financial education

financial education questions and answers

More information about financial education at Education News.

Q: What financial education/qualifications to I need to take the FINRA Series 7 and 63 exams?
I would like to get into financial dealings -specifically financial planning, tax planning, and college planning. Currently, I have no formal education in business or finance. I saw a job I could potentially put my eye on in a few years - but I would need a minimum of FINRA series 7 and 63 to be considered. I am in preliminary stages of research, can anyone "school" me? Thanks.

A: You would have to be sponsored by a firm to take the exams from my understanding. Since you would have to fill out the U4 or the U 10. You may or may not need a life insurance license depending on what products you offer. It is a very lucrative industry to get into, if you look at the baby boomer generation. I would say just start any where and get the experience to show for. Depending on the firm some look at whether or not you have a college education plus experience. I have been in the insurance industry for almost a year and I just recently applied for my tax certification and am working on my Series 6/63. The sweetest part is I got my feet wet and I haven't even gradauted college. By the time I do (couple of months) I may have a better resume then the others. Good luck! ps if you wnat more info email me.

Q: 10 POINTS: What exactly is "Financial Education"?
I am writing a paper about financial education, but I don't really know what the term exactly means. Can you generalize it for me? Also, what are the pros and cons of financial education as a high school graduation requirement? If you could help answer these two questions for me, that would be great. Thanks

A: My state's Department of Public Instruction provides a Model Curriculum for Personal Financial Literacy for high school graduates. It lists the following competencies and rationales: A. Relating Income and Education Students in will understand the relationship between education, income, career, and desired lifestyle and will develop the planning skills needed to achieve desired financial goals. Rationale: Establishing short-range and long-range financial goals is an essential part of financial literacy. This process begins while a person is in school and continues throughout life. A clear understanding of the interconnectedness of educational attainment, career choices, entrepreneurial attitudes, economic conditions, and desired lifestyle will help to shape goals and increase the likelihood of reaching them. B. Money Management Students in will manage money effectively by understanding and developing financial goals and budgets. Rationale: Money management is the basis of being financially responsible. Learning how to plan, develop, use, and maintain a personal budget is the first step in being able to make quality successful financial choices and decisions. The ability to apply positive money management skills, set financial goals, and understand effective cash flow strategies are the next steps that will allow students to be responsible consumers in our society. C. Credit and Debt Management Students in will make informed decisions about incurring debt and will manage indebtedness to remain both credit worthy and financially secure. Rationale: Most people incur debt and seek credit for major purchases such as a home, car, education and/or business. The ability to choose the most advantageous sources and forms for financing has long-term benefits. It is essential to make informed decisions when incurring debt, understand the true costs of credit, and develop skills for managing existing debt. D. Planning, Saving, and Investing Students in will understand the value, features, and planning processes associated with saving and investing, and be able to apply this knowledge to long-term financial security and wealth. Rationale: Financial institutions, investment options, avenues for financial research, the economic history and performance of investments, and appropriate application of basic economic principles are all essential features of planning, saving, and investing. Utilizing information from these and other sources will lead to wiser decisions for individual, family, and business financial planning. E. Becoming a Critical Consumer Students in will know and use available consumer resources and make responsible choices by applying economic principles in their consumer decisions. Rationale: The increasing scope of product and service choices makes it essential that citizens know their resources, rights, and responsibilities as consumers. This includes an understanding of the role of contextual factors in decision-making as well as the role of advertising, sales techniques, consumer laws, and consumer organizations. The ability to analyze opportunity costs, value, and benefits of products and services is an essential skill for consumers. F. Community and Financial Responsibility Students in will understand the personal and social impact of their financial decisions within their family, the local community, and global community, as well as ethical and legal considerations within the processes for generating income, profit, and personal wealth. Rationale: The broader implications of personal financial decisions were never more critical than in today’s expanding global economy. The current reality and potential for building and using personal wealth includes the need for a sense of responsibility to the broader community and recognizing their interdependence. This also requires an understanding of legal rights and responsibilities, and is part of being a good citizen. G. Risk Management Students in will understand the features and role of insurance in financial planning and be able to analyze and balance risk against benefits in financial planning. Rationale: Major, unexpected financial losses or needs can affect the financial status of an individual or family for years. In addition to avoiding unreasonable risks in saving and investing, contemporary economics also requires that insurances—including life, property, health, liability, and disability—be part of personal, family, and business financial planning. Your state too may have such a model curriculum ... you might try searching for it on-line...

Q: Why does Financial Education matter to the community?
Please be specific and give current examples..i have to write 3 pages on this.... Thank you.

A: If everyone had a really strong understanding of finances a number of things would be different today: 1- the mortgage crunch would not have happened. People were buying houses that were way too expensive for their income level - they didn't understand the pitfalls of Adjustable rate mortgages or house notes that ate up more than half of their income. 2 - The credit card crunch would not happen. The better you understand how credit works the less likely you are to get in deep credit card debt. 3 - retirement savings - the simple fact of the matter is that if you save/invest 10% of your income from your first job through your last job will never want during your retirement (as long as you live conservatively that is - but if you have sound money management skills the retiree would already know that.)

Q: Should Financial Education Be A Compulsory Subject In School?
In this particular time where our world is plagued by economic disaster, should we introduced it???

A: Yes, but it is a very difficult topic to understand at a high school thinking level. Things like balancing checkbooks, learning how to save and keep out of debt, making a budget could easily be done. But economics and high finance are too difficult to make mandatory.

