ICFE eNEWS #08-20 - October 22nd 2008
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America's High School Students Are Invited to Take the Challenge!

If you are involved in financial education and also know someone who is teaching in high schools, pass this on, please to anyone and everyone who may be interested. Thanks in advance from the ICFE - PR

America's High School Students Are Invited to Take the Challenge!

Beginning on Monday, November 3, 2008, high school teachers can have their classes participate in the fall 2008 National Financial Literacy Challenge. The Challenge is a voluntary, 35-question test that students can take to earn recognition for their financial knowledge. It will be offered online until November 26, 2008.

Student recognition

Students scoring in the top 25th percentile of the nation's scores will earn a certificate of recognition from the U.S. Department of the Treasury. Students scoring exceptionally well will win a 2008 National Financial Literacy Challenge Award, a medal. Receiving recognition in this national competition is prestigious and worthy of listing on a student's resume or college application.

Students taking any subject can compete

Although the Challenge is designed for students who have been exposed to financial education, there are no prerequisites required - any high school student at least 13 years of age taking any subject may participate.


  1. The Challenge is not associated with any curriculum or program of study. New questions will be added to the fall version, and will once again be correlated to the 2007 national standards published by the Jump$tart Coalition for Personal Financial Literacy.
  2. Currently enrolled high school students who participated in the spring version of the Challenge may once again compete in the fall Challenge, with one exception: Previous medal winners will not be awarded a second 2008 National Financial Literacy Challenge Award, and are therefore ineligible to compete in the fall Challenge.
  3. For the fall, students will receive their scores electronically immediately after completing the Challenge. Winners will not be determined, however, until November 27, 2008.
  4. Teachers will receive a certificate if at least one of their students is a medalist.
  5. Teachers with more than three students will see the scores (without names) of all tests taken.
Register today

There is no fee to participate. If you are a high school teacher, simply register at FLC.treas.gov/teacher.

About the 2008 National Financial Literacy Challenge

An initiative recommended by the President's Advisory Council on Financial Literacy, the 2008 National Financial Literacy Challenge is a voluntary recognition program for U.S. high school students. The Challenge's 35 questions correlate to the 2007 content standards published by the Jump$tart Coalition for Personal Financial Literacy. The Challenge was developed by the U.S. Department of the Treasury in consultation with economists and The Jump$tart Coalition for Personal Financial Literacy, Junior Achievement USA, the National Council on Economic Education, and the National Endowment for Financial Education.

About the ICFE:

The Institute of Consumer Financial Education (ICFE) was founded in 1982 by the late Loren Dunton (creator of the Certified Financial Planner (CFP) designation).  The ICFE is dedicated to helping consumers of all ages to improve their spending, increase savings and use credit more wisely. 
The ICFE is an award winning, nonprofit, consumer education organization that has helped millions of people through its education programs and Resources. It publishes the Do-It-Yourself Credit File correction Guide, which is updated annually. The ICFE has distributed over one million Credit/Debit Card Warning Labels and Credit/Debit Card Sleeves world wide.

The ICFE became an official partner with the Department of Defense/Financial Readiness Campaign in June of 2004.The ICFE was an active partner in the California Student Debt Resource Awareness Project (CASDRAP) which resulted in a new web site: (studentdebthelp.org).  CASDRAP disbanded in 2010, shortly after the web site project was completed.  In 2011 the ICFE assumed the single sponsorship of the (studentdebthelp.org) web site and is now responsible for its content and operation.

The ICFE is also an on-line help for consumers who spend too much.  ICFE's spending help was featured in PARADE Magazine in the Intelligence Report section. The money helps and tips are from the ICFE's Money Instruction Book, our course in personal finance.

Visit the ICFE's other web sites at: www.financial-education-icfe.org and studentdebthelp.org.  Both sites helps consumers and students with mending spending, learning about the proper use of credit, budget and expense guidelines, how to set up and implement a spending-plan and also how to access financial education courses and how to teach children about money. Other ICFE services include: Ask Mr. G,  a free eNews, and an online resource center for students, parents and educators, plus financial education learning tools and a book store.

To Order Financial Education Books, DVDs, and Software:
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