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An Update on the New Graduation Requirement for Virginia Students. Economics and Personal Finance. VACTEA September 29, 2010 Virginia Beach, Virginia Judith P. Sams Program Specialist, Business and Information Technology Virginia Department of Education. Today, we’ll look at. - PowerPoint PPT Presentation
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September 29, 2010September 29, 2010
An Update on the New Graduation Requirement for An Update on the New Graduation Requirement for Virginia Students. . . .Virginia Students. . . .
Economics and Personal Economics and Personal FinanceFinance
VACTEAVACTEASeptember 29, 2010September 29, 2010
Virginia Beach, VirginiaVirginia Beach, Virginia
Judith P. SamsJudith P. SamsProgram Specialist, Business and Information TechnologyProgram Specialist, Business and Information Technology
Virginia Department of Education Virginia Department of Education
September 29, 2010September 29, 2010
Today, we’ll look at. . . .
The history of the graduation requirement The progress that has been made Where we are now What we expect to happen next What Virginia school divisions are doing to
meet the requirement And answer questions you may have
September 29, 2010September 29, 2010
Financial Literacy in VirginiaFinancial Literacy in Virginia
For some time, instruction in economics and finance has For some time, instruction in economics and finance has been available to, but not required of, Virginia students.been available to, but not required of, Virginia students.
1999 – The Virginia BOE approved a personal finance 1999 – The Virginia BOE approved a personal finance course to meet one of the mathematics requirements for course to meet one of the mathematics requirements for the Modified Standard Diploma. The personal living and the Modified Standard Diploma. The personal living and finance course may not be used to satisfy the mathematics finance course may not be used to satisfy the mathematics requirement for other diplomas in Virginia. requirement for other diplomas in Virginia.
The VDOE developed The VDOE developed Objectives for Personal Living and Objectives for Personal Living and FinanceFinance to assist school divisions in developing a course to assist school divisions in developing a course to meet this requirement.to meet this requirement.
September 29, 2010September 29, 2010
Economics Education and Financial Economics Education and Financial Literacy ObjectivesLiteracy Objectives
2005 – The General Assembly required the BOE to develop 2005 – The General Assembly required the BOE to develop objectives for economics education and financial literacy to be objectives for economics education and financial literacy to be required of all students at the middle and high school levels.required of all students at the middle and high school levels.
2006 – The Board adopted 2006 – The Board adopted Economics Education and Financial Economics Education and Financial Literacy: Objectives and Correlations to Mathematics and Literacy: Objectives and Correlations to Mathematics and History and Social Science Standards of Learning and Career History and Social Science Standards of Learning and Career and Technical Education Competenciesand Technical Education Competencies. .
School divisions had flexibility in determining the format and School divisions had flexibility in determining the format and strategies used to help students meet the requirement.strategies used to help students meet the requirement.
September 29, 2010September 29, 2010
Economics Education and Financial Economics Education and Financial LiteracyLiteracy
The VDOE collaborated with the Virginia Economic Education The VDOE collaborated with the Virginia Economic Education Council and Jump$tart to provide professional development in Council and Jump$tart to provide professional development in financial literacy.financial literacy.
The VDOE developed a Web site devoted to resources for The VDOE developed a Web site devoted to resources for teaching financial literacy, as well as 35 video vignettes to assist teaching financial literacy, as well as 35 video vignettes to assist teachers in presenting the economic and financial principles teachers in presenting the economic and financial principles addressed in the addressed in the ObjectivesObjectives. This has now been put on Itunes . This has now been put on Itunes U so it can be used without using broadband space—and I will U so it can be used without using broadband space—and I will complete the correlation to the EPF SOL next week. complete the correlation to the EPF SOL next week.
The Board of Education approved several requests from local The Board of Education approved several requests from local school divisions to increase graduation requirements locally by school divisions to increase graduation requirements locally by adding a requirement in personal finance.adding a requirement in personal finance.
