Contact: Rebecca Allen
Communications and Development Associate
Illinois College Advising Corps
FOR IMMEDIATE RELEASE
High school students to showcase financial knowledge
Students compete for scholarship dollars at Financial Literacy Bowl
Chicago, IL – More than 120 Illinois high school students will test their knowledge of personal finance and compete for scholarship prizes at the third annual Financial Literacy Bowl, hosted by the Illinois College Advising Corps (ICAC).
During the one-day tournament, teams of six seniors from 22 ICAC’s partner high schools will play against one another, and each member from the first through fourth place teams will receive a scholarship. Students will be tested on topics ranging from college costs to types of financial aid and real-world financial management issues such as credit basics. Teams are coached by the ICAC college advisers at their respective high schools.
The competition will be held on March 14 between 9:00 am and 3:30 pm at Student Center West on the campus of the University of Illinois at Chicago.
Organized by the University of Illinois in partnership with the National College Advising Corps, the Illinois College Advising Corps places recent University of Illinois graduates in high-need high schools to help students learn about and prepare for college. As part of college preparedness, ICAC advisers facilitate financial literacy workshops designed to teach money management skills and knowledge critical to a successful financial future.
Launched in 2011, the Financial Literacy Bowl helps ICAC Advisers get their students excited and engaged around financial literacy topics. The competitive atmosphere and the chance for scholarship dollars provide extra motivation for students to brush up on their knowledge. Examples of questions from the previous year are available here.
"Now, more than ever, financial literacy is a vital component of a student's success in college enrollment and completion," said Judith Flink, founder of ICAC and executive director of University of Illinois Student Financial Services. "By involving these students in workshops and events that stress the importance of financial awareness, we are providing them with invaluable tools for the future."
The 22 Illinois high schools competing this year are:
Crete-Monee High School in Crete, IL
East Aurora High School in Aurora, IL
Lanphier High School in Springfield, IL
Main East High School in Park Ridge, IL
Manual High School in Peoria, IL
Rantoul High School in Rantoul, IL
Rich East High School in Park Forest, IL
Rich Central High School in Olympia Fields, IL
Rich South High School in Richton Park, IL
Round Lake High School in Round Lake, IL
Springfield Southeast High School in Springfield, IL
Waukegan High School in Waukegan, IL
Chicago public high schools George H. Corliss, Crane Tech, Kelly, Gage Park, Michele Clark, George Washington, Frederick Douglass, Benito Juarez, and Wells in Chicago, IL
The 2014 Financial Literacy Bowl is sponsored by University of Illinois Student Financial Services, the University of Illinois Student Money Management Center, Enterprise Recovery Systems, Xerox, Inc., TCF Bank, Credit Union 1, Nelnet Business Solutions, Texas Guaranteed, and the Steven and Nancy Nemerovski Foundation.
NOTE TO MEDIA: Participants and advisers will be available for photos and interviews.
The Illinois College Advising Corps is a near-peer college adviser organization committed to assisting, educating, leading and inspiring first-generation, low-income, underrepresented youth in the enrollment and completion of post-secondary education.
The University of Illinois is a world leader in research and discovery, the largest educational institution in the state with more than 77,000 students, 24,000 faculty and staff, and campuses in Urbana-Champaign, Chicago and Springfield. The U of I awards more than 20,000 undergraduate, graduate and professional degrees annually.