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CFEI Requirements

CFEI Requirements 2018-10-16T13:28:10-07:00

CFEI Requirements

Thank you for your interest in the NFEC’s Certified Financial Education Instructor program. This page will provide you details on the qualification and requirements you must adhere by to become or maintain your Certified Financial Education Instructor designation.

Graduates are registered as Certified Financial Education Instructors and a graduation certificate is mailed to those that successfully complete the testing and training. Upon completion, financial educators may officially identify themselves as Certified Financial Education Instructors, are accepted in the Personal Finance Speakers Association and have the opportunity to conduct financial literacy presentations.


Prerequisite Requirements

The NFEC considers all applicants for the Certified Financial Education Instructor program. Those that have a passion for promoting financial wellness are accepted. Completion of the CFEI training program is the only requirement to achieving the Certified Financial Education Instructor designation. A background in education or finance is helpful but not a prerequisite.


CFEI Education Requirements

All hopeful Certified Financial Education Instructors are required to complete the coursework included in the CFEI training package. The initial Certification requires you complete:

1) Completion of Continuing Education Units (CEU’s) for a total of 40 Professional Development Hours (PDH) broken down into these 2 areas:

Methods of Teaching: Teaching Techniques, Pedagogy & Best Practice. This portion of the training is composed of 6 Lessons and 72 Sections and graduates earn 2.5 Continuing Education Units (CEU) / 25 Professional Development Hours (PDH).

Content Knowledge: Graduates must display competency in personal finance topics.  Students may test out of the course or complete all the lessons and earn 1.5 Continuing Education Units (CEU) / 15 Professional Development Hours (PDH).

*Prior to October 15th 2018 graduates completed an online or in person course that is comprised of 30 hours of lecture or video. Those that lack financial expertise are also required to complete an additional 10 hour course included in the CFEI training package.

2) Complete course workbook and best practices manual.

3) Complete the activities required as part of the course.

4) Participate in annual training and testing to maintain your Certification. This requirement starts 1 year after your registration and you must complete your annual testing and training within 4 months of your annual anniversaries.

 

CFEI Testing Requirements

To be a Certified Financial Education Instructor, candidates must pass the testing requirements. These requirements include:

1) A score of 75% or higher on the initial CFEI exam.

2) A score of 75% or higher on annual testing requirements.

The CFEI testing is a closed book test delivered online. You will receive your results immediately after hitting submit. If you do not see your results contact us and we will let you know your score.  Upon seeing your score of 75% or higher you may immediately use the title Certified Financial Education Instructor and begin teaching money management classes with this title.

 

Continuing Education Requirements

Annual re-certification is required to maintain your Certified Financial Education Instructor designation.

The aforementioned testing covers your first year education requirements. Starting 1 year after your registration additional education and testing is required to maintain your Certified status. This includes:

1) 5 to 10 hours of continuing education is provided by the NFEC and your completion is required within 4 months of the anniversary of your registration.

2) Additional testing is required to maintain your Certified status. CFEI graduates must complete the additional testing within 4 months of the anniversary of your registration.   This is a closed book test delivered online. You will receive your results immediately after hitting submit. If you do not see your results contact us and we will let you know your score.

 

Good Standing Requirements

Certified Financial Education Instructors and members of the Personal Finance Speakers Association must adhere to our code of ethics:

1) Be prepared for all events, talks, workshops, etc and maintain the highest professional standard which includes: being on time, knowing the material, and educating the attendees.

2) Certified educators are prohibited from giving specific investment or tax advice unless you have the professional certification that allows you to do so.

3) Ensure all information you are providing is accurate and delivered effectively.

4) Maintain the highest ethical and educational standards.

5) Graduates may not have been convicted of a sex offense or other crime that the NFEC deems inappropriate.


Disciplinary Process

The disciplinary process is tiered based on the incident.  The NFEC will review all incidents reported and take appropriate action.  The actions taken include but are not limited to:

  • Removal of Certification and speakers bureau ban.
  • Retraining and retesting to ensure you meet Certification quality guidelines.
  • Other appropriate discipline.
  • Removal of license to use NFEC financial literacy curriculum, events, promotions and all forms material and services.
  • Report page for CFEI Instructors.

The Certified Financial Education Instructors and members of the Personal Finance Speakers Association have the ability to appeal this decision.

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One Comment

  1. Keith H. Burgess May 7, 2015 at 4:07 PM

    Looking forward to participating with the program. Thank you for the opportunity,

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