The online financial literacy programs presented through the eVolve system offer multiple features that make them stand out from the average, including:
- Robust Learning Management System (LMS) to organize participant progress and gather important metrics
- Engaging, interactive user experience
- Practical activities that lead participants toward molding and modifying their financial behaviors
- Adaptive learning pathing that adjusts to the participants’ unique needs
- Learner-centered, state-of-the-art instructional methodologies
- Multimedia, simulations, and interactive learning facets
- Fully-integrated testing features to measure changes in knowledge and behavior
- Gamification aspects that can be exported to other platforms such as Credly or Mozilla OpenBadges
- High levels of user accessibility according to CAG 2.0 standards
The eVolve system offers adjustable ways to pace and deliver this personal finance class online programming, resulting in maximum flexibility for students and instructors. Options are outlined below:
Options for Pacing
- Time-driven. The lessons can be released on a timeline, according to your selected schedule.
- Progress-driven. Set features that prohibit participants from progressing to the next lesson until they’ve completed the current one.
- Adaptive. If students don’t pass a test on a given topic, they can be diverted to review modules that present the information differently.
- Self-study. Participants can study on their own, with accountability and reporting features built in to ensure that they complete the lessons.
- Instructor-guided. Presentations, instructor and student guides, and other resources support in-person trainings.
- Blended/flipped. Blend online learning with live instruction for optimal flexibility.
The National Financial Educators Council developed professional teaching standards for financial educators that serve as the basis for instructor preparation and assessment. These financial education instructor standards provide a benchmark that describe the skills-sets, traits and knowledge an educator should possess.
The NFEC’s virtual learning centers combine multimedia and interactive features with practical money management lessons that meet educational standards. Designed to serve both organizations and individuals, these online programs are available for all those who seek to improve their financial capabilities.
SavingsFund provides families a platform to save for their kids’ college, retirement, or overall financial security. This program delivers important financial education lessons for kids and teens while they build their savings funds.
The Real Money Experience Simulation was developed through collaboration between the NFEC and Penn State Erie. The simulator combines game- and project-based learning to help youth become prepared for the real world.
The Money XLive online learning center features exclusive celebrity videos, testing, quick notes, guides, and interactive tools. Money XLive connects powerfully with today’s teens and young adults.
This comprehensive learning center helps adults who seek to build a financial foundation or recover from past mistakes.
Developed through collaboration with LearnCast, this personal finance phone app makes getting a practical financial education easy.
Tool to Teach Financial Literacy Online Offers Unique Components
Flexibility, interactivity, and superb quality – these are just three of the features defining Evolve, a revolutionary new tool that allows educators to teach financial literacy online. This robust eLearning platform was designed by the National Financial Educators Council (NFEC), with the expert guidance of a Curriculum Advisory Board comprising educators, financial professionals, and eLearning specialists.
Founded in evidence-based best practices for online learning, Evolve has a flexible format that allows financial education lessons to be custom-tailored to meet a wide range of scheduling demands and learner outcomes. For example, organizations have customized the modular lessons to conduct workshops, after-school events, weekend seminars, lunch-and-learn brown bag sessions, camps, for-credit college classes, and more.
Following are just a few of the unique benefits Evolve online personal finance program offers to both students and educators:
- Learner-centered instructional methods that leverage state-of-the-art teaching strategies and high-quality content
- Adaptive learning that gives each student a personalized experience
- Micro-eLearning broken into manageable, easily retained topics
- Interactive content using video and simulation techniques
- Gamification of lessons using points, badges, and bonuses
- Peer interaction forum where students can ask questions or share knowledge
- Learning Management System that allows educators to manage classes from a central dashboard
- Rich testing tools to track participant progress and gauge retention
- Automatic testing and grading rubric with real-time results
- Group management and communication platform to easily break students into groups and provide feedback
- Tin Can API allows learning content and systems to communicate consistently about activities gathered from multiple technologies
This technologically advanced online personal finance course gives students a true blended learning experience, while offering educators the freedom to manage instructional time and programming according to their own and their participants’ needs. Evolve’s flexible platform accommodates both synchronous and asynchronous learning, while providing learners with many options to maximize learning assimilation to allow practical implementation of activities in the real world.
Sustainable Programs Promote Financial Literacy Online and in Communities
Hundreds of financial literacy programs are presented every month across the U.S., about most of which no one ever hears. Typical financial education fails to take advantage of what the National Financial Educators Council has identified as the optimal strategy: the “campaign approach.” The NFEC promotes financial literacy online and via community-based workshops and events. This social enterprise organization takes the campaign approach to all these efforts.
The campaign approach comprises three vital components:
- Education. Programs must impart practical skills that create long-term positive change in people’s money habits.
- Awareness. The efforts must reach the largest possible audience and continually remind people to consider their personal finances.
- Sustainability. Successful programs will be those that get results and obtain support over the long-term.
When we evaluate free financial literacy programs according to the campaign approach, the NFEC initiatives clearly stand out from the crowd. Most programs are boring, which means few people attend and those who do are turned off from the learning process. In addition, the average program may not understand its target audience and often fails to build brand image recognition in the community. To really promote education, financial literacy programs like the NFEC’s use fun, engaging, and motivating activities that appeal to audiences and inspire them to action.
What is financial literacy to you? The NFEC invites comments and input from a wide audience, in order to ensure that its materials and financial educations systems have the broadest reach and applicability. Using the campaign approach to creating financial literacy education for all ages and tailoring materials to meet the needs of a specific demographic helps ensure maximum impact. These tactics also attract media attention and community goodwill, which in turn encourages backing from sponsors and funding agencies to build sustainable programs for the future.