Funding & Growing Financial Literacy Programming
With your program foundation in place and an initial course professionally executed with clear measures, now you are in position to fund and grow your program.
Creating sustainable financial education initiatives is the key to building scalable solutions to address the financial illiteracy epidemic that can continue to help people for years to come. Having clear revenue and funding strategies that support continued expansion is essential for you to grow your programming.
There is a clear path to increasing funding opportunities for your program. If you skip steps, you’re likely to experience less success and more rejection. But if you build a solid foundation, prove your program’s impact through detailed reporting, and build a positive reputation, you become better positioned to capitalize on funding opportunities and get recognized as a competent provider.
Foundation to Funding a Financial Education Program
Funding & Revenue Models
The US expends approximately $670 million a year toward financial education, the Consumer Financial Protection Bureau reports. Currently, the demand for such education is growing – in response to increased funding levels, need for regulatory compliance, pressure from social interest organizations, and competition between corporations and nonprofits with a stake in building financial literacy.
This increased demand opens up funding opportunities for financial education through a variety of channels. View the chart below to learn how organizations can gain funding for financial education efforts:
Just 2 Ways the NFEC can Help Increase Your Earnings
1) Resources that Increase Your Programs, Products, & Services
Most people working in the financial education space simply charge enrollment or speaking fees, which limits their opportunities and significantly reduces program impact.
The NFEC, on the other hand, focuses on helping add value to our clients and the people they serve. Our clients have the training and resources to charge for these services:
Those Serving Organizations
Consultation & Program Design
Learner Experience Resources
Measurement & Program Data Reports
Speaking & Hosting Fees
Per-student Materials Fees
Those Serving Individuals
Attendance & Materials Fees
Client Conversion Cycles
Ongoing Training Programs
Accountability Programs
Online Learning Center
2) Provide Important Elements to Help You Build a Professional Online Presence
Often, the first thing many people do after you talk with them or they hear about your program is look you up online. This fact makes it important to have an online presence that clearly shows your active involvement in promoting financial literacy and demonstrates that you are a credible provider of financial education programming.
As you expand your business, your online presence should increase to accommodate growth and attract more opportunities. However, initially you can build your online presence at no cost through professional social channels, the NFEC Feature webpage, and Third-party Recognition the NFEC provides you complimentary.
