Rhode Island Treasury, under Treasurer Magaziner’s leadership, partners with EverFi, a highly regarded online financial education platform, to offer the Rhode Island Financial Scholars Program at high schools across the state.
During the 2015-16 academic year, EverFi provided financial education to an estimated 3,600 students in 45 Rhode Island high schools. 41 of those schools are public high schools, which are located in 26 of the 39 municipalities across the Ocean State.
As of August 2016, an estimated 24,000 learning modules have been completed, with Rhode Island students spending over 18,000 hours learning about personal finance. The topics covered in the curriculum include: financing higher education, savings, banking, payment types, credit scores, and more.
Additionally, in an effort to grow and serve more students, EverFi launched FutureSmarts, an interactive learning course which is designed to teach financial education skills to middle school students. Topics covered include: financial values and goal-setting, budgeting, planning for the future, risk vs. return, and more. To date, 13 Rhode Island middle schools are using the program, with Rhode Island Treasury and EverFi working together to expand the program.
Each year, Rhode Island Treasury partners with Rhode Island Money Smart Week to promote personal financial literacy through workshops and interactive activities. Some of these workshops include: You May Have Unclaimed Property – a workshop with staff from the R.I. Treasury’s Unclaimed Property division assisting the public with searching for unclaimed property and start the process for getting it; and Saving for College with the CollegeBound – a workshop with staff from Treasury’s CollegeBound team discussing the costs and benefits of opening a college savings account.
April is Financial Literacy Month. Collaborating with community groups across the state, Rhode Island Treasury plans and promotes a month-long program of activities and educational opportunities geared at Financial Empowerment, including a workshop for seniors discussing consumer protection and how they can protect themselves from scams.
Partnering with our local Jump$tart organization during the month, Rhode Island Treasury hosts a celebration at the State House for Personal Financial Challenge Award winners. Additionally, we participate in an interactive conference called “Real World Day” which is hosted by Pawtucket Credit Union at Bryant University where local high school students learn about credit and personal finance.
In 2016, Treasurer Magaziner launched Treasury’s Financial Literacy Educator of the Year Award to honor educators who lead their field in teaching financial literacy. As a former elementary school teacher, Treasurer Magaziner has first-hand experience about the challenges and importance of being an educator. He understands the passion and dedication that teaching requires. And he knows that, too often, teachers do not get the recognition they deserve.
Treasurer Magaziner's Financial Literacy Educator of the Year Award recognizes teachers who excel in and out of the classroom to provide their students with the financial literacy skills they need to successfully navigate our complex financial system. The award is open to teachers in the State of Rhode Island who meet the following criteria:
The Treasurer’s Young Leader Award recognizes students who have demonstrated an interest in entrepreneurship and developing the skills necessary to achieve their goals.
These awards are presented to high school juniors in the State of Rhode Island who meet the following criteria:
In 2016, Treasurer Magaziner was, along with Indiana State Treasurer Kelly Mitchell, appointed co-chair of the Financial Education and Empowerment Committee for the National Association of State Treasurers.