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Media Contact:
Karen Klugh
[email protected]
202-776-7308

Personal Finance Course Enhanced to Meet Teacher and Student Needs

 
WASHINGTON, September 18, 2012….Usage of the online personal finance course MoneySKILL® has increased each year, necessitating a technology upgrade. The course has experienced an uptick in homeschooling education, and is used by teachers, parents and community leaders from every state, the District of Columbia, and foreign countries to teach personal finance concepts to young adults. More than 95,000 students were enrolled in the course since the beginning of the 2011-2012 school year.
 
Launched in 2004 by the American Financial Services Association Education Foundation (AFSAEF), MoneySKILL is a free course that teaches money management fundamentals in the content areas of income, expenses, credit, saving and investing, and insurance. The course’s content is delivered online through a series of 36 modules with written text reinforced by audio narration. Teachers have access to an electronic grade book that records each student’s module test scores and course grade. 
 
To keep up with demand and accommodate future growth, MoneySKILL’s processing power more than quadrupled with the addition of new servers and other equipment. Bandwidth was increased to handle up to 600 percent of the current traffic levels generated by student activity. And the course is now fully compatible with all handheld devices and browsers.
 
New and updated content accompanied the technology upgrades, reflecting changes in federal laws, recent statistics, and relevant events in financial services. The course’s original author, Dr. Lewis Mandell, professor emeritus and former business dean, SUNY Buffalo, reviewed and revised the content. In addition to information on new laws such as the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Credit CARD Act, material was added related to student loans, identity theft, entrepreneurship and wills.
 
“Teachers who use MoneySKILL continually praise the course for being comprehensive and adaptable, and the upgrades reinforce these two qualities,” said Susie Irvine, AFSAEF’s president and CEO. “The course has been expanding at a rapid pace, and the increased technology capacity will carry MoneySKILL well into the future.”  
 
Based in Washington, D.C., AFSAEF’s (www.afsaef.org) mission is to help consumers realize the benefits of responsible money management, understand the credit process and seek help if credit problems occur. The foundation’s primary initiative is MoneySKILL (www.moneyskill.org), a free personal finance curriculum. It is affiliated with the American Financial Services Association (www.afsaonline.org), the national trade association for the consumer credit industry, protecting access to credit and consumer choice.
 
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