the-future-starts-now-2/

Huffington Post

Financial Literacy for the College Student

By Mary Johnson

November 30, 2011

A college degree is and will continue to be a major key to economic security, social mobility and prosperity for millions of Americans. But as college costs continue to rise and family income remains stagnant at best, attaining that goal requires an increasingly significant investment of financial resources. College loans have provided a vital lifeline for most students and families, but affordability remains a top concern. It's time for a shared commitment to rebalance this equation.

http://www.huffingtonpost.com/mary-johnson/financial-literacy-college_b_1121636.html

Chicago Tribune

Student debt looms large for a generation

Average balance of nearly $30K reflects a new reality

By Jodi S. Cohen and Vikki Ortiz Healy

October 29, 2011

A college education used to be a ticket to a secure future.

Now, a generation of students and graduates is walking off campus with a collective $1 trillion in student loan debt and troubling career prospects. The daunting combination is forcing them to rethink their futures, postponing weddings, home purchases and vacations to make hefty monthly payments on loans that will follow them into middle age.

http://www.chicagotribune.com/news/education/ct-met-student-loan-debt-20111030,0,465728.story

Stowe Reporter

This Week in Stow Rotary Club

October 20, 2011

Thursday's speaker was John Pelletier of Stowe, who is director of the Center for Financial Literacy at Champlain College. The center is designed to promote and develop financial literacy skills in kindergarten through 12th grade students, college students, teachers and adults.

http://www.stowetoday.com/stowe_reporter/community/article_d89197aa-fb25-11e0-b7dd-001cc4c002e0.html

Inside Higher Ed

Why Occupy Colleges?

By John Pelletier

October 7, 2011

At noon Wednesday, thousands of college students from at least 75 colleges walked out of class as part of Occupy Colleges, which is the collegiate version of Occupy Wall Street. Students are angry and they want to show their support for the 99 percent of American citizens whom they feel are being ignored by our political leaders and fleeced by Wall Street. Given the Arab Spring and the unrest caused by the youth in these countries, is it surprising that America could be on the brink of a College Fall?

http://www.insidehighered.com/views/2011/10/07/essay_about_why_students_joined_the_occupy_wall_street_movement

This editorial also appeared in:

VTDigger.org

Pelletier: Occupy Colleges protests are both an expression of anger and a call for help

http://vtdigger.org/2011/10/06/pelletier-occupy-colleges-protests-are-both-an-expression-of-anger-and-a-call-for-help

Burlington Free Press

My Turn: Here's why college students are angry

http://www.burlingtonfreepress.com/article/20111026/OPINION02/110260305/My-Turn-Here-s-why-college-students-angry?odyssey=mod|newswell|text|FRONTPAGE|p

Vermont Life magazine

Every Vermonter Has a Story

John Pelletier: financial literacy educator

By James Askew

Autum 2011 edition

John Pelletier, a Duke law graduate with 20 years in the asset management industry, had long marveled at the lack of personal finance education in America. For years, he swore to family and friends that if he ever had more time, he would do something about it.

http://www.vtlife.com/?wPage=OneIn625

Burlington Free Press

Creative Corner: Teach our children opportunities, pitfalls of finance

Sound education early produces financially fit citizens in future

Published September 7, 2011

As our children, grandchildren, nieces, nephews and neighbors begin a new academic year in elementary, middle and high school or start a new semester at college, we should ponder how they will obtain the financial sophistication that they need to successfully navigate though the financial complexities of the 21st century.

http://www.burlingtonfreepress.com/apps/pbcs.dll/article?AID=2011110907016

The Future Starts Now - Merrill Lynch AdvisorMerrill Lynch Advisor

The Future Starts Now

By Anita Slomski

Summer/Fall 2011 edition

Today's young adults are smart, confident and tech-savvy. They're also entering the working world at a very challenging moment. Here are some strategies that can give them the right start.

http://www.totalmerrill.com/publish/mkt/client/mladvisor/features/the-future-starts-now.html

USA Today

States start to require courses in financial literacy

Starting this fall, Virginia high school students will need more than reading, writing and arithmetic to snag a diploma.

Published August 15, 2011

Incoming high school freshmen will be required to take a one-credit course outlining the ABCs of economics and personal finance.

... The effort extends beyond grades K-through-12. Starting last year, an eight-part course in personal finance became part of the four-year curriculum for Champlain College in Burlington, Vt. Students who don't complete a seminar on time lose their ability to schedule classes for the next semester, says John Pelletier, head of Champlain College's Center for Financial Literacy.

http://www.usatoday.com/money/perfi/basics/2011-08-12-personal-finance-courses_n.htm?loc=interstitialskip

MarketWatch

Financial literacy must be taught in our schools

Commentary: Few of us are trained to deal with our own money

Published July 26, 2011

This summer marks the fourth anniversary of the beginning of the financial crisis that led to America's recent Great Recession. In the summer of 2007, the first warning tremors were felt in our credit markets, and U.S. citizens began to learn about terms like mortgage-backed securities, sub-prime loans and credit default swaps.

http://www.marketwatch.com/story/financial-literacy-must-be-taught-in-our-schools-2011-07-26

Vermont Public Radio (VPR)

Program Seeks To Raise Financial Literacy

Published June 20, 2011

Personal finance has become more complex, making it even more critical for people to understand how to manage their money. Monday on Vermont Edition, we look at financial literacy and an ambitious program at Champlain College that attempts to improve what Vermonters understand about saving and investing, credit and debt.

http://www.vpr.net/episode/51404/

Vermont Public Radio (VPR)

Study Says High School Students Falling Behind In Financial Literacy

Published June 21, 2011

A survey of Vermont high schools finds that while some form of financial literacy is taught in many of them, the courses are elective and they vary in what's being taught.

