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The Financial Literacy Progress & Efficacy Assessment (FLPEA) is a classroom-based research effort measuring the efficacy of financial literacy education. The assessment is aligned to the National Standards for Personal Financial Education.
Participation in this program is completely free and helps promote access to personal finance education for all U.S. high school students.
Participating teachers will receive a report on their students’ growth.
Since this assessment is also part of a research project, we ask that you only assess your students if you are eligible.
The requirements are:
You will be able to pick and choose which topics you would like to assess your students on:
With your participation in this study, you will receive detailed pre- and post-assessment data which you can use as a formal grade to measure growth and/or to inform your instruction. More than half the teachers from the pilot program indicated that the main reason they used the assessment was to have evidence of student growth. A teacher from the pilot program said:
“I was really excited that there would be real data to use for my evaluation this year. I also appreciate that I didn't have to compile it! My students were very interested in their pre-assessment results as well as their growth scores.”
Before administering the assessment, teachers will have to fill out a survey that takes about 10 minutes to complete. The pre and post assessments take about 45 minutes each for students to complete.
Need a reminder to administer the assessment? Sign up for an e-mail reminder here.
The assessments will contain:
Which is the best interest rate for a credit card? a. 3% b. 23% c. 43% d. 53% e. I don’t know
Note In order to access the assessment tool, you will need to be logged in to your NGPF Account.
Learn more about the assessment on our support page
We use Qualtrics to collect the majority of data, from the teacher survey to the student assessments. After we distribute an anonymous link, participants complete the survey answers. Each response is given a unique ID, then stored within Penn State’s systems.
What data is collected and why?
Teachers and Students:
Teachers:
Students:
NOTE: NO STUDENT NAME OR CONTACT INFORMATION IS COLLECTED. Each student is assigned a unique and anonymous ID code from their teacher, which Penn State does not have access to. This unique code is used by Penn State to conduct analysis, without access to contact information.
Software Used: Qualtrics: Used to generate assessments and receive input from participants. Qualtrics is a large and well-respected company with data privacy checks in place
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