Summer Institute Q and A
WHAT IS THE VERMONT TEACHERS FINANCIAL LITERACY SUMMER INSTITUTE?
The Summer Institute was created as a response to the growing concern that Vermont students were not being adequately prepared with regard to personal finance topics prior to high school graduation. Half the states in the country, including Vermont, do not require that students be taught financial literacy topics, but a national survey indicates that 89% of teachers believe that students should be required to have financial literacy course prior to high school graduation. The Great Recession and its aftermath are further proof that personal finance knowledge is a necessary 21st century skill that our children should have when they leave high school.
During the first two Institutes (2011 and 2012), 56 teachers from 30 Vermont Supervisory Unions have attended. Based on teacher estimates, we expect graduates to teach over 4,000 Vermont students each year! Imagine how great the impact will be after over 100 Vermont middle and high school teachers have attended an Institute.
WHEN AND WHERE WILL THE SUMMER INSTITUTE BE HELD?
Dates and Times: June 24-28, 2013 — from 8 A.M to 5 P.M
Location: The Summer Institute will be held at Champlain College in Burlington, Vermont. Room and board is available for those who live more than 40 miles outside of Burlington.
WHAT IS THE COST?
The tuition is $1,200. Academic scholarships are available to help cover the cost, based on need. Teachers are asked to seek professional development funds through their school before seeking a scholarship or partial scholarship.
HOW TO I APPLY? ?
Click here to link to the online line application form, the preferred method of applying. The application deadline is May 17, 2013. Applications will be reviewed periodically and participants will be notified of their status. All decisions will be made no later than June 2, 2013. A PDF version of the application can be downloaded by clicking here.
HOW ARE TEACHERS SELECTED?
Our grant requires that we train teachers who teach or who are highly motivated to teach personal finance and that we try to reach educators from 75% of Vermont's Supervisory Unions. To meet this requirement, teachers from specific schools will be targeted meaning the registration process is not solely based on first come first serve. The 2013 Summer Institute is the last of this three-year Vermont project.
WHAT ARE THE INSTITUTE'S GOALS AND WHAT WILL I LEARN?
To give teachers the confidence, skills, and curriculum tools needed to successfully teach personal finance in their classrooms.
This 45-hour graduate level course will cover the following topics:
- Income and Careers
- Planning and Money Management
- Credit and Debit
- Risk Management and Insurance
- Saving and Investing
- Financial Responsibility and Decision Making
- Classroom Ready Curriculum
- Games and Activities to Promote Financial Literacy in the Classroom
During the Summer Institute you will have the opportunity to listen to expert instructors from the financial industry and experts on teaching personal finance in the classroom. You will also receive 3 graduate credits upon completion. For a sample of last year's schedule click here .
WHO DESIGNED THE CURRICULUM?
The curriculum presented at the Summer Institute includes 21 hours of content that has been jointly created by the JumpStart Teacher Training Alliance and the Center for Financial Literacy at Champlain College. The JumpStart Teacher Training Alliance Curriculum was developed by a national steering committee consisting of individuals from the JumpStart Coalition, Nation Endowment for Financial Education (NEFE), Council for Economic Education (CEE), Federal Deposit Insurance Corporation (FDIC), Family Economics and Financial Education (FEFE), Junior Achievement, the United States Department of Education, and the United States Department of Treasury. The Center for Financial Literacy at Champlain College was chosen to be one of five pilot sites for the testing of this innovative curriculum at the 2011 Vermont Teachers Financial Literacy Summer Institute. Over the past 2.5 years, other pilots have also been held in Denver, Chicago, Tuscon, and South Carolina. (For more information on the JumpStart Teachers Training Alliance visit: http://www.jumpstart.org/teacher-training-alliance.html)
WHO WILL BE TEACHING US?
More than 25 individuals provided instruction during the 2011 and 2012 Summer Institutes. We would expect to have a similar number of instructors in 2013. Click here to see biographies of the 2012 instructors.
WHAT DID THE TEACHERS THINK ABOUT THE QUALITY OF THE INSTRUCTION?
"By far the best professional development I have been a part of in 29 years of teaching! The materials, speakers, organizers, and colleagues were absolutely fantastic. I would high recommend the Summer Financial Literacy Institute." Judie Estes, Business Teacher, Mount Anthony Union High School.
"It seems that saying thank you is not enough. Please know that your efforts to make this experience for us possible will benefit students and other teachers in school districts across Vermont as we return and integrate activities and enthusiasm for financial literacy in our schools" A quote from a letter signed by all 2011 Summer Institute participants. Click here to see the entire letter.
Summer Institute 2011 teacher Courtney Poquette was featured in a video series developed by Merchants Bank documenting her time before the Summer Institute, during, and after. To watch Courtney Poquette - Chapter 1, 2 and 3 - in her classroom and at the Summer Institute, visit the Merchants Bank Financial Education webpage.
WHAT TOOLS WILL I BE ABLE TO TAKE BACK TO THE CLASSROOM?
Participating teachers will receive a tool kit of materials worth $400. Last year's kit included a collegiate textbook on personal finance, and a classroom kit filled with games, books, and curriculum to be used with a variety of grades. Teachers will also have access before and after the class to an online Wiki full of information relevant to the summer training.
A BIG THANK YOU
goes to Merchants Bank for providing the Center for Financial Literacy with a generous, 3 year $125,000 grant that has helped make the Summer Institute possible. Click here for the online application.