September 29, 2010September 29, 2010
Economics and Personal FinanceEconomics and Personal Finance
February 19, 2009 – The Virginia Board of Education February 19, 2009 – The Virginia Board of Education adopted revisions to the adopted revisions to the Regulations Establishing Regulations Establishing Standards for Accrediting Public Schools in Virginia Standards for Accrediting Public Schools in Virginia (SOA).(SOA).
In addition to creating two new diplomas (Standard In addition to creating two new diplomas (Standard Technical and Advanced Technical), the SOA contained Technical and Advanced Technical), the SOA contained several changes to graduation requirements, at that time several changes to graduation requirements, at that time to be effective with students entering the ninth grade in to be effective with students entering the ninth grade in 2010-2011.2010-2011.
One credit in economics and personal finance will be One credit in economics and personal finance will be required for the Standard, Advanced Studies, Standard required for the Standard, Advanced Studies, Standard Technical, and Advanced Technical Diplomas.Technical, and Advanced Technical Diplomas.
September 29, 2010September 29, 2010
Standard DiplomaStandard Diploma Beginning with the ninth-grade class of 2011-2012 and beyondBeginning with the ninth-grade class of 2011-2012 and beyond
Discipline Area Standard Units of Credit
Required (Current)
Verified Credits
Required
English 4 2
Mathematics 1 3 1
Laboratory Science 2,6 3 1
History and Social Sciences 3, 6 3 1
Health and Physical Education 2
Foreign Language, Fine Arts or Career and Technical Education7 2 (1)
Economics and Personal Finance 1
Electives 4 4 (6)
Student Selected Test 5 1
Total 22 6
September 29, 2010September 29, 2010
Discipline Area Standard Units of Credit Required
Verified Credits
Required
English 4 2
Mathematics 1 3 1
Laboratory Science 2,5 3 1
History and Social Sciences 3, 5 3 1
Health and Physical Education 2
Fine Arts or Foreign Language 1
Economics and Personal Finance 1
Career and Technical Education 4 4
Electives 1
Student Selected 6 1
Total 22 6
Standard Technical DiplomaStandard Technical Diploma Beginning with the ninth-grade class of 2011-2012 and beyond Beginning with the ninth-grade class of 2011-2012 and beyond
September 29, 2010September 29, 2010
Advanced Studies DiplomaAdvanced Studies Diploma Beginning with the ninth-grade class of 2011-2012 and beyond Beginning with the ninth-grade class of 2011-2012 and beyond
Discipline Area Standard Units of Credit Required (Current)
Verified Credits Required
English 4 2
Mathematics 1 4 2
Laboratory Science 2 4 2
History and Social Sciences 3 4 2
Foreign Language 4 3
Health and Physical Education 2
Fine Arts or Career and Technical Education
1
Economics and Personal Finance 1
Electives 3 (2)
Student Selected Test 5 1
Total 26 (24) 9
September 29, 2010September 29, 2010
Advanced Technical DiplomaAdvanced Technical Diploma Beginning with the ninth-grade class of 2011-2012 and beyondBeginning with the ninth-grade class of 2011-2012 and beyond
Discipline Area Standard Units of Credit
Required
Verified Credits
Required
English 4 2
Mathematics1 4 2
Laboratory Science 2 4 2
History and Social Sciences 3 4 2
Foreign Language 4 3
Health and Physical Education 2
Economics and Personal Finance 1
Fine Arts or Career and Technical Education
1
Career and Technical Education 5 3
Student Selected Test6 1
Total 26 9
September 29, 2010September 29, 2010
Development of Economics and Development of Economics and Personal Finance SOLPersonal Finance SOL
Followed the process approved by the Board of Education for the Followed the process approved by the Board of Education for the development of all Standards of Learningdevelopment of all Standards of Learning
Convened a team of educators, economics and finance experts, and Convened a team of educators, economics and finance experts, and other stakeholdersother stakeholders
Reviewed existing guidelines and objectives, as well as other literature Reviewed existing guidelines and objectives, as well as other literature on the topicon the topic
Used aspects of existing Standards of Learning and CTE Used aspects of existing Standards of Learning and CTE competencies to develop comprehensive standards based on competencies to develop comprehensive standards based on concepts introduced in history and social science, finance, and concepts introduced in history and social science, finance, and accountingaccounting
September 29, 2010September 29, 2010
Timeline for Review of Economics and Timeline for Review of Economics and Personal Finance SOLPersonal Finance SOL
June 25, 2009 —Board of Education accepted for first review the June 25, 2009 —Board of Education accepted for first review the proposed Economics and Personal Finance Standards of Learningproposed Economics and Personal Finance Standards of Learning
Public Hearings were held on September 15 in Richmond and on Public Hearings were held on September 15 in Richmond and on September 22 in Pulaski and Fairfax.September 22 in Pulaski and Fairfax.
