Financial Education at BCC
Efforts To Date
Eight one-credit college courses that cover cash flow management, finding money to invest, risk, real estate, employee benefits and investments. These courses will be customized to be delivered to the WorkFirst student population, the traditional college student, and can be customized for other groups such as the military. Over the next six months, these courses will be developed for in-class, a computer lab setting, online and hybrid delivery such that institutions that adopt them can start them at any time during the year and some learners may do some or all of the course in self-directed study. Our first WorkFirst class will start in January 2007.
Investor education for the workplace is a 90-minute training sessions for public and private sector employees that was tested successfully at Bellevue Community College. It was modeled after the IPT's Investor Education at the Library. This 90-minute session assists the learner in setting financial goals, making the trade-off between short-term expenditures and long-term financial goals, risk and return of investments, asset allocation, maximizing after-tax returns and monitoring investments.
Five-credit college class in investments is taught on campus and online. This course gives deeper education to trainers on investments and requires extensive writing and analysis of stocks, bonds, funds, international and other investments. Training will be provided online in the Spring quarter (March through June) 2007. Educators may take this course to be trained in how to use a hypothetical stock portfolio to teach their students about investments. Teachers in the K-12 system will receive clock hours and college credit for this training.
Financial aid session which will train students on saving and investing. Applying for financial aid is a key teaching moment for college students. Using the IPT Savings and Investing 2020 curriculum, students will be taught the trade-offs being made against long-term financial goals.
Financial education in the community will start with a series of two-hour sessions to be offered to groups who will benefit the most from financial education. Our first session on investor education will be held at the Unity Church of God and Christ on January 25. We will hold consecutive sessions monthly with personal money management and taxes to follow.
Instructor recruitment and training has started with instructors committed at Spokane Falls, Spokane and Tacoma Community College. Outreach to South Seattle, Peninsula, Everett and Lake Washington community colleges.
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