MONROE - A group of Monroe High School Business students recently participated in the 2011 National Financial Capability Challenge.
The Challenge, which includes a 40-question online exam for high school students, helps teach young Americans about the important skills critical to securing a strong financial future, including saving, budgeting, and investing. Among those students who took the Challenge, six Monroe High School students were recognized as being ranked in the top ten percent nationwide: Austin Burandt, Sofia Larraga, Jeremy Line, Mitchell Marty, Sean Nack, and James White.
Marty, White and Nack were recognized as the top-scoring students from Monroe High School, and Nack received additional recognition as he was one of 563 students nationally and one of only 44 in Wisconsin who earned a perfect score on the Challenge.
During the 2010-2011 school year, more than 84,000 high school students from across the country participated in the Challenge which is sponsored by the U.S. Department of Education and the U.S. Department of Treasury. The National average on the Challenge is a score of 69 percent, and the state average is 73 percent. Monroe High School students taking the Challenge scored an average of 88 percent.
Additionally, the Charles Schwab Foundation will soon name 20 students, chosen from among the Challenge participants, who will receive $1,000 scholarships. Schwab will also donate $1,000 to the school of each scholarship recipient. Students who scored in the top 20 percent nationally and are from one of the ten states with the highest participation rates in the Challenge are eligible for these scholarships.
"The National Financial Capability Challenge is an excellent tool for the nation to measure its youth's financial literacy," Monroe High School Business Instructor Sherri Hendrickson said. "Financial and basic economic education is critical for all students, and the Challenge allows us to measure what we're doing with the rest of the country." The School District of Monroe has a financial literacy requirement for graduation. Students can meet that requirement by successfully completing one of three classes: Personal Finance in the Business department, On Your Own in the Family and Consumer Education department, or Economics in the Social Studies department.
"Integrating personal finance topics and concepts into the district curriculum K-12 has been a focus beginning with 2010-2011 school year and will continue in years to come," Director of Curriculum and Instruction Cory Hirsbrunner said. "The School District of Monroe understands the importance of financial literacy and knows our students must be prepared to be financially successful in a global economy."
For more information about the Challenge, visit www.challenge.treas.gov.
The Challenge, which includes a 40-question online exam for high school students, helps teach young Americans about the important skills critical to securing a strong financial future, including saving, budgeting, and investing. Among those students who took the Challenge, six Monroe High School students were recognized as being ranked in the top ten percent nationwide: Austin Burandt, Sofia Larraga, Jeremy Line, Mitchell Marty, Sean Nack, and James White.
Marty, White and Nack were recognized as the top-scoring students from Monroe High School, and Nack received additional recognition as he was one of 563 students nationally and one of only 44 in Wisconsin who earned a perfect score on the Challenge.
During the 2010-2011 school year, more than 84,000 high school students from across the country participated in the Challenge which is sponsored by the U.S. Department of Education and the U.S. Department of Treasury. The National average on the Challenge is a score of 69 percent, and the state average is 73 percent. Monroe High School students taking the Challenge scored an average of 88 percent.
Additionally, the Charles Schwab Foundation will soon name 20 students, chosen from among the Challenge participants, who will receive $1,000 scholarships. Schwab will also donate $1,000 to the school of each scholarship recipient. Students who scored in the top 20 percent nationally and are from one of the ten states with the highest participation rates in the Challenge are eligible for these scholarships.
"The National Financial Capability Challenge is an excellent tool for the nation to measure its youth's financial literacy," Monroe High School Business Instructor Sherri Hendrickson said. "Financial and basic economic education is critical for all students, and the Challenge allows us to measure what we're doing with the rest of the country." The School District of Monroe has a financial literacy requirement for graduation. Students can meet that requirement by successfully completing one of three classes: Personal Finance in the Business department, On Your Own in the Family and Consumer Education department, or Economics in the Social Studies department.
"Integrating personal finance topics and concepts into the district curriculum K-12 has been a focus beginning with 2010-2011 school year and will continue in years to come," Director of Curriculum and Instruction Cory Hirsbrunner said. "The School District of Monroe understands the importance of financial literacy and knows our students must be prepared to be financially successful in a global economy."
For more information about the Challenge, visit www.challenge.treas.gov.
