Financial Education Corps (FEC)
The Service-Learning and Community Engagement Program at Montclair State University has partnered with Capital One Bank to develop a standards-based financial literacy education program aimed at specifically addressing the unique needs of middle school students. Since September of 2011, service teams of up to four Bonner Leader AmeriCorps members have organized to serve in sixth and seventh grade classrooms throughout the local Orange School District. Sponsored by Capital One Bank and in partnership with Junior Achievement, the FEC- Financial Education Corps- is bringing financial literacy education to low-income, middle school students in Orange.
The FEC offers a unique forum for college students and middle-school students to connect and talk about topics related to personal financial literacy. One of the key features of the FEC program is the Junior Achievement Economics for Success middle-school curriculum. Economics for Success provides the resources for sixth- and seventh-graders to learn about important topics related to money management such as budgeting, credit, debt, interest, and insurance. Through their unique presentation, FEC members interpret the curriculum through their own knowledge and experience.
Our team approach offers students the opportunity to ask questions and have important conversations about planning for college and planning for the future. Using a board game - "Choose Your Success" - students learn that a college education requires planning and sacrifice, and that it is directly connected to financial planning. Through other similar hands-on activities, students quickly discover that career choice and life style are directly connected, and that while planning is important, life can often throw some unexpected curve balls.
Since the Fall 2012, close to 600 middle schoolers have participated in the FEC program.
Service-Learning and Community Engagement's FEC program was recently featured in the univeristy's Spring 2013 Montclair Magazine!