Financial Literacy Education In Maryland. History of Financial Literacy Education in Maryland 2 Task Force to Study How to Improve Financial Literacy

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    25-Dec-2015

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  • Slide 1
  • Financial Literacy Education In Maryland
  • Slide 2
  • History of Financial Literacy Education in Maryland 2 Task Force to Study How to Improve Financial Literacy in Maryland January 2008 Established an Advisory Council to build a Program of Study and a Design Team to develop a State Curriculum June 2009 The State Board of Education Accepted the State Curriculum for Personal Financial Literacy January 2010 The State Board of Education Adopted Regulations requiring financial literacy education for all students at the elementary, middle and high school levels June 2010
  • Slide 3
  • Task Force to Study How to Improve Financial Literacy in Maryland 3 Task Force Recommendations Develop K-12 Personal Financial Literacy Standards Coordinate a Design Team to Create a Systemic Approach to Implementation by Providing Professional Development, Curriculum, & Resources Consider Regulations for a K-12 State Curriculum Require Reporting from 24 Local School Systems Develop a way to Evaluate Local Financial Literacy Programs
  • Slide 4
  • Advisory Council and Design Team 4 Advisory Council Established an advisory group to engage local representatives from education and financial communities to help guide MSDEs work Co-Chaired by Lynne Gilli and Sheldon Caplis Design Team Established a design team to develop the Maryland State Curriculum for Personal Financial Literacy Education Co-Chaired by Marquita Friday and Luke Rhine
  • Slide 5
  • State Board of Education 5 Code of Maryland Regulations (COMAR) The State Board accepted the Maryland Curriculum for Personal Financial Literacy Education The State Board adopted regulations requiring local school systems to provide all students with an instructional program in personal financial literacy at the elementary, middle, and high school grade levels Program certification occurred in September of 2011 and will occur every five years thereafter Updates are conducted annually and are reported to the State Board of Education and the State Legislature
  • Slide 6
  • The Maryland State Curriculum for Personal Financial Literacy 6 1.Make Informed, Financially Responsible Decisions 2.Relate Careers, Education and Income 3.Plan and Manage Money 4.Manage Credit and Debt 5.Create and Build Wealth 6.Manage Risks and Preserve Wealth Organized by Gradebands: 3-5, 6-8, 9-12
  • Slide 7
  • State and Local School System Annual Update 7 The Annual Update provides the following information: Background information Information on funding/grants Ongoing state and local needs Data collected through the Maryland Pre-Graduate Survey Descriptions of all programs at the elementary, middle and high school levels For more information please visit: http://msde.state.md.us/fle/
  • Slide 8
  • Professional Development 8 Professional Development is provided to teachers through face-to-face and online formats: Face-to-face training is conducted annually for new and returning elementary, middle and high school teachers Online training is provided through bi-annual webinars and an online video series
  • Slide 9
  • Additional School System Support 9 MSDE and the Maryland Higher Education Commission (MHEC) have partnered to: Improve career and academic advisory models at the school and school system levels Provide targeted professional development to teachers on financial literacy education Develop a series of lessons that support a culture of continuing education
  • Slide 10
  • Additional School System Support 10 MSDE and the Maryland Department of Disabilities (MDOD) have partnered to: Develop a series of lessons which discuss receiving from government programs and public assistance Record instructional videos for teachers to better understand the myths and facts about receiving from government programs
  • Slide 11
  • Future Projects 11 Race To The Top (RTTT) Project 4/3: Curriculum and Formative Assessment Development: Develop an online course in personal financial literacy education for high school students The course will become part of the Maryland Virtual Learning Opportunity
  • Slide 12
  • MSDE Financial Literacy Website 12 Information available through http://msde.state.md.us/fle/http://msde.state.md.us/fle/: General information Instructional resources for parents, students and teachers All publications including: The Maryland State Curriculum for Personal Financial Literacy Annual State and Local Financial Literacy Education Report Financial Literacy Flyer Maryland Classroom Article
  • Slide 13
  • Contacts Lynne Gilli Program Manager, Career and Technology Education lgilli@msde.state.md.us 410-767-0518 Marquita Friday Lead Specialist, Career & Technology Education mfriday@msde.state.md.us 410-767-0183 Luke Rhine Specialist, Career & Technology Education lrhine@msde.state.md.us 410-767-0177 13