Q: Is there any financial support for education except banks?
Are there some groups of people to encourage and patronage the education?So that it can be paid pack to them after my graduation when i get to work, "its my dream..

A: Have you try to get a scholarship? Maybe you can go to http://all-about-scholarship.com it's about scholarships/grants information. Good luck

Q: what are the qualifications for tertiary education financial aid?


A: UK question? Tertiary generally refers to 16-19 years old on designated classes. There are no tuition fees for any person aged 14 – 19 in state-funded courses. You won't get anything unless you are an EU resident I wouldn't think. If you are starting under 19 then you are entitled to tutition fees and probably ema (maintenance allowance) of up to £30. You can get better advice by contacting any related college to discuss this. Higher Ed?If you are a resident of England and Wales filling out the the relevant forms here would actually take 1/10 of the time discussing all the possibilities: www.dfes.gov.uk/studentsupport/

Q: How to report financial aid office of a college to the department of education?
I have been discriminated by the financial aid of my college. I plan to report them to the department of education or sue them by my lawyer or/and report them to one of the TV news. My question is if I want to report them to the department of education, how will I do that? What procedure do I need to follow? Can I sue them after I report them to the department of education? This is serious and I will not appreciate stupid/nonsense answer. This is serious and I don't appreciate joke/stupid/nonsense answer.

A: You said you had a lawyer..ask him...you hired him/her for a reason...let your attorney earn the pay...they will know best.

Q: What's the most common education qualification of people working in Financial Services?
What's the most common education qualification of people working in Financial Services? Financial services organisations like Barclays, HSBC, Citigroup, Morgan Stanley, Goldman Sachs etc.

A: Generally at least a Finance degree or economics degree. Most finance majors will usually go for there CFA or CFP to help advance there careers. Also there are series test that many people take to help them out. Check link below for more info on CFA and CFP designation and series test.

Q: Any advice on where I could find financial aid for a Masters program in Special Education?
I've been accepted into the Masters program in special education at a college in Boston- problem is, I will be totally dependent on financial aid- In pocket, I barely have enough to pay rent- Any suggestions? Where could I find the $$ to cover my SPED graduate studies? My credit is in shreds, so borrowing from a bank is not possible.

A: In my school district we are reimbursed 1/2 the cost of our graduate classes. Also, ther are programs available for those looking to enter high needs areas (such as special education) - if you look at the attached link, you will notice that my school district covers the entire cost (less the first 6 credits) - and you get paid to teach while in the program (not a bad deal, wish I had gone that route). http://education.jhu.edu/teach/index.cfm

Q: What do You Look for in a Grad School besides, location, education quality and financial aid/?
I have narrowed down the school that have good faculty, that have the field I am interested in, that have award degrees in the fewest years, that have good financial packages, that are in locations that I like but that still leaves 50+ schools to choose from. What other factors did you consider when choosing the school to enter. I am would like to study molecular biology.

A: Awarding degrees in the fewest years shouldn't be a factor of consideration, especially in the sciences. A PhD takes as long as it takes - if they hurry their students out the door, they're graduating people who can't find jobs - don't have enough publications, haven't established themselves in the field, haven't done a rigorous piece of research, haven't made connections. Sometimes taking the extra year or two to ensure a great postdoc is worth it. I think you should be considering other things - what's the atmosphere like? Some very competitive schools can be miserable to work at. Do the grad students socialize? How are their interactions with their advisers? Don't choose a possible adviser based on how they look on paper - I did that the first time, and had to switch fields and schools to get away because we got along so horribly. I have a great adviser now, but I'm glad I finally learned that how the faculty and students interact can make or break your career. Go visit some of these schools and talk to students.

Q: Who wants financial health and education for a brighter future?
I have a system I use and Would like to share it with you. The more you give, the more you get in life. From giving freely, I get freely. You should try it!

A: Oh please.

Q: Is it alright if a person applies for financial aid for education with conditional permanent Resident card?
Thank you for answering my questions. It is really helpful.

A: You must be one of the following to receive federal student aid: • U.S. citizen • U.S. national (includes natives of American Samoa or Swain’s Island) • U.S. permanent resident who HAS an I-151, I-551, or I-551C (Permanent Resident Card) If you’re not in one of these categories, you must have an Arrival-Departure Record (I-94) from U.S. Citizenship and Immigration Services (USCIS) showing one of the following designations: • “Refugee” • “Asylum Granted” • “Cuban-Haitian Entrant, Status Pending” • “Conditional Entrant” (valid only if issued before April 1, 1980) • Victims of human trafficking, T-visa (T-2, T-3, or T-4, etc.) holder • “Parolee” (You must be paroled into the United States for at least one year and you must be able to provide evidence from the USCIS that you are in the United States for other than a temporary purpose and that you intend to become a U.S. citizen or permanent resident.) If you have only a Notice of Approval to Apply for Permanent Residence (I-171 or I-464), you’re not eligible for federal student financial aid. If you’re in the United States on certain visas, including an F1 or F2 student visa, or a J1 or J2 exchange visitor visa, you’re not eligible for federal student financial aid. Also, people with G series visas (pertaining to international organizations) are not eligible for federal student financial aid. For more information about other types of visas that are not acceptable, check with your school’s financial aid office. Citizens and eligible noncitizens may receive loans from the FFEL Program at participating foreign schools. Citizens of the Federated States of Micronesia, the Republic of the Marshall Islands, and the Republic of Palau are eligible only for certain types of federal student aid. These applicants should check with their schools’ financial aid office for more information.