Vermont Teachers Financial Literacy Summer Institute (2011-2013 Pilot Program)

Champlain College campus

Generously sponsored by:
Merchants Bank Logo

The Goal: To Increase Teachers' Financial Literacy

In August 2010, the Center for Financial Literacy at Champlain College approached Merchants Bank with a proposal to create the Vermont Teachers Financial Literacy Summer Institute.  The overall objective of that proposal was to increase the financial literacy and instructional capability of Vermont teachers, with a focus on teachers at the high school and middle school levels.

The Results: The Summer Institute Increased Educators' Confidence to Teach Personal Finance

The results of the Summer Institute speak for themselves. Teachers were asked the following question before and after the Summer Institute:

"I have the knowledge necessary to effectively teach my students about personal finance."

Before the Summer Institute:

After the Summer Institute:


Agreed or strongly agree


Agreed or strongly agree

This constitutes a 139% increase over pre-test survey results. Said another way, all but 6% of teachers who attended left feeling like they had the knowledge to be an effective teacher of personal finance.

40,000 Vermont Students Estimated To Be Reached
Over 10 Years

Based on self-reporting, we project each teacher will on average reach 63 students each academic year.  Over 10 years, assuming 8% of teachers leave the profession annually, we estimate the 92 classroom teachers trained will reach 37,760 students with personal finance education informed by the week long Summer Institute. Read More.

Acknowledged by the White House

The Center for Financial Literacy has been recognized by the White House and from the Federal Deposit Insurance Corporation (FDIC) for the Summer Institute's content, impact and partnership approach personal finance education. Read More.

Nationally Recognized Pilot Program

In collaboration with the Denver-based National Endowment for Financial Education (NEFE), a pilot study was established to follow educators—highly trained in personal finance—into their classrooms to measure their impact on their students' knowledge and behaviors. Read The Pilot Program Report [PDF].

The results confirm that The Summer Institute provides teachers with the confidence to manage their own personal finance, and the increased ability to impart this knowledge to their students.

The Curriculum: A Prototype for Excellence

The Summer Institute used a high-quality curriculum that consolidated the best in financial literacy education as compiled by a national steering committee made up of the Jump$tart Coalition, National Endowment for Financial Education (NEFE), Council for Economic Education, Federal Deposit Insurance Corporation (FDIC), Family Economics and Financial Education, Junior Achievement, U.S. Department of Education, and U.S. Department of the Treasury.

Topics covered include:

  • Income and Careers
  • Credit and Debt
  • Risk Management and Insurance
  • Saving and Investing
  • Classroom Ready Curriculum
  • Games to Promote Financial Literacy