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WHO BENEFITS FROM ECP
In addition to linking authors and providers of financial education, ECP aims to create a network of individuals and community organizations who share a vested interest in the movement to make financial literacy a priority for all youth in America. ECP's Board, staff, volunteers and supporters continuously identify new opportunities for collaboration in order to enhance the impact of this growing community network dedicated to promoting financial literacy.
The benefits of ECP go well beyond the classroom by:
Facilitating dialogue between the education and business communities - at the high school and university levels as well as in the professional world.
Providing volunteer opportunities for undergraduate and graduate students to enhance their leadership abilities, communication skills, and in-depth knowledge of consumer financial education in a practical context.
Increasing the potential for communication between ECP participants and their parents and expanding their awareness of consumer finance. Encouraging parents of ECP participants to make more informed decisions and take ownership of their finances.
Invoking a familiarity with the financial challenges facing low- and moderate-income communities among business school students, many of whom are approaching professions in the private financial or business sector.
"Learning to use our financial system successfully, from the first transactions to saving, credit and building wealth and owning assets, is critical to the economic growth of individuals, families, and communities. By using the energy and enthusiasm of college and graduate students to educate high school students, the Educated Consumer Project brings this learning to both groups of students. Whether students or teachers, those who participate in ECP will not only be more educated consumers, avoiding financial pitfalls, they will also be on their way to being full participants in the ownership society and contributors to community and national economic growth."
Ellen Seidman
Executive Vice President
National Policy and Partnership Development, ShoreBank Corporation |
"What attracted me to ECP was one simple fact: that although there
are lots of organizations out there developing really good financial
literacy content, there aren't a lot of organizations out there that
actually bring this content to schools in low-income communities and
present it in a compelling manner through a team of highly motivated
college-level volunteer teachers. That's what ECP is all about. And I
like the idea of bringing some of my finance industry colleagues and
MBA classmates with me to help fill this huge gap."
Joseph Firschein
Director, Community Lending
Fannie Mae
ECP Board Member |
"The work that I have done with RESULTS has shown me that empowerment for low-income populations in the United States comes through education. The Educated Consumer Project aims to put the necessary tools into the hands of teenagers to help them make smart decisions about how to spend their money.
Financial education programs are lacking in DC schools, and ECP aims to fill that need through its innovative approach to teaching these skills. By working with students directly, ECP will engage community members to enhance economic opportunities."
Sam Daley-Harris
President
RESULTS, Inc.
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"ECP starts with the opportunity for students to explore concepts of credit cards, debt management, and smart investing among other topics while most of them still have clean credit on their side. However, the layers of give and take have gone far beyond what was originally imagined for inside the classroom. ECP has built a foundation of sustainable partnerships that include: students and teachers, universities and high schools, the public, private, and non-profit sectors, and also parents and their children. As Program Director, I have seen the impact of ECP's work on many levels and am excited for the expansion of the program."
Anna Levy
ECP Program Director
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