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The Ohio Commission on Personal Finance Education (OCPFE) is comprised of over 100 volunteers from all over Ohio representing education, financial institutions, business, government, and ordinary citizens. The initial goal was to assist the Treasurer in the implementation of Am. Sub. S.B. 311, the Ohio Core legislation, which among other things requires personal finance education for those entering high school in 2010. The secondary – but increasingly important – goal is to assist the Treasurer in providing personal finance education for all Ohioans.
The Financial Literacy Implementation Committee (FLIC), a subcommittee of OCPFE, developed a comprehensive set of high school financial education recommendations addressing the questions of who, what, where, when, and how of implementing SB 311. After months of work, the FLIC report was presented and received by the State Board of Education’s Achievement Committee as part of an update of the efforts to develop options and strategies for schools to use as they plan to integrate the instruction of personal finance into their courses of study in response to SB 311. This report will help districts decide which teachers could best benefit from the Teachers Academy. Partnering with the Ohio Department of Education and the Ohio Council on Economic Education, Treasurer Cordray developed a Teachers Academy to make personal finance education affordable for Ohio’s districts as it focuses on “free” interactive, high-quality curriculum materials. It is designed to allow young people, Ohio’s most precious resource, to learn money management from trained, qualified, competent individuals with experience in education. We hope that prudent money management by Ohioans will lead to decreasing rates of foreclosure, lower personal debt and a reinvigorated economy.
The latest FLIC report, presented here, should be reviewed as a progress update only and not as a mandate for schools or as a fixed limit of the choices available to districts in how to best provide personal finance education for Ohio’s students.
View the report.
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