The study was conducted by the Center for Financial Literacy at Champlain College.  It also shows many high school teachers don't believe students are learning what they need to know about managing finances.

VPR's Steve Zind reports.

http://www.vpr.net/news_detail/91180/

Reuter's Money

4 retirement tips for twentysomethings

Published May 4, 2011

By Yesha Shah

In today's dismal job market, it's no wonder college grads are focused on finding a job instead of socking away money for the future. Unfortunately, young people aren't the only ones befuddled by their post-career plan: 55 percent of Americans say they don't know how to achieve their retirement goals, an ING survey finds.

http://blogs.reuters.com/reuters-money/2011/05/04/4-retirement-tips-for-twentysomethings/

Burlington Free Press

Conference urges financial education for Vermont students

A statewide financial literacy conference Thursday at Champlain College focused on how to provide additional and improved personal finance education in Vermont.

Gov. Peter Shumlin was the opening speaker at the event, organized by Champlain College's Center for Financial Literacy and sponsored by TD Bank and National Life Group.

http://www.burlingtonfreepress.com/article/20110620/NEWS01/106200309/ Conference-urges-financial-education-Vermont-students

Champlain View: Spring 2011

At the Center of a Financial AWAKENING

Champlain College LEADs the Way to A Rational Relationship with Our Wallets

Last December in Roger H. Perry Hall, President David F. Finney stood up before a packed room to unveil the College's latest project - The Center for Financial Literacy at Champlain College. He introduced its director, John Pelletier, who up until that day was a bit of a mystery man to most people on campus.

http://www.champlain.edu/Champlain-View-Spring-2011/Feature-Center-of-a-Financial-Awakening.html

Seven Days

Asset Management

Champlain College's new Center for Financial Literacy gets people talking about money

By Lauren Ober

Published April 6, 2011

Guess how much Vermont high school seniors know about personal finance. Virtually nothing, according to a 2008 survey of financial literacy conducted by the national financial education nonprofit Jump$tart Coalition for Personal Financial Literacy.

...John Pelletier wants to change that...

http://7dvt.com/2011champlain-center-financial-literacy

Merrill Lynch Video Featuring Champlain CollegeMoney Management 101

"Personal finance education is a lot like sex education in the 1960s. It is rarely taught and very rarely mandated," says John Pelletier, the Director of the Center for Financial Literacy at Champlain College in Burlington, Vermont.

In this video, he outlines some of the financial basics taught at the Center.

http://www.totalmerrill.com/totalmerrill/pages/ArticleViewer.aspx?title=money-management-101

Chicago Tribune

Saving sooner the better

Published March 18, 2011

By Carolyn Bigda, special to Tribune Newspapers

Learning how to make smart money choices when you're young can make all the difference to your financial well-being. With the economy still on shaky ground and worries about state pension cuts making headlines, that message may be all the more important.

http://articles.chicagotribune.com/2011-03-18/business/sc-cons-0317-started-20110318_1_money-lessons-employers-free-money

It's Your Future

What Young Americans Need to Know About Retirement

Watch the full hour webcast of the Merrill Lynch panel that Champlain College's John Pelletier participated in earlier this month. It is now available online for viewing and will be the focus of an advertising campaign for the next month in business publications across the country.

http://www.totalmerrill.com/totalmerrill/pages/Webcast_Retire_0311_TM.aspx?referrer=TM-Home

Merrill Lynch Webcast with John Pelletier Merrill Lynch Panel Discussion with John Pelletier

State of Vermont

Office of the State Treasurer

January 26, 2011

Joint Legislative Briefing for House and Senate Education Committees

Briefing included an overview of Financial Literacy in the State of Vermont, along with testimony on Adult Education, Coalition Work, High Schools and New Programs.

http://www.vermonttreasurer.gov/sites/treasurer/files/pdf/literacy/Leg_Briefing_on_Fin_Ed.pdf

Champlain College News & Notes blog

New Year's Resolutions

January 5, 2011

Champlain College came roaring out of the New Year's gate with several nice mentions and features in the media, including an interview with our new director of the Center for Financial Literacy at Champlain College - John Pelletier on WCAX.

http://champlaincollegenews.blogspot.com/2011/01/new-years-catch-up.html

New York Times

In College, Learning About Money

By RON LIEBER

Published: January 7, 2011

...An education is one of the best defenses against financial flimflam, but many students never learn the things that help. Only a handful of states require schools to teach basic personal finance, and it's often of the old-fashioned, balancing-the-checkbook variety. Also, it tends to come at a stage in life when students are years away from putting the knowledge to practical use.

So I was heartened to hear about Champlain College here, which recently started requiring all undergraduates to attend two sessions in financial literacy.

Visit the NYT Web site to continue reading

WCAX.com

Champlain College Opens Financial Literacy Program

By Bianca Slota

Burlington, Vermont - December 6, 2010

Champlain College in Burlington opened a new center Monday with the aim of educating Vermonters about their finances.

The college says the economic recession highlighted just how little most people understand their finances. The new Center for Financial Literacy will start with three main programs -- a training for teachers so they can educate students about savings and debt; training for students, including college kids; and a program that allows college students to access their credit score and find out how to protect it.

http://www.wcax.com/story/13624134/champlain-college-opens-financial-literacy-program

Burlington, VT, USA
Phone: 802-860-2700 or 800-570-5858
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