Mapping Your Financial Journey: Helping Adults Plan for College
Mapping Your Financial Journey: Helping Adults Plan for College booklet, co-developed by the NCTN and National Endowment for Financial Education (NEFE), provides financial planning information and skill-building exercises for adults planning to go to college. The NCTN staff designed an evaluation for NEFE to assess the change in financial planning and financial aid knowledge and confidence to secure financing for 49 students from five different adult education programs from across the US. The NCTN designed learning activities to familiarize students to the booklet, trained participating teachers on the activity and data collection process, created pre and post learning activity survey instruments, and analyzed the data. Results indicated an overall improvement in the average confidence score by 18% and a 10.8% average improvement in financial knowledge score of the participants after the learning activities. Encouraged by these results, a longer study designed to measure knowledge and behavioral change will be implemented in 2011 by NEFE and the NCTN.