Program increases students’ financial knowledge

From Press, Staff Reports

Students from five Mississippi high schools that received a grant from  Discover’s Pathway to Financial Success program increased their knowledge of financial education by an average of 32 percent in the 2012-13 school year, many going from failing to passing grades, according to pre- and post-test results submitted by the schools receiving grants in 2012.

Pathway to Financial Success is a five-year, $10 million commitment from Discover to bring financial education into public high schools across the country. As part of the agreement for receiving a Pathway grant, schools are required to report students’ pre- and post-test scores to ensure effectiveness of the curriculum. Many schools applied the funds toward financial education curriculum development, teacher training and enhanced technology. Teachers and administrators said these tools helped bring to life financial resources for students.

The schools that received grants in Mississippi for the 2012-13 school included the Webster County Career and Technology Center in Eupora. At the WCCTC, Dionne Hodges’ Business Management students’ mastery went from 62 percent to 85 percent, according to Discover Financial Services.

Hodges reports, “The grant allowed me to purchase software, textbooks, student workbooks, calculators and business related furniture. I also bought simulation activities for learning how to determine insurance needs, compute tax returns and maintain personal checking accounts.”

In total, Discover Financial Services awarded 126 grants to public high schools in 2012. Discover’s goal is to reach more than a half million students over the five-year period. Additionally, Pathway to Financial Success is raising awareness about the need for financial education in communities throughout the country, and provides financial education tools and resources for schools to use in teaching students.

To date, Discover has awarded more than $3.8 million in financial education grants to public high schools across the country and trained more than 2,700 teachers through its partnership with the Council for Economic Education.

To learn more about the program, visit pathwaytofinancialsuccess.org.