Press Releases


For Immediate Release
July 11, 2008 Contact: Charles Evenson
608-266-2026

Educators to Gain Investing, Financial as Grounding to Improve Students’ Financial Literacy

DFI Continues Leadership Role with National Institute

(Madison) A group of nearly 50 educators will learn how to teach their students about wealth building and creating a financial safety net at the second session of the 2008 National Institute of Financial and Economic Literacy (NIFEL). The graduate-level program called Investor Education, Economics and Insurance runs July 14-18 on the campus of Edgewood College in Madison. DFI, through its Office of Financial Literacy, is taking the lead role in conducting all three 2008 NIFEL sessions as it has done in the past.

Attendees will spend the week learning how to teach their students about investing, financial plans, insurance and even “how to really be a millionaire.” They will also gain valuable information to help them better manage their own money and personal finances. The session includes a field trip to Robert W. Baird and Northwestern Mutual Financial Network in Milwaukee. The program’s academic advisor is Dr. Mark Schug, professor emeritus at the University of Wisconsin-Milwaukee.

The Wisconsin Jump$tart Coalition (WJC) created the NIFEL in 2001 in response to the fact that most educators lack the skills, knowledge and training to teach personal finance—a topic that surveys show students desperately need. The NIFEL has been designated “a recognized best practice for teacher training” by the Financial Literacy and Education Commission of the U.S. Department of the Treasury.

“I am delighted that DFI plays a major role with the Institute,” said DFI Secretary Lorrie Keating Heinemann who is also chair of the Governor’s Council on Financial Literacy—created by Governor Doyle to advise him on how to improve financial literacy in Wisconsin. “These courses provide excellent return for the resources expended. Most attendees will teach classes about personal finance for many years. Wisconsin students are the ultimate benefactors.”

Other major sponsors include Northwestern Mutual Financial Network, Edgewood College, Wisconsin Jump$tart and DFI. Additional sponsors include the Community Bankers of Wisconsin, Federal Reserve Bank of Chicago, Wisconsin Credit Union League, EconomicsWisconsin, Insurance Education Foundation, Wisconsin Bankers Association and the Department of Public Instruction.

For more information about the NIFEL contact David Mancl at 608-261-9540 or email him at david.mancl@dfi.state.wi.us.