Public comments were received electronically and submitted to the Public comments were received electronically and submitted to the Board for review.Board for review.
Final review was presented to the Board in November (three months Final review was presented to the Board in November (three months ahead of schedule) and was accepted with great praise and ahead of schedule) and was accepted with great praise and accolades. accolades.
September 29, 2010September 29, 2010
AND THEN. . . .
Because of the potential economic impact on school divisions, the SOA requirements were delayed by the General Assembly for implementation until 2011-2012.
September 29, 2010September 29, 2010
Economics and Personal Finance Course Economics and Personal Finance Course OfferingsOfferings
A course to satisfy the economics and personal finance A course to satisfy the economics and personal finance requirement could be housed in a number of departments, requirement could be housed in a number of departments, including:including:
– History and Social ScienceHistory and Social Science– MathematicsMathematics– Career and Technical EducationCareer and Technical Education
Possible course options to satisfy the requirement:Possible course options to satisfy the requirement:– Economics and Personal Finance (6120), 36 weeks (formerly named Economics and Personal Finance (6120), 36 weeks (formerly named
FinanceFinance) — currently available) — currently available– An Economics and Personal Finance framework has been developed An Economics and Personal Finance framework has been developed
by History and Social Science for 6120by History and Social Science for 6120– Semester options:Semester options:
Finance 6121, 18 weeks — availableFinance 6121, 18 weeks — available Economics 2800, 18 weeks — available with expanded endorsementsEconomics 2800, 18 weeks — available with expanded endorsements
– Other courses that are aligned with the Economics and Personal Other courses that are aligned with the Economics and Personal Finance Standards of LearningFinance Standards of Learning
September 29, 2010September 29, 2010
Licensure to Teach Economics and Licensure to Teach Economics and Personal FinancePersonal Finance
Endorsements to teach a course in Economics Endorsements to teach a course in Economics and Personal Finance:and Personal Finance:
– Agricultural EducationAgricultural Education– Business and Information TechnologyBusiness and Information Technology– Family and Consumer Sciences Family and Consumer Sciences – History and Social ScienceHistory and Social Science– Marketing Marketing – MathematicsMathematics
September 29, 2010September 29, 2010
Professional Development for Professional Development for Economics and Personal FinanceEconomics and Personal Finance
The VDOE has been collaborating with the Virginia Council on The VDOE has been collaborating with the Virginia Council on Economic Education (VCEE) and others to support teachers in Economic Education (VCEE) and others to support teachers in preparation for the new requirement by providing professional preparation for the new requirement by providing professional development opportunitiesdevelopment opportunities
– Spring/summer/fall 2010 workshops have been conducted through Spring/summer/fall 2010 workshops have been conducted through collaborative effort with VCEEcollaborative effort with VCEE
– Collaborative effort with Financial Services Planning Group, VCEE, VDOE, Collaborative effort with Financial Services Planning Group, VCEE, VDOE, and others for resources update and postingand others for resources update and posting
– Summer 2010—Insurance Education Institute through VBEA, additional Summer 2010—Insurance Education Institute through VBEA, additional workshops and training available through VCEE and summer conferencesworkshops and training available through VCEE and summer conferences
– VACU League Train the Trainers throughout VirginiaVACU League Train the Trainers throughout Virginia– August 2-3, 5-6—VCEE Economics Education Part A in conjunction with August 2-3, 5-6—VCEE Economics Education Part A in conjunction with
VBEA conference in Roanoke; other sessions scheduled.VBEA conference in Roanoke; other sessions scheduled.– Financial Literacy Summit—October 12Financial Literacy Summit—October 12
Professional development will include quality teaching materials and Professional development will include quality teaching materials and lesson plans for teachers.lesson plans for teachers.
