As more states require high-school-level personal finance classes, the live-streaming education provider has announced new course offerings to satisfy those mandates.
CHICAGO, Oct. 18, 2022 /PRNewswire-PRWeb/ -- Elevate K-12, the Chicago-based live-streaming education company, has announced the launch of personal finance live-streaming classes. As the number of states mandating financial literacy education in high schools increases, Elevate K-12's new offering aims to provide accessible courses for students nationwide.
"It is exciting to see that 14 states have mandated personal finance high school courses," said Shaily Baranwal, CEO of Elevate K-12. "The consequences of poor financial knowledge are long-lasting, especially in low-income populations and students. The rising debt levels in these states highlight the urgency of this curriculum, and we are excited that states are taking this crucial step to educate students about personal finances."
According to a 2016 study by Standard and Poor's, only 57% of adults in the United States are financially literate, meaning they understand three out of four fundamental concepts for financial decision-making. 88% of adults surveyed by the National Endowment for Financial Education support requiring personal finance education in high school. However, a lack of qualified teachers in each school district keeps this demand from being met.
Elevate K-12's mission is to solve the nation's teacher shortage by providing high-quality education streaming to schools, irrespective of location. The result, showcased by the rapidly growing number of districts that have partnered with Elevate K-12, is unprecedented equity in education.
"It is challenging to find qualified teachers in each zip code to teach finance courses," said Baranwal. "In our commitment to elevating students' lives nationwide, we are excited to offer these classes to our school districts."
According to Money Rates, people in states with personal finance coursework requirements have less credit card debt than people in states without those requirements. With demonstrable results, many states are introducing legislation to mandate financial literacy classes and prepare students for a successful future.
As a result of this legislation, nearly 25% of students will take a personal finance course before graduating this year, up from 16.4% in 2018. This trend suggests that these course offerings will only become more prevalent in district schools, and demand for Elevate K-12's services will rise.
Elevate K-12's financial literacy courses include instruction on practical topics, including budgeting, borrowing and interest, how credit scores work, retirement savings, bank fees, tax-filing, investment basics and avoiding scams.
"We truly believe in the value of these courses in creating long-term, positive student outcomes," said Baranwal. "We expect to see similar legislation in other states moving forward, and we are prepared to meet that demand as it arises."
Learn more about Elevate K-12 and its course offerings at ElevateK12.com.
About Elevate K-12
Elevate K-12 is a Chicago-based instructional services company that brings high-quality live-streamed instruction into K-12 classrooms. Schools and districts partner with Elevate K-12's unique instructional solution to solve their teacher shortage challenges and overuse of long-term substitutes or low-quality teachers. Its tech-enabled service comprises Proprietary Live Instructional Management Technology, Live Instruction Service, Curriculum and Classroom Management to provide the necessary tools for collaborative teaching and learning that emulates the experience of a real, physical classroom. Elevate K-12 currently operates in 27 states and is rapidly expanding to new states across the U.S. in K-12 schools. For more information, visit http://www.elevatek12.com and follow us on Facebook, Twitter, and LinkedIn.
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SOURCE Elevate K-12
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