September 29, 2010September 29, 2010
Newly Released ResourcesNewly Released Resources
NBC LearnNBC Learn EverFiEverFi
FilmIdeas Streaming VideosFilmIdeas Streaming Videos FoolproofFoolproof
Infusionomics—Powell CenterInfusionomics—Powell Center University of Richmond offering customized course, Content and University of Richmond offering customized course, Content and
Teaching Strategies for High School Economics InstructionTeaching Strategies for High School Economics Instruction
Custom TextbooksCustom Textbooks
Textbooks aligned to Economics and Personal Finance SOLTextbooks aligned to Economics and Personal Finance SOL
September 29, 2010September 29, 2010
Where are we now?
Framework for BUS6120 in place Framework for History and Social Science 2800 completed Insurance Institute (Hybrid) being replicated across US Working with online opportunities for course delivery W$SE Financial Literacy Testing —2,454 tested in 2009-2010
school year; 2119 passed; 75 teachers certified National Financial Capability Challenge results Co-operatively planning training Web site update to make information more prominent Financial Literacy Workgroup appointed by Dr. Wright OVAE College Access and Success grant application Resources Website Update
September 29, 2010September 29, 2010
Revision of BUS 6120 to include financial component of college access and success
Video vignettes aligned with EPF SOL Continuous instruction and resource gathering Extending partnerships with B & I Extending financial literacy instruction to middle and
elementary school levels Incentives for industry certification participation in
financial literacy
What is planned for the future?
September 29, 2010September 29, 2010
What are local divisions doing?
Implementing BUS6120 or alternatives Collecting and sharing resources for Web site and
classrooms Attending/sponsoring conferences and training –
VCEE will come to you!! Following legislative actions and talking with their
representatives Signing up for Business and IT listserv for initiative
updates and training
September 29, 2010September 29, 2010
What can YOU do now?
Follow legislative actions and talk with your representatives
Contribute to resources listing Sponsor/Support W!SE testing Attend teacher training Sign up for Business and IT listserv for
initiative and training updates and opportunities
September 29, 2010September 29, 2010
Sign up or offer suggestions for Speaker’s Bureau
Seek/Sponsor scholarships for students majoring in Finance in college
Sponsor/support events at CTSO competitions, such as Personal Finance
ETC., ETC., ETC.
OR. . . . .
September 29, 2010September 29, 2010
For More InformationFor More Information
Judith SamsJudith SamsBusiness and Information Technology Business and Information Technology
SpecialistSpecialist804-371-0196804-371-0196
Judith.Sams@doe.virginia.govJudith.Sams@doe.virginia.gov
Dr. Linda WallingerDr. Linda WallingerAssistant Superintendent for InstructionAssistant Superintendent for Instruction
804-225-2034804-225-2034Linda.Wallinger@doe.virginia.govLinda.Wallinger@doe.virginia.gov
Dr. Linda WallingerDr. Linda WallingerAssistant Superintendent for InstructionAssistant Superintendent for Instruction
804-225-2034804-225-2034Linda.Wallinger@doe.virginia.govLinda.Wallinger@doe.virginia